FAR and DFARS › FAR Part 28: Bonds and Insurance
FAR 28.000 Scope of part.
The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.
In plain English
FAR Part 28 sets out requirements for financial protection against losses on contracts awarded by sealed bidding or negotiation. It covers bid guarantees, bonds, alternative payment protections, security for bonds, and insurance. Contractors should know this part governs the types of financial protections that may be required on their contracts.
Applies to: Contracts awarded by sealed bid or negotiated methods
Key terms: bid guarantees · bonds · alternative payment protections · security for bonds · insurance
Written by AI from this section's text. A guide, not legal advice: the text below rules.
The text
This part prescribes requirements for obtaining financial protection against losses under contracts that result from the use of the sealed bid or negotiated methods. It covers bid guarantees, bonds, alternative payment protections, security for bonds, and insurance.
Rule changes for FAR Part 28
- Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 14, 28, 36, and 52 ↗ · proposed 2026-09-18 · comments due 2026-10-19
- Federal Acquisition Regulation; Technical Amendments ↗ · final rule 2024-04-22 · effective 2024-05-22
Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.