SF 1418 Performance Bond for Other than Construction Contracts

Performance Bond For Other Date Bond Executed (Must be
Than Construction Contracts same or later than date of contract)
(See Instructions on Page 3)

OMB Control Number: 9000-0001
Expiration Date: 1/31/2027

Principal (Legal name and business address)

Type of Organization ("X" one)
Partnership
Individual
Joint Venture
Corporation
State of Incorporation

Surety(ies) (Name(s) and business address(es))

Penal Sum of Bond
Million(s) Thousand(s) Hundred(s) Cents
Contract Date

Contract Number

Option Date

Option Number

Obligation:
We, the Principal and Surety(ies), are firmly bound to the United States of America (hereinafter called the
Government) in the above penal sum. For payment of the penal sum, we bind ourselves, our heirs,
executors, administrators, and successors, jointly and severally. However, where the Sureties are
corporations acting as co-sureties, we, the Sureties, bind ourselves in such sum "jointly and severally" as
well as "severally" only for the purpose of allowing a joint action or actions against any or all of us. For all
other purposes, each Surety binds itself, jointly and severally with the Principal, for the payment of the sum
shown opposite the name of the Surety. If no limit of liability is indicated, the limit of liability is the full
amount of the penal sum.
Conditions:
The Principal has entered into the contract identified above.
Therefore:
The above obligation is void if the Principal: (1) Performs and fulfills all the undertakings, covenants, terms,
conditions, and agreements of the contract during either the base term or an optional term of the contract
and any extensions thereof that are granted by the Government, with or without notice to the Surety(ies),
and during the life of any guaranty required under the contract, and (2) performs and fulfills all the
undertakings, covenants, terms, conditions, and agreements of any and all duly authorized modifications of
the contract that hereafter are made. Notice of those modifications to the Surety(ies) is waived.
The guaranty for a base term covers the initial period of performance of the contract and any extensions
thereof excluding any options. The guaranty for an option term covers the period of performance for the
option being exercised and any extensions thereof.
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.
Witness:
The Principal and Surety(ies) executed this performance bond and affixed their seals on the above date.
Authorized For Local Reproduction
Previous Edition Is Not Usable

STANDARD FORM 1418 (REV. 10/2023)
Prescribed by GSA-FAR (48 CFR) 53.228(n)

Principal
Signature(s)

1.

2.

Surety E

Surety D

Surety C

Surety B

Surety A

Name(s) and 1.
Title(s)
(Typed)
Individual Surety(ies)
Signature(s) 1.
Name(s)
1.
(Typed)
Corporate Surety(ies)
Name and
Address

Signature(s) 1.
Name(s)
and Title(s)
(Typed)

1.

Name and
Address

Signature(s) 1.
Name(s)
and Title(s)
(Typed)

1.

Name and
Address

Signature(s) 1.
Name(s)
and Title(s)
(Typed)

1.

Name and
Address

Signature(s) 1.
Name(s)
and Title(s)
(Typed)

1.

Name and
Address

Signature(s) 1.
Name(s)
and Title(s)
(Typed)

1.

(Seal)

(Seal)

2.

(Seal)

2.
2.

State of Incorporation Liability Limit
$
2.
2.

State of Incorporation Liability Limit
$
2.
2.

State of Incorporation Liability Limit
$
2.
2.

State of Incorporation Liability Limit
$
2.
2.

State of Incorporation Liability Limit
$
2.
2.

Corporate
Seal

(Seal)

Corporate
Seal

Corporate
Seal

Corporate
Seal

Corporate
Seal

Corporate
Seal

STANDARD FORM 1418 (REV. 10/2023) PAGE 2

Surety F
Surety G

Name and
Address

State of Incorporation Liability Limit
$
2.

Signature(s) 1.
Name(s)
and Title(s)
(Typed)

1.

2.

Name and
Address

State of Incorporation Liability Limit
$
2.

Signature(s) 1.
Name(s)
and Title(s)
(Typed)

1.

2.

Bond
Premium

Corporate
Seal

Corporate
Seal

Rate Per Thousand ($) Total ($)

Instructions
1. This form is authorized for use in connection with Government contracts. Any deviation from this
form will require the written approval of the Administrator of General Services.
2. Insert the full legal name and business address of the Principal in the space designated "Principal"
on the face of the form. An authorized person shall sign the bond. Any person signing in a
representative capacity (e.g., an attorney-in-fact) must furnish evidence of authority if that
representative is not a member of the firm, partnership, or joint venture, or an officer of the
corporation involved.
3. (a) Corporations executing the bond as sureties must appear on the Department of the Treasury's list
of approved sureties and must act within the limitation listed therein. Where more than one
corporate surety is involved, their names and addresses shall appear in the spaces (Surety A,
Surety B, etc.) headed "Corporate Surety(ies)." In the space designated "Surety(ies)" on the face
of the form, insert only the letter identification of the sureties.
(b) Where individual sureties are involved, a completed Affidavit of Individual Surety (Standard Form
28) for each individual surety, shall accompany the bond. The Government may require the surety
to furnish additional substantiating information concerning their financial capability.
4. Corporations executing the bond shall affix their corporate seals. Individuals shall execute the bond
opposite the word "Corporate Seal", and shall affix an adhesive seal if executed in Maine, New
Hampshire, or any other jurisdiction requiring adhesive seals.
5. Type the name and title of each person signing this bond in the space provided.
6. Unless otherwise specified, the bond shall be submitted to the contracting office that awarded the
contract.
STANDARD FORM 1418 (REV. 10/2023) PAGE 3

Paperwork Reduction Act Statement - This information collection meets the requirements of 44 USC § 3507,
as amended by section 2 of the Paperwork Reduction Act of 1995. You do not need to answer these
questions unless we display a valid Office of Management and Budget (OMB) control number. The OMB
control number for this collection is 9000-0001. We estimate that it will take 1 hour to read the instructions,
gather the facts, and answer the questions. Send only comments relating to our time estimate, including
suggestions for reducing this burden, or any other aspects of this collection of information to: U.S. General
Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street, NW, Washington, DC
20405.

STANDARD FORM 1418 (REV. 10/2023) PAGE 4