SF-1418 Performance Bond for Other than Construction Contracts

Bid, Performance, and Payments Bonds - FAR Sections Affected: Subparts 28.1 and 28.2; 52.228-1; 52-228-2; 52-228-13; 52.228-15; 52-228-16

Form- SF-1418

Bid, Performance, and Payments Bonds - FAR Sections Affected: Subparts 28.1 and 28.2; 52.228-1; 52-228-2; 52-228-13; 52.228-15; 52-228-16

OMB: 9000-0045

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1. This form is authorized for use in connection with Government
contracts. Any deviation from this form will require the written
approval of the Administrator of General Services.
2. Insert the full legal name and business address of the Principal in
the space designated "Principal" on the face of the form. An
authorized person shall sign the bond. Any person signing in a
representative capacity (e.g., an attorney-in-fact) must furnish
evidence of authority if that representative is not a member of the firm,
partnership, or joint venture, or an officer of the coporation involved.
3. (a) Corporations executing the bond as sureties must appear on
the Department of the Treasury's list of approved sureties and must
act within the limitation listed therein. Where more than one corporate
surety is involved, their names and addresses shall appear in the
spaces (Surety A, Surety B, etc.) headed "CORPORATE
SURETY(IES)."
In the space designated "SURETY(IES)" on
the face of the form, insert only the letter identification of the sureties.

(b) Where individual sureties are involved, a completed Affidavit
of Individual Surety (Standard Form 28) for each individual surety,
shall accompany the bond. The Government may require the surety
to furnish additional substantiating information concerning their
financial capability.
4. Corporations executing the bond shall affix their corporate seals.
Individuals shall execute the bond opposite the word "Corporate
Seal", and shall affix an adhesive seal if executed in Maine, New
Hampshire, or any other jurisdiction requiring adhesive seals.
5. Type the name and title of each person signing this bond in the
space provided.
6.
Unless otherwise specified, the bond shall be submitted to the
contracting office that awarded the contract.

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File Modified2008-07-29
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