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                            28.203-2 Substitution of assets.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart28.028.128.228.3
Section28.20028.20128.20228.20328.204
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28.203-2 Substitution of assets.28.203-2 Substitution of assets.       An individual surety may request the Government to accept a substitute asset for that currently pledged by submitting a written request, including a revised   SF 28, to the responsible contracting officer. Following the requirements set forth in  28.203-1, the contracting officer may agree to the substitution of assets upon determining that the substitute assets to be pledged are adequate to protect the outstanding bond or guarantee obligations.    **Parent topic:**  28.203 Individual Sureties.
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