This is a legal form that was released by the U.S. General Services Administration on October 1, 1998 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form SF-1416?
A: Form SF-1416 is a Payment Bond for Other Than Construction Contracts.
Q: What is a payment bond?
A: A payment bond is a guarantee that the contractor will pay suppliers and subcontractors for their work on a project.
Q: When is Form SF-1416 used?
A: Form SF-1416 is used for contracts other than construction contracts, such as service contracts.
Q: Who needs to fill out Form SF-1416?
A: The contractor is responsible for filling out Form SF-1416.
Q: What information is required on Form SF-1416?
A: Form SF-1416 requires the contractor's name, address, and the names of suppliers and subcontractors.
Q: Is Form SF-1416 required by law?
A: Yes, Form SF-1416 is required by law for non-construction contracts over a certain value.
Q: Are there any penalties for not submitting Form SF-1416?
A: Failure to submit Form SF-1416 may result in the contractor being liable for payment to suppliers and subcontractors.
Download a fillable version of Form SF-1416 by clicking the link below or browse more documents and templates provided by the U.S. General Services Administration.