43 CFR § 5451.1 - Minimum performance bond requirements; types.

---
identifier: "/us/cfr/t43/s5451.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "43 CFR § 5451.1 - Minimum performance bond requirements; types."
title_number: 43
title_name: "Public Lands: Interior"
section_number: "5451.1"
section_name: "Minimum performance bond requirements; types."
chapter_name: "BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR"
subchapter_number: "E"
subchapter_name: "FOREST MANAGEMENT (5000)"
part_number: "5450"
part_name: "AWARD OF CONTRACT"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "43 U.S.C. 2604; 30 U.S.C. 601"
cfr_part: "5450"
---


# 5451.1 Minimum performance bond requirements; types.

(a) A minimum performance bond of not less than 20 percent of the total contract price shall be required for all contracts of $10,000 or more, but the amount of the bond shall not be in excess of $500,000, except when the purchaser opts to increase the minimum bond as provided in §  5451.2. A minimum performance bond of not less than $500 or 20% of the contract price, whichever is greater, will be required for all installment contracts less than $10,000. For cash sales less than $10,000, bond requirements, if any, will be at the discretion of the authorized officer. The performance bond may be:

(1) Bond of a corporate surety shown on the approved list issued by the United States Treasury Department and executed on an approved standard form; or

(2) Personal surety bond, executed on an approved standard form if the authorized officer determines the principals and bondsmen are capable of carrying out the terms of the contract; or

(3) Cash bond; or

(4) Negotiable securities of the United States.

(5) Any guaranteed remittance approved by the authorized officer.

[35 FR 9786, June 13, 1970, as amended at 38 FR 6281, Mar. 8, 1973; 46 FR 42673, Aug. 24, 1981; 47 FR 38696, Sept. 2, 1982; 85 FR 82375, Dec. 18, 2020]