D.C. Mun. Regs. r. 27-2708
Agencies shall obtain adequate security for bonds (including coinsurance and reinsurance agreements), required or used with a contractor for goods or services, including construction.
A bond security may be obtained from a corporate or individual surety, provided that an individual surety shall not be used for any construction contract in excess of one hundred thousand dollars ($100,000).
Each corporate surety shall be a company authorized to do business in the District of Columbia.
The contracting officer shall determine the acceptability of all individuals proposed as sureties.
At least two (2) individual sureties shall be required to execute a security. The net worth of each individual surety shall equal or exceed the amount of the security.
When determining the acceptability of an individual surety, the contracting officer shall consider the number and amounts of other bonds upon which a proposed individual surety is bound, and the status of the contracts for which those securities were furnished.
Each individual surety shall execute an affidavit of financial responsibility on a form prescribed by the Director.
In accordance with § 2 of the Act of June 11, 1878, D.C. Code § 1-301 (1981), no person, corporation, partnership, or other entity shall act as a surety under this chapter at any time during the period when that person, corporation, partnership, or other entity is a party to a contract with the District of Columbia.
D.C. Mun. Regs. r. 27-2708