FAR 52.228-2 Additional Bond Security
Clause Federal Acquisition Regulation Oct 1997 version
Facts
- Citation
- FAR 52.228-2
- Type
- Clause
- Current version
- October 1997
- Prescribed in
- FAR 28.106-4(a)
- 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 28.106-4(a), insert the following clause:
Additional Bond Security (Oct 1997)
The Contractor shall promptly furnish additional security required to protect the Government and persons supplying labor or materials under this contract if-
(a) Any surety upon any bond, or issuing financial institution for other security, furnished with this contract becomes unacceptable to the Government;
(b) Any surety fails to furnish reports on its financial condition as required by the Government;
(c) The contract price is increased so that the penal sum of any bond becomes inadequate in the opinion of the Contracting Officer; or
(d) An irrevocable letter of credit (ILC) used as security will expire before the end of the period of required security. If the Contractor does not furnish an acceptable extension or replacement ILC, or other acceptable substitute, at least 30 days before an ILC’s scheduled expiration, the Contracting officer has the right to immediately draw on the ILC.
(End of clause)
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 |
Quick answers
What is FAR 52.228-2?
FAR 52.228-2 is a clause of the Federal Acquisition Regulation, titled "Additional Bond Security".
What is the current version of FAR 52.228-2?
The current version is dated October 1997.
Where is FAR 52.228-2 prescribed?
It is prescribed in FAR 28.106-4(a), Contract clause.
Are changes to FAR 52.228-2 proposed?
One proposed change has no final rule yet.
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