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Subpart 428.2 - Sureties and Other Security for Bonds
428.203 Acceptability of individual sureties.
Evidence of possible criminal or fraudulent activities by an individual surety shall be reported to the Office of Inspector General in accordance with Departmental Regulations (1700 series).
428.204 Alternatives in lieu of corporate or individual sureties.
HCA's shall establish procedures to ensure protection and conveyance of deposited securities of the types listed in FAR 28.204-1 through 28.204-3.
428.204-2 Certified or cashier's checks, bank drafts, money orders, or currency.
The contracting officer shall insert the provision at 452.228-70, Alternative Forms of Security, in a solicitation if a bond is required.
