Neybor FAR Part 28

FAR Part 28 governs the bonds and insurance you must put in place to win and perform federal contracts. Subpart 28.1 sets out the bond rules: bid guarantees at 20% of bid (capped at $3M), Miller Act performance and payment bonds at 100% of contract price for construction over $150,000, an alternative-payment regime for construction between $35K and $150K, and special-purpose bonds for advance payments and patent indemnity. Subpart 28.2 defines who may serve as surety — corporations on Treasury Circular 570 or qualified individuals — and lists three substitutes (U.S. bonds, certified checks/cash, irrevocable letters of credit) when a surety isn't the right fit. Subpart 28.3 covers insurance: workers' comp under the Defense Base Act for overseas work, mandatory minimum coverages on cost-reimbursement contracts, and contractor-priced coverage on fixed-price work. The 52.228 clause family is your in-solicitation cheat sheet — search every solicitation for "52.228" and map each clause to a requirement. Reading the FAR is one thing. Pricing the right bond, choosing between an ILC and a corporate-surety bond, sizing your insurance program, and getting consent of surety on every modification under deadline pressure is another. Neybor Consulting helps GovCon teams turn Part 28 into a competitive advantage rather than a compliance burden. Ready to put this into practice? Visit neyborconsulting.com to book a one-on-one consultation — we work with first-time bidders securing their initial bid bond and established primes negotiating multi-million-dollar bonding facilities alike.