SF1418
Performance Bond for Other than Construction Contracts
Standard Form 1418 (SF 1418), Performance Bond for Other than Construction Contracts, is a four-page bond form with its instructions on page 3. The footer says it is prescribed by GSA under FAR (48 CFR) 53.228(n), and GSA hosts it in its forms library. The edition printed on the form is STANDARD FORM 1418 (REV. 10/2023), with OMB Control Number 9000-0001, and the footer says the previous edition is not usable.
The face names the principal, the surety or sureties, the penal sum, the contract and any option, then sets out the obligation. The form says the obligation is void if the principal performs and fulfills the contract during the base term or an option term and any extensions, during the life of any guaranty, and under any duly authorized modifications. It also describes what the guaranty for a base term and for an option term covers.
The instructions say that unless otherwise specified, the bond shall be submitted to the contracting office that awarded the contract. You can fill it out free in your browser on this page and download the result without an account.
Date bond executed, the principal's legal name and business address, type of organization and state of incorporation, the sureties' names and addresses, the penal sum, the contract date and number, and the option date and number.
The principal and sureties are bound to the United States in the penal sum, jointly and severally. The form says each surety binds itself for the sum shown opposite its name, and if no limit of liability is indicated, the limit is the full penal sum.
The obligation is void if the principal performs and fulfills the contract during the base term or an option term and extensions, during the life of any guaranty, and under any duly authorized modifications. Notice of modifications to the sureties is waived.
The guaranty for a base term covers the initial period of performance and extensions, excluding options. The guaranty for an option term covers the option being exercised and its extensions.
Signature blocks with seals for two principal signers, two individual sureties and corporate Sureties A to G, each with name and address, state of incorporation and liability limit, then the bond premium rate per thousand ($) and total ($).
Six numbered instructions on use of the form, the principal, corporate and individual sureties, seals, typed names and titles, and where the bond is submitted.
Insert the full legal name and business address of the principal, mark one type of organization with an X and give the state of incorporation.
When corporate sureties are involved, instruction 3(a) says to insert only their letter identification in the Surety(ies) space on the face and to list their names and addresses under Corporate Surety(ies).
Enter the penal sum by millions, thousands, hundreds and cents, the contract date and number, and the option date and number. The Date Bond Executed box is labeled Must be same or later than date of contract.
Instruction 3(b) says a completed Affidavit of Individual Surety (Standard Form 28) for each individual surety shall accompany the bond, and the Government may require more information on financial capability.
Corporations affix their corporate seals. Individuals execute the bond opposite the word Corporate Seal and affix an adhesive seal if executed in Maine, New Hampshire or any other jurisdiction requiring adhesive seals. Each signer's name and title is typed.
Instruction 6 says that unless otherwise specified, the bond shall be submitted to the contracting office that awarded the contract.
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Instruction 6 says that unless otherwise specified, the bond shall be submitted to the contracting office that awarded the contract. The GSA address in the Paperwork Reduction Act statement is only for comments on the time estimate.
The Paperwork Reduction Act statement estimates 1 hour to read the instructions, gather the facts and answer the questions.
The top of the form prints OMB Control Number: 9000-0001 and Expiration Date: 1/31/2027.
Instruction 1 says the form is authorized for use in connection with Government contracts and that any deviation from it will require the written approval of the Administrator of General Services.
The footer says Authorized For Local Reproduction and Previous Edition Is Not Usable, and that the form is prescribed by GSA-FAR (48 CFR) 53.228(n).
U.S. General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street, NW, Washington, DC 20405.
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The face of the form and the instructions on page 3 name these parties.
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The footer says the form is prescribed by GSA-FAR (48 CFR) 53.228(n). GSA hosts a copy in its forms library.
Instruction 6 says that unless otherwise specified, the bond shall be submitted to the contracting office that awarded the contract.
The form says the guaranty for a base term covers the initial period of performance and any extensions excluding any options, and the guaranty for an option term covers the period of performance for the option being exercised and any extensions.
The form says 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.
Instruction 3(b) says a completed Affidavit of Individual Surety (Standard Form 28) for each individual surety shall accompany the bond.
The form prints blocks for Surety A to Surety G. Instruction 3(a) says that where more than one corporate surety is involved, their names and addresses go in those spaces.
The Paperwork Reduction Act statement estimates 1 hour to read the instructions, gather the facts and answer the questions.