Regulations last checked for updates: Jun 01, 2024

Title 48 - Federal Acquisition Regulations System last revised: May 30, 2024
1328.203 - 1328.203 Acceptability of individual sureties.

(a) Contracting officers shall obtain the opinion of the Procurement Counsel as to the adequacy of the documents pledging the assets of an individual surety prior to accepting bid guarantee and payment and performance bonds.

(b) Evidence of possible criminal or fraudulent activities by an individual surety shall be referred to the DOC Office of Inspector General. Policies and procedures for the initiation and conduct of investigations by the Office of Inspector General are prescribed in DAO 207-10, Inspector General Investigations.

source: 75 FR 10570, Mar. 8, 2010, unless otherwise noted.
cite as: 48 CFR 1328.203