004313_Bid_Bond.pdf
PDF 118 KB Posted
- Solicitation number
- 2026-065
- Issued by
- Collin County, Texas
About this file
This is a Bid Bond document for Collin County, Texas, related to the Generator Replacement for Collin County Adult Detention Facility (CCADF) Cluster 1 project (Contract 2026-065). The bid bond serves as a surety instrument to guarantee that a bidder who is awarded the contract will execute the required performance and payment bonds within the specified timeframe. The bond binds the principal (bidding contractor), the surety company, and Collin County as the owner in a penal sum to be determined by the bidder's proposal submission. The document requires completion with the bidder's company information, the surety's resident agent details for service of process in Collin County, Texas, and certification of power-of-attorney documentation from the surety.
The bid bond template establishes that failure to execute the required contract and bonds upon award will result in forfeiture of the full penal sum as liquidated damages. The document is formatted as a standard Texas bid bond (revised November 2008) and requires signatures from authorized representatives of both the principal contractor and the surety company. All legal proceedings related to this bond shall be conducted in Collin County, Texas. The estimated project cost for the generator replacement contract is four hundred thousand dollars ($400,000.00), and this bid bond must accompany the sealed bid submission in accordance with Collin County's bidding requirements.
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Text version
004313 BID BOND
STATE OF TEXAS §
COUNTY OF COLLIN § KNOW ALL MEN BY THESE PRESENTS:
THAT , a corporation organized and existing under the laws of the State of , and fully authorized to transact business in the State of Texas, whose address is of the City of County of , and State of ,(hereinafter referred to as “Principal”), and
(hereinafter referred to as “Surety”, a corporation organized under the laws of the State of and authorized under the laws of the State of Texas to act as surety on bonds for principals, are held and firmly bound unto (hereinafter referred to as “Owner”) and unto all persons, firms and corporations who may furnish materials for or perform labor upon the buildings, structures or improvements referred to in the attached Contract, , in the penal sum of Dollars ($ ) 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 202 .
WHEREAS, the Principal is herewith submitting its proposal for __________________________________________________________.
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:
Address:
WITNESS SURETY
Printed/Typed Name Title:
Company:
Address:
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 .