004313_Bid_Bond.doc
DOC document 29 KB Posted
- Solicitation number
- 2024-403
- Issued by
- Collin County, Texas
About this file
This document is a Bid Bond for Invitation for Bid (IFB) 2024-403 issued by Collin County, Texas, for the Construction of Collin County Courthouse Fire Sprinkler Pipe Replacement project. The bid bond serves as a financial guarantee that the principal bidder will enter into a contract if awarded and provide necessary performance bonds. The estimated probable construction cost for this project is $415,750, indicating a significant infrastructure improvement project involving fire protection system upgrades at the county courthouse.
The bid bond details standard legal protections for the county, including provisions that the principal must execute the contract and provide required performance bonds, with liquidated damages applicable if the bidder fails to do so. The bond specifies that any legal actions related to the bond will have venue in the county, and requires a power of attorney to be attached. While specific bid submission or contract award dates are not explicitly stated in this document, the bond is part of the bidding process for a critical infrastructure improvement project aimed at enhancing fire safety systems in a county government facility.
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Other files
| File | Type | Posted |
|---|---|---|
| Construction,_Collin_County_Courthouse_Fire_Sprinkler_Pipe_Replacement_(Addendum_#5_Revision).pdf | ||
| Additional_Questions_and_Answers.pdf | ||
| 004547-Conflict_of_Interest.pdf | ||
| 005200_W-9_Form.pdf | ||
| Drawing_With_Notes.pdf | ||
| 005213_Construction_Agreement.docx | DOCX document | |
| 006111_Performance_Bond.doc | DOC document | |
| 004325_Product_Substitution_Request_Form.docx | DOCX document | |
| 2024-403_Specification_Bid_Book_Sealed.pdf | ||
| LEGAL_NOTICE-2024-403.pdf | ||
| 006113.16_Payment_Bond.doc | DOC document | |
| 006119_Maintenance_Bond.doc | DOC document | |
| Pre-bid_Q_and_A.pdf | ||
| Pre-bid_attendance_sheet.pdf |
Show all 14
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Text version
004313 BID BOND
STATE OF TEXAS
COUNTY OF COLLIN
KNOW ALL MEN BY THESE PRESENTS:
THAT
, a corporation organized and existing under the laws of the State of
, and fully authorized to transact business in the State of Texas, whose address is of the City of
County of
, and State of
,(hereinafter referred to as “Principal”), and
(hereinafter referred to as “Surety”, a corporation organized under the laws of the State of and authorized under the laws of the State of Texas to act as surety on bonds for principals, are held and firmly bound unto
(hereinafter referred to as “Owner”) and unto all persons, firms and corporations who may furnish materials for or perform labor upon the buildings, structures or improvements referred to in the attached Contract, , in the penal sum of
Dollars ($
) in lawful money of the United States, for the payment whereof, the said Principal and Surety bind themselves, and their heirs, administrators, executors, successors, and assigns, jointly and severally, firmly by these presents:
SIGNED, SEALED and DATED this day of
WHEREAS, the Principal is herewith submitting its proposal for IFB 2024-403, Construction, Collin County Courthouse Fire Sprinkler Pipe Replacement The condition of the above obligations are such that if the aforesaid Principal shall be awarded the Contract, the said Principal will, within the time required, enter into a Contract and give Bonds, if required, for the faithful performance of the Contract and the prompt payment for labor and materials in the prosecution thereof, then this obligation shall be null and void; otherwise the Principal and Surety will pay unto the OWNER the full penal sum hereof, as liquidated damages, it being difficult and impractical to determine accurately the actual amount of damages occurring to OWNER by reason of Principal’s failure to execute said Contract and Bonds.
PROVIDED FURTHER, that if any legal action be filed on this Bond, venue shall lie in
County, Texas.
The Resident Agent of the Surety for delivery of notice and service of process is:
Name:
Address:
Phone Number:
WITNESS
PRINCIPAL
Printed/Typed Name
Title:
Company:
WITNESS
SURETY
Printed/Typed Name
Title:
Company:
NOTE: CERTIFIED COPY OF POWER-OF-ATTORNEY SHOULD BE ATTACHED HERETO.
Revised 11/2008
File details come from the government source that posted it. Updated .