SF_24_Bid_Bond.pdf

This is Standard Form 24 (SF-24), the Bid Bond form prescribed by GSA-FAR (48 CFR) 53.228(a), with an OMB Control Number 9000-0045 and expiration date of 8/31/2025. The form is used when a bid guaranty is required for federal contracts and must be executed no later than the bid opening date.

The form requires information about the Principal (legal name and business address), type of organization (individual, partnership, joint venture, corporation, or other), and Surety(ies). It includes fields for the penal sum of the bond, which may be expressed as a percentage of the bid price with a maximum dollar limitation. The form includes detailed sections for signatures and corporate seals from both the Principal and Surety(ies), with space for up to seven corporate sureties (A through G). Key instructions specify that corporate sureties must be on the Department of Treasury's approved list, must act within stated limitations, and must have their total liability equal 100% of the bond penal sum when multiple sureties are involved. Individual sureties must provide Standard Form 28 (Affidavit of Individual Surety) with additional financial documentation.