Why This Is Important Bid Bonds are the most common type of quote warranty for public jobs construction initiatives. (d) If the service provider does not equip an acceptable different ILC, or other acceptable alternative, no less than 30 days prior to an ILC’s scheduled expiry, the having officer will immediately draw on the ILC. ( c) To attract on the ILC, the contracting officer will utilize the view draft stated in the clause at fifty two.228-14, as well as existing it with the ILC (including letter of affirmation, if any) to the providing monetary facility or the verifying financial …