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1- That the deponent is the permanent resident of the above said address. 2- That I have never stood any surety in any other case and the documents produced by the deponent are genuine. 3- That the accused namely ___ is my real ____. 4- That I am standing surety on behalf of the accused in the above mentioned case.
What is an SF 28?
Standard Form 28 - Affidavit of Individual Surety.
What is a government performance bond?
A performance bond is a type of contract construction bond that guarantees a contractor will complete a project according to the terms outlined in a contract by the project owner, also called the obligee. The obligee can be a city, state, or local government, as well as the federal government or a private developer.
How is the penal amount of a bid bond determined?
The surety issues the bid bond after the principal purchases it for a set price. The maximum amount of damages that come with the bond coverage are the penal sum. Penal sums are based on the bid amount and range from 5 to 20 percent of the bid. The value of the bond is based on this maximum amount of damages.
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The following Standard Forms (SF's) and Optional Forms (OF's) shall be used, except in foreign countries, when a bid bond, performance or payment bond, ...
Affidavit of Individual Surety - GSA Forms Library
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