GroundRules
48 CFR 28.203-2: 28.203-2 Substitution of assets.
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 1—FEDERAL ACQUISITION REGULATION
- SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS
- PART 28—BONDS AND INSURANCE
- Subpart 28.2—Sureties and Other Security for Bonds
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 in 28.203-1, the contracting officer may agree to the substitution of assets upon determining that the substitute assets to be pledged are adequate to protect the outstanding bond or guarantee obligations.
Collected 2026-08-27T02:26:29Z. Source file · JSON