48 CFR · Federal Acquisition Regulation and Defense supplement

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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.

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9 sections with “corporate or individual sureties”

  • FAR 28.204 Alternatives in lieu of corporate or individual sureties.
    …may furnish any of the types of security listed in 28.204-1 through 28.204-3 instead of a corporate or individual surety for the bond. When any of those types of security are deposited, a statement shall be incorporated in the bond form ple…
  • FAR 28.201 Requirements for security.
    …r supplies or services (including construction). Acceptable forms of security include (1) corporate or individual sureties or (2) any of the types of security authorized in lieu of sureties by 28.204. (b) Solicitations shall not preclude o…
  • FAR 2.101 Definitions.
    … with a particular final cost objective. Direct costs are not limited to items that are incorporated in the end product as material or labor. Costs identified specifically with a contract are direct costs of that contract. All costs identif…
  • FAR 52.228-15 Performance and Payment Bonds—Construction.
    …other security for bonds. The bonds shall be in the form of firm commitment, supported by corporate sureties whose names appear on the list contained in Treasury Department Circular 570, individual sureties, or by other acceptable security …
  • FAR 52.228-16 Performance and Payment Bonds—Other Than Construction.
    …in additional bonds. (e) The bonds shall be in the form of firm commitment, supported by corporate sureties whose names appear on the list contained in Treasury Department Circular 570, individual sureties, or by other acceptable security …
  • FAR 28.204-3 Irrevocable letter of credit.
    …n 60 days after the close of the bid acceptance period. (2) If used as an alternative to corporate or individual sureties as security for a performance or payment bond, the offeror/contractor may submit an ILC with an initial expiration da…
  • FAR 52.228-14 Irrevocable Letter of Credit.
    …n 60 days after the close of the bid acceptance period; (2) If used as an alternative to corporate or individual sureties as security for a performance or payment bond, the offeror/Contractor may submit an ILC with an initial expiration da…
  • FAR 28.001 Definitions.
    …obligated or the amount of security required to be pledged to the Government in lieu of a corporate or individual surety for the bond. Reinsurance means a transaction which provides that a surety, for a consideration, agrees to indemnify a…
  • FAR 28.106-3 Additional bond and security.
    …e or in part by a new surety or by one of the alternatives described in 28.204 in lieu of corporate or individual surety, agencies shall use Standard Form 25, Performance Bond; Standard Form 1418, Performance Bond for Other Than Constructio…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.