← All Free ToolsGo back to previous tools page
Explore More Tools →
section53.228

Bonds and insurance

Overview

FAR 53.228 identifies and prescribes the Standard Forms (SF) and Optional Forms (OF) required for fulfilling bonding and insurance obligations as established in FAR Part 28. It provides a centralized list of authorized templates for bid guarantees, performance and payment protections, and surety-related legal instruments.

Key Rules

  • Form Prescription: The section lists specific forms for various bonding scenarios, including Bid Bonds (SF 24), Performance Bonds (SF 25), and Payment Bonds (SF 25A).
  • Reproduction Authority: Most forms listed are authorized for local reproduction, meaning agencies and contractors can print their own copies, with the specific exception of SF 25B (Continuation Sheet).
  • Non-Construction Differentiation: Explicit forms are prescribed for requirements outside of construction, specifically SF 1416 (Payment Bond) and SF 1418 (Performance Bond) for "Other than Construction Contracts."
  • Surety Requirements: Standardized forms are provided for individual surety affidavits (SF 28), reinsurance agreements (SF 273, 274, 275), and the consent of sureties (SF 1414, 1415).
  • Source of Truth: All forms are officially maintained and accessible through the GSA Forms Library.

Practical Implications

  • Compliance and Validity: Contractors must use these specific, standardized forms to ensure their financial guarantees are legally binding and acceptable to the Contracting Officer; using non-standard templates can lead to bid responsiveness issues.
  • Administrative Accuracy: Because different forms apply to construction versus service or supply contracts, administrative staff must carefully cross-reference FAR Part 28 to ensure the correct version (e.g., SF 25 vs. SF 1418) is submitted.

Need help?

Get FAR guidance, audit prep support, and proposal insights from the AudCor team.

Talk to an expert