Works Contract Threshold

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3/ Indiana. Indiana repealed its Common Construction Wages Act in 2015. Prevailing wages that applied to construction contracts over $350,000 awarded before July 1, 2015 are still enforceable. Ind. Code § 5-16-7.1-2.6/ Washington, DC. State contractors or recipients of state aid pay affiliated employees and subcontractors who provide services under contracts at least the current living wage. As of January 1, 2018, the minimum wage rate is $14.20 per hour. The minimum wage requirement applies to all recipients of contracts of $100,000 or more, as well as to all subcontractors who receive $15,000 or more of the funds received from the District of Columbia recipient. D.C. Code §§ 2-220.01-2-220.11. Union law lays down harmonised minimum rules for offers whose monetary value exceeds a certain amount and which are considered to be of cross-border interest. EU rules ensure that the award of higher value contracts for the supply of public goods and services must be fair, equitable, transparent and non-discriminatory. However, lower-value tenders are subject to national rules which must, however, comply with the general principles of Union law.

Can a city “rely” on a county contract for irrigation services? Directive 2009/81/EC on the coordination of procedures for the award of certain works, supply and service contracts by contracting authorities/entities in the fields of defence and security. 28,200 Scope of the paragraph This paragraph prescribes procedures for the use of guarantees and other guarantees to protect the Government against financial loss. 28,201 Security requirements. (a) agencies receive adequate guarantees for debt instruments (including co-insurance and reinsurance agreements) required or used in connection with a supply or service contract (including construction); Acceptable forms of security include: (1) corporate or individual guarantees; or (2) one of the types of guarantees approved by 28.204. instead of guarantees. (b) The claims do not prevent suppliers from using the types of warranties or other warranties permitted in this Subsection, unless prohibited by law or regulation. 28,202 Acceptance of corporate guarantees. (a) (1) Corporate guarantees offered for bonds relating to contracts entered into in the United States or its remote territories are included in the list on the Treasury Department`s list of approved bonds (Treasury Department Circular 570), “Companies holding certificates of authority as acceptable surety bonds on federal bonds and as acceptable reinsurance companies”.

(2) The amount of the penalty for the obligation shall not exceed the actuarial limit set by the guarantor in Circular 570 of the Ministry of Finance. If the penalty exceeds the actuarial limit, the bond is only acceptable if: (i) the amount exceeding the specified limit is co-insured or reinsured; and (ii) the amount of co-insurance or reinsurance does not exceed the technical limit of each co-insurer or reinsurer. (3) Co-insurance or reinsurance contracts must comply with the Treasury Department (Treasury) regulations of 31 CFR 223.10 and 223.11. Where reinsurance is envisaged, the contracting authority shall normally require that reinsurance contracts be concluded and presented with the debt instruments before a final decision on the obligations is taken. (4) If specified in the invitation, the customer may accept a deposit from the company that writes directly for the execution of the total amount of the deposit of the order. This is permitted until the necessary reinsurance contracts are concluded, even if the total bond requirement may exceed the insurer`s actuarial limit. The contractor must conclude the necessary reinsurance contracts within the period specified on the offer form, which may not exceed 45 calendar days after the execution of the guarantee, and submit them to the customer. The contractor shall use Standard Form (SF) 273, Reinsurance Contract for a Bond-Rate Bond, and SF 274, Reinsurance Contract for a Bond-Rate Bond If the reinsurance is provided with the necessary performance or payment guarantees.

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