The regulation at 42 CFR §414.412(g)(3) states that the bid surety bond liability will be returned within 90 days of public announcement of contract suppliers. Since this date is not provided in advance, what end date should be listed on the bond?

Per 42 CFR §414.412(g)(3), when the bid(s) does not meet the specified forfeiture conditions, the bid surety bond liability will be returned within 90 days of the public announcement of contract suppliers. The bid surety bond shall be null and void upon issuance of appropriate notice to both the bidder and the surety by CMS. CMS has provided a sample template for sureties to use when preparing bid surety bonds for bidding entities.

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Updated: 03/07/2019