48 CFR § 28.203-2 - 28.203-2 Substitution of assets.
---
identifier: "/us/cfr/t48/s28.203-2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 28.203-2 - 28.203-2 Substitution of assets."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "28.203-2"
section_name: "28.203-2 Substitution of assets."
chapter_number: 1
chapter_name: "FEDERAL ACQUISITION REGULATION"
subchapter_number: "E"
subchapter_name: "GENERAL CONTRACTING REQUIREMENTS"
part_number: "28"
part_name: "BONDS AND INSURANCE"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113."
regulatory_source: "48 FR 42286, Sept. 19, 1983, unless otherwise noted."
cfr_part: "28"
---
# 28.203-2 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.
[86 FR 3685, Jan. 14, 2021]