SF 1418 Performance Bond for Other than Construction Contracts

PERFORMANCE BOND FOR OTHER THAN
CONSTRUCTION CONTRACTS

DATE BOND EXECUTED (Must be same or later than date
of contract)

(See instructions on reverse)

OMB Control Number: 9000-0045
Expiration Date: 8/31/2025

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not need to answer these questions unless we display a valid Office of Management and Budget (OMB) control number. The OMB control number for this collection is 9000-0045. We
estimate that it will take 1 hour to read the instructions, gather the facts, and answer the questions. Send only comments relating to our time estimate, including suggestions for reducing
this burden, or any other aspects of this collection of information to: U.S. General Services Administration, Regulatory Secretariat Division (M1V1CB), 1800 F Street, NW, Washington,
DC 20405.
PRINCIPAL (Legal name and business address)

TYPE OF ORGANIZATION ("X" one)
INDIVIDUAL

PARTNERSHIP

JOINT VENTURE

CORPORATION

STATE OF INCORPORATION

PENAL SUM OF BOND

SURETY(IES) (Name(s) and business address(es))
MILLION(S)

THOUSAND(S)

HUNDRED(S)

CONTRACT DATE

CONTRACT NUMBER

OPTION DATE

OPTION NUMBER

CENTS

OBLIGATION:
We, the Principal and Surety(ies), are firmly bound to the United States of America (hereinafter called the Government) in the above penal sum. For payment of
the penal sum, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally. However, where the Sureties are corporations
acting as co-sureties, we, the Sureties, bind ourselves in such sum "jointly and severally" as well as "severally" only for the purpose of allowing a joint action or
actions against any or all of us. For all other purposes, each Surety binds itself, jointly and severally with the Principal, for the payment of the sum shown
opposite the name of the Surety. If no limit of liability is indicated, the limit of liability is the full amount of the penal sum.
CONDITIONS:
The principal has entered into the contract identified above.
THEREFORE:
The above obligation is void if the Principal: (1) Performs and fulfills all the undertakings, covenants, terms, conditions, and agreements of the contract during
either the base term or an optional term of the contract and any extensions thereof that are granted by the Government, with or without notice to the Surety(ies),
and during the life of any guaranty required under the contract, and (2) performs and fulfills all the undertakings, covenants, terms, conditions, and agreements of
any and all duly authorized modifications of the contract that hereafter are made. Notice of those modifications to the Surety(ies) is waived.
The guaranty for a base term covers the initial period of performance of the contract and any extensions thereof excluding any options. The guaranty for an
option term covers the period of performance for the option being exercised and any extensions thereof.
The failure of a surety to renew a bond for any option term shall not result in a default of any bond previously furnished covering any base or option term.
WITNESS:
The principal and Surety(ies) executed this performance bond and affixed their seals on the above date.
1.

PRINCIPAL
2.

SIGNATURE(S)
(Seal)
NAME(S) &
TITLE(S)
(Typed)

SIGNATURE(S)
NAME(S)
(Typed)

1.

1.

(Seal)
2.

Corporate
Seal

INDIVIDUAL SURETY(IES)
2.

(Seal)
1.

(Seal)
2.

SURETY A

CORPORATE SURETY(IES)
STATE OF INCORPORATION

NAME &
ADDRESS
SIGNATURE(S)
NAME(S) &
TITLE(S)
(Typed)

1.

2.

1.

2.

AUTHORIZED FOR LOCAL REPRODUCTION
Previous edition is NOT usable

LIABILITY LIMIT
$

Corporate
Seal

STANDARD FORM 1418 (REV. 2/1999)
Prescribed by GSA-FAR (48 CFR) 53.228(b)

SURETY B
SURETY C
SURETY D
SURETY E
SURETY F
SURETY G

STATE OF INCORPORATION

NAME &
ADDRESS
SIGNATURE(S)
NAME(S) &
TITLE(S)
(Typed)

$
1.

2.

1.

2.

NAME(S) &
TITLE(S)
(Typed)

NAME(S) &
TITLE(S)
(Typed)

2.

1.

2.

NAME(S) &
TITLE(S)
(Typed)

NAME(S) &
TITLE(S)
(Typed)

2.

1.

2.

NAME(S) &
TITLE(S)
(Typed)

Corporate
Seal

STATE OF INCORPORATION

LIABILITY LIMIT
$

1.

2.

1.

2.

Corporate
Seal

STATE OF INCORPORATION

LIABILITY LIMIT
$

1.

2.

1.

2.

Corporate
Seal

STATE OF INCORPORATION

NAME &
ADDRESS
SIGNATURE(S)

LIABILITY LIMIT
$

1.

NAME &
ADDRESS
SIGNATURE(S)

Corporate
Seal

STATE OF INCORPORATION

NAME &
ADDRESS
SIGNATURE(S)

LIABILITY LIMIT
$

1.

NAME &
ADDRESS
SIGNATURE(S)

Corporate
Seal

STATE OF INCORPORATION

NAME &
ADDRESS
SIGNATURE(S)

LIABILITY LIMIT

LIABILITY LIMIT
$

1.

2.

1.

2.

BOND
PREMIUM

Corporate
Seal

RATE PER THOUSAND ($)

TOTAL ($)

INSTRUCTIONS
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 corporation 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.

STANDARD FORM 1418 (REV. 2/1999) BACK