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The Affidavit of Individual Surety (Standard Form 28) is utilized by executive agencies to gather information from individuals wishing to act as sureties for Government bonds. It certifies that individuals

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How to fill out standard form 28 affidavit

How to fill out Standard Form 28, Affidavit of Individual Surety

01

Obtain a copy of Standard Form 28 (SF 28) from the appropriate official website or office.

02

Begin filling out the form by entering the name of the surety in the designated space.

03

Provide the surety's address, including city, state, and zip code.

04

Indicate the amount of surety you are providing, which is typically related to a specific contract or obligation.

05

Complete details regarding the bonds in which the surety is involved, if applicable.

06

Affirm the financial capacity of the surety by listing assets and liabilities to demonstrate solvency.

07

Include any required supporting documentation, such as financial statements or proof of ownership of assets.

08

Have the surety sign and date the affidavit at the bottom of the form.

09

Ensure the form is notarized to verify the identity of the signer.

10

Submit the completed form as per the instructions provided in the contract or by the requesting agency.

Who needs Standard Form 28, Affidavit of Individual Surety?

01

Contractors who are required to provide surety for government contracts.

02

Individuals acting as sureties for contractors or businesses in government projects.

03

Any party seeking to guarantee performance obligations in federal contracts.

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What is Standard Form 28, Affidavit of Individual Surety?

Standard Form 28 (SF 28) is a document used in federal contracting that allows individuals to provide surety for contracts. It serves as an affidavit affirming the individual's financial capability to act as a surety for a contractor.

Who is required to file Standard Form 28, Affidavit of Individual Surety?

Individuals who wish to act as sureties for federal contracts are required to file Standard Form 28. This includes those providing personal guarantees for contract performance or payment.

How to fill out Standard Form 28, Affidavit of Individual Surety?

To fill out Standard Form 28, the individual must provide their personal information, financial details, and affirm their willingness to act as a surety. It’s important to follow the instructions on the form carefully and provide accurate financial information.

What is the purpose of Standard Form 28, Affidavit of Individual Surety?

The purpose of Standard Form 28 is to ensure that individuals who are acting as sureties have the financial ability to fulfill that obligation in case the principal contractor defaults on their contract.

What information must be reported on Standard Form 28, Affidavit of Individual Surety?

The form requires information such as the individual's name, address, financial status, net worth, and any other relevant financial information that establishes their viability as a surety.

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