DAFORMFILLABLE.COM | DA FORM 1622-1-R Fillable – Army Pubs 1622-1 PDF – When engaging in contracts involving the government, particularly with the Department of Defense, sureties are often required to assure the fulfillment of contractual obligations. DA FORM 1622-1-R, titled Affidavits Of Individual Sureties (LRA), is a critical document used in these situations. This article provides a comprehensive overview of the form, its importance, and its application, helping professionals and interested parties navigate its usage effectively.
DA FORM 1622-1-R – Affidavits Of Individual Sureties (LRA)
| Form Number | DA Form 1622-1-R |
| Form Title | Affidavits Of Individual Sureties (LRA) |
| Form Date | 07/1/1989 |
| Form Proponent | G-4 |
What is DA FORM 1622-1-R?
DA FORM 1622-1-R serves as a formal declaration by individual sureties, asserting their assets and overall financial health to back the contractual obligations made towards government projects. Published on July 1, 1989, by the G-4 proponent, the form remains an active and essential document in the administrative processes of government contracts.
Key Characteristics of the Form
- Publication Number: DA FORM 1622-1-R
- Form Title: Affidavits Of Individual Sureties (LRA)
- Publication Date: 07/01/1989
- Status: Active
- Security Classification: Unclassified
- Distribution Restriction: Approved for public release; unlimited distribution
Importance of Affidavits Of Individual Sureties
Establishing Trust and Security
The primary purpose of DA FORM 1622-1-R is to ensure that individuals acting as sureties possess the necessary assets to cover potential liabilities. This form is used to provide a sworn affidavit detailing the surety’s financial status, which instills confidence in the contractual arrangement from the government’s perspective.
Legal and Financial Reassurance
Using DA FORM 1622-1-R, the government can verify the credibility and solvency of the sureties, which is crucial for the security of government investments and the smooth execution of contracts. It ensures that all financial backings are legitimate and sufficient to cover any risks associated with the contract.
How to Use DA FORM 1622-1-R
Completing the Form
Individuals looking to serve as sureties must accurately and comprehensively fill out the DA FORM 1622-1-R. The form requires detailed information regarding the surety’s assets, liabilities, and other financial statements, which must be verified for accuracy and truthfulness.
Submission and Approval Process
After completion, the form must be submitted to the relevant department for review. Approval of the form indicates that the surety is qualified to back the governmental contracts, providing a layer of financial safety for government operations.
Conclusion
DA FORM 1622-1-R – Affidavits Of Individual Sureties (LRA) is a crucial document for individuals and businesses involved in government contracting. Understanding how to properly complete and utilize this form is essential for ensuring compliance with legal requirements and maintaining trust in the contractual process. By providing a solid foundation of suretyship, DA FORM 1622-1-R helps facilitate smooth and secure transactions between the government and its contractors.
Professionals looking to engage with government contracts should familiarize themselves with the requirements and stipulations of DA FORM 1622-1-R to ensure a successful partnership and uphold the standards expected by government entities.
DA FORM 1622-1-R Fillable – Army Pubs 1622-1-R PDF DOWNLOAD
