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FAR and DFARS › FAR Part 52: Solicitation Provisions and Contract Clauses › Subpart 52.2

FAR 52.228-17 Individual Surety—Pledge of Assets (Bid Guarantee).

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

This provision tells offerors what they must do when an individual person is acting as a surety on a bid guarantee. The offeror must get a pledge of assets meeting FAR 28.203-1 requirements and a Standard Form 28 affidavit, and submit that information with the offer within the timeframe set by the Bid Guarantee provision or the contracting officer. It matters because missing these items can make a bid guarantee unacceptable.

Applies to: Offerors using an individual surety on a bid guarantee

What it requires

  • Obtain from each individual surety a pledge of assets meeting FAR 28.203-1 eligibility, valuation, and security requirements
  • Obtain Standard Form 28, Affidavit of Individual Surety, from each individual surety
  • Include the required information with the offer within the timeframe in FAR 52.228-1 or as set by the contracting officer

Key terms: individual surety · bid guarantee · pledge of assets · Standard Form 28, Affidavit of Individual Surety · security interest

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

As prescribed in 28.203-4(a), insert the following provision:

Individual Surety—Pledge of Assets (Bid Guarantee) (FEB 2021)

(a) Offerors shall obtain from each person acting as an individual surety on a bid guarantee—

(1) A pledge of assets that meets the eligibility, valuation, and security requirements described in the Federal Acquisition Regulation (FAR) 28.203-1; and

(2) Standard Form 28, Affidavit of Individual Surety.

(b) The Offeror shall include with its offer the information required at paragraph (a) of this provision within the timeframe specified in the provision at FAR 52.228-1, Bid Guarantee, or as otherwise established by the Contracting Officer.

(c) The Contracting Officer may release the security interest on the individual surety's assets in support of a bid guarantee based upon evidence that the offer supported by the individual surety will not result in contract award.

(End of provision)

Sections it refers to

  • 28.203-4 Solicitation provision and contract clause.
  • 28.203-1 Acceptability of individual sureties.
  • 52.228-1 Bid Guarantee.

Sections that refer to it

  • 28.203-4 Solicitation provision and contract clause.

← 52.228-16 Performance and Payment Bonds—Other Than Construction. · 52.229-1 State and Local Taxes. →

Rule changes for FAR Part 52

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

FAR 52.228-17 Individual Surety—Pledge of Assets (Bid Guarantee) · SpendQuery