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Tag: Bid Surety Bonds


CMS proposes bid surety bonds

June 28, 2016HME News Staff

WASHINGTON - CMS is seeking to require providers to obtain bid surety bonds, according to a proposed rule.In proposed updates to the End-Stage Renal Disease Prospective Payment System, CMS would require bidders to get a $100K surety bond for each area they bid in.The rule also proposes forfeiture conditions for the bid surety bonds. If a bidder does not accept a contract offer when its composite bid is at or below the median composite bid rate for suppliers used in the calculation of the single...

Bid Surety Bonds, CMS, competitive bidding, Home Medical Equipment

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