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Small & Emerging Contractors


What's New: Government Affairs

New Commercial Surety Bond Opportunity Passes the U.S. House

Tuesday, March 31, 2015  
H.R. 284 would require entities submitting bids to supply durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) under the Medicare competitive acquisition program to meet the state licensure requirements for all products and supplies in the competitive acquisition area for their bid. The entity would have to furnish a “bid surety bond” in an amount not less than $50,000 and not more than $100,000 for each area in which it is bidding. The bill has passed the U.S. House. Under H.R. 248, in order to submit a bid, the bidders would have to demonstrate that they are state licensed and obtain a bid bond. If a bidder submitted a bid at or below the product category's median bid rate for that area, the bid bond would be forfeited in the event the bidder does not accept the contract. The bill provides for a GAO study on the bond's impact on small suppliers. S. 148, a companion bill, has been introduced in the Senate.

Members should visit Government Relations / General Info (Members) for more information.

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10/26/2016 » 10/28/2016
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