Exclusion reference
Excluded by a Federal agency from acting as an individual surety
Code
CCExcluded by a Federal agency from acting as an individual surety pursuant to FAR 28.203-7 for one or more of the following causes: failure to fulfill the obligations under any bond; failure to disclose all bond obligations, misrepresentation of the value of available assets or outstanding liabilities; false or misleading statement, signature or representation on a bond or affidavit of individual suretyship, or any other cause affecting responsibility as a surety of such serious and compelling nature as may be determined to warrant exclusion.
Bonds shall not be accepted from listed party unless the acquiring agencies head or designee determines that there is a compelling reason to do so. The listed party is also precluded from acting as a contractor as defined at Definitions (FAR 9.403). The exclusion will terminate on the date shown.
Historical guidance: legal citations and thresholds may have changed. Check the current rule and issuing agency.
Record identifier
legacy-cc