Electronic Code of Federal Regulations
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e-CFR data is current as of January 22, 2021 |
Title 48 → Chapter 1 → Subchapter E → Part 28 → Subpart 28.2 → §28.201 |
Title 48: Federal Acquisition Regulations System
PART 28—BONDS AND INSURANCE
Subpart 28.2—Sureties and Other Security for Bonds
28.201 Requirements for security.
(a) Agencies shall obtain adequate security for bonds (including coinsurance and reinsurance agreements) required or used with a contract for 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 offerors from using the types of surety or other security permitted by this subpart, unless prohibited by law or regulation.
[48 FR 42286, Sept. 19, 1983, as amended at 55 FR 25530, June 21, 1990; 62 FR 44807, Aug. 22, 1997]