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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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21 sections with “individual surety”

  • FAR 52.228-11 Individual Surety—Pledge of Assets.
    As prescribed in 28.203-4(b), insert the following clause: Individual Surety—Pledge of Assets (FEB 2021) (a) The Contractor shall obtain from each person acting as an individual surety on a performance bond or a payment bond— (1) A pledg…
  • FAR 52.228-17 Individual Surety—Pledge of Assets (Bid Guarantee).
    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 ass…
  • FAR 28.203-1 Acceptability of individual sureties.
    (a) An individual surety is acceptable for all types of bonds except position schedule bonds. Assets pledged by an individual surety shall meet the eligibility requirements of Treasury's Bureau of the Fiscal Service. Per 31 U.S.C. 9310, ind…
  • FAR 28.203-5 Exclusion of individual sureties.
    (a) An individual may be excluded from acting as a surety on bonds submitted by offerors on procurement by the executive branch of the Federal Government, by the acquiring agency's head or designee utilizing the procedures in subpart 9.4. T…
  • FAR 2.101 Definitions.
    …operation or maintenance of the system. Affiliates means associated business concerns or individuals if, directly or indirectly either one controls or can control the other; or third party controls or can control both, except as follows: …
  • FAR 28.203-3 Release of security interest.
    …on with legal counsel, the contracting officer shall release the security interest on the individual surety's assets using the Optional Form 91, Release of Personal Property from Escrow, or a similar release as soon as possible consistent w…
  • FAR 28.204 Alternatives in lieu of corporate or individual sureties.
    …ny 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 pledging the sec…
  • FAR 28.001 Definitions.
    … Attorney-in-fact means an agent, independent agent, underwriter, or any other company or individual holding a power of attorney granted by a surety (see also power of attorney at 2.101). Bid means any response to a solicitation, including…
  • FAR 28.106-1 Bonds and bond related forms.
    …be used, except in foreign countries, when a bid bond, performance or payment bond, or an individual surety is required. The bond forms shall be used as indicated in the instruction portion of each form. (a) SF 24, Bid Bond (see 28.101). …
  • FAR 28.203-4 Solicitation provision and contract clause.
    (a) Insert the provision at 52.228-17, Individual Surety—Pledge of Assets (Bid Guarantee), in solicitations that require the submission of a bid guarantee. (b) Insert the clause at 52.228-11, Individual Surety—Pledge of Assets, in solicita…
  • FAR 28.106-3 Additional bond and security.
    …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 Construction Contracts; …
  • FAR 28.203-2 Substitution of assets.
    An individual surety may request the Government to accept a substitute asset for that currently pledged by submitting a written request, including a revised SF 28, to the responsible contracting officer. Following the requirements set forth…
  • FAR 32.202-4 Security for Government financing.
    …purpose of applying the guidance in part 28 to this subsection, the term “surety” and/or “individual surety” should be interpreted to mean “offeror” and/or “contractor.” (d) Other forms of security. Other acceptable forms of security inclu…
  • FAR 53.228 Bonds and insurance.
    …Standard Forms 24, 25 and 25A. (See 28.106-1(c).) (e) SF 28 (Rev. FEB 2021) Affidavit of Individual Surety. (See 28.106-1(e) and 28.203-1(b)(3).) (f) SF 34 (Rev 8/2016) Annual Bid Bond. (See 28.106-1(f).) (g) SF 35 (Rev. 8/2016) Annual P…
  • FAR 22.1802 Policy.
    …bide by the immigration laws of the United States and to employ in the United States only individuals who are eligible to work in the United States. The E-Verify program provides an Internet-based means of verifying employment eligibility o…
  • FAR 28.201 Requirements for security.
    … 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 offerors from …
  • FAR 52.222-54 Employment Eligibility Verification.
    …e Internet at the Department of Homeland Security Web site: https://www.e-Verify.gov (d) Individuals previously verified. The Contractor is not required by this clause to perform additional employment verification using E-Verify for any em…
  • FAR 52.228-15 Performance and Payment Bonds—Construction.
    …te sureties whose names appear on the list contained in Treasury Department Circular 570, individual sureties, or by other acceptable security such as postal money order, certified check, cashier's check, irrevocable letter of credit, or, i…
  • FAR 52.228-16 Performance and Payment Bonds—Other Than Construction.
    …te sureties whose names appear on the list contained in Treasury Department Circular 570, individual sureties, or by other acceptable security such as postal money order, certified check, cashier's check, irrevocable letter of credit, or, i…
  • DFARS 252.232-7012 Performance-Based Payments—Whole-Contract Basis.
    …ract Attachment ______) describes the basis for payment, to include identification of the individual payment events, evidence of completion, and amount of payment due upon completion of each event. (b) In accordance with 10 U.S.C. 3802(c),…
  • DFARS 252.232-7013 Performance-Based Payments—Deliverable-Item Basis.
    …ntract Attachment ____) describes the basis for payment, to include identification of the individual payment events, CLINs to which each event applies, evidence of completion, and amount of payment due upon completion of each event. (b) In…

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.