To bolster recovery in the construction and service sectors, theSBA said it is offering surety bond guarantees on federal contractsvalued at up to $10 million.
The condition is the contracting officer has to certify that theguarantee is in the best interests of the government, the SBA saidtoday.
Under a current, related provision of the Recovery Actimplemented in March, the agency can provide bond guarantees up to$5 million through September 2010 on all public and privatecontracts and subcontracts.
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