FAR 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.
Source: acquisition.gov — FAR
More parts
Have a solicitation to win?
Paste it into the free Contrax bid scorer — get an AI win-probability score with the FAR clauses that matter, in seconds. No signup required.