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Panoptic Enterprises' FEDERAL CONTRACTS DISPATCH

DATE: February 22, 2005

SUBJECT: Defense Federal Acquisition Regulation Supplement (DFARS); Fidelity and Forgery Bonds

SOURCE: Federal Register, February 22, 2005, Vol. 70, No. 34, page 8537

AGENCIES: Department of Defense (DOD)

ACTION: Final Rule

SYNOPSIS: DOD is amending DFARS 228.105, Other Types of Bonds, to clarify that fidelity and forgery bonds are authorized for use under certain circumstances.

EDITOR’S NOTE: For more on the proposed rule, see the August 10, 2004, FEDERAL CONTRACTS DISPATCHDefense Federal Acquisition Regulation Supplement (DFARS); Bonds.”

EFFECTIVE DATE: February 22, 2005.

FOR FURTHER INFORMATION CONTACT: Euclides Barrera, Defense Acquisition Regulations Council, OUSD(AT&L)DPAP (DAR), IMD 3C132, 3062 Defense Pentagon, Washington, DC 20301-3062; 703-602-0296; fax: 703-602-0350.

SUPPLEMENTARY INFORMATION: DOD published a proposed rule on August 10, 2004, that would amend DFARS 228.105 from "Fidelity and forgery bonds generally are not required but may be used when (1) necessary for the protection of the government or the contractor; or (2) the investigative and claims services of a surety company are desired" to “Fidelity and forgery bonds generally are not required but are authorized for use when...” DOD received no comments on the proposed rule, so it has adopted the proposed rule as a final rule without change.

FOR FURTHER INFORMATION CONTACT: Panoptic Enterprises at 703-451-5953.

Copyright 2005 by Panoptic Enterprises. All Rights Reserved.

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