FAR 52.228-17 Individual Surety—Pledge of Assets (Bid Guarantee)
Clause Federal Acquisition Regulation Feb 2021 version
Facts
- Citation
- FAR 52.228-17
- Type
- Clause
- Current version
- February 2021
- Prescribed in
- FAR 28.203-4(a)
- Last amended
- 86 FR 3682 Effective Feb 16, 2021
- Proposed changes
- 1
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this clause.
Text
As prescribed in 28.203-4 (a), insert the following provision:
Individual Surety—Pledge of Assets (Feb 2021)
(a) Offerors shall obtain from each person acting as an individual surety on a bid guarantee—
(1) A pledge of assets that meets the eligibility, valuation, and security requirements described in the Federal Acquisition Regulation (FAR) 28.203-1; and
(2) Standard Form 28, Affidavit of Individual Surety.
(b) The Offeror shall include with its offer the information required at paragraph (a) of this provision within the timeframe specified in the provision at FAR 52.228-1, Bid Guarantee, or as otherwise established by the Contracting Officer.
(c) The Contracting Officer may release the security interest on the individual surety's assets in support of a bid guarantee based upon evidence that the offer supported by the individual surety will not result in contract award.
(End of provision)
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation: Individual Sureties |
Proposed changes
| Proposed rule | Published | Comments |
|---|---|---|
| Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 14, 28, 36, and 52 | Closed Oct 19, 2026No final rule found |
Sections cited
- FAR 28.203-1 Acceptability of individual sureties
- FAR 52.228-1 Bid Guarantee
Quick answers
What is FAR 52.228-17?
FAR 52.228-17 is a clause of the Federal Acquisition Regulation, titled "Individual Surety—Pledge of Assets (Bid Guarantee)".
What is the current version of FAR 52.228-17?
The current version is dated February 2021.
Where is FAR 52.228-17 prescribed?
It is prescribed in FAR 28.203-4(a), Solicitation provision and contract clause.
When was FAR 52.228-17 last changed?
The most recent final rule on record is "Federal Acquisition Regulation: Individual Sureties" (86 FR 3682), published Jan 14, 2021 and effective Feb 16, 2021.
Are changes to FAR 52.228-17 proposed?
One proposed change has no final rule yet.
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