1-00 43 13 Bid Bond 106066.pdf

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BID BOND

CITY OF FORT WORTH SMALL DIAMETER WATER MAIN EXTENSIONS,

STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS REPLACEMENTS & RELOCATIONS CONTRACT 2025 Revised 9/30/2021 City Project No. 106066

BY:

SECTION 00 43 13

BID BOND

KNOW ALL BY THESE PRESENTS:

That we, , known as "Bidder" herein and a corporate surety duly authorized to do business in the State of Texas, known as “Surety” herein, are held and firmly bound unto the City of Fort Worth, a municipal corporation created pursuant to the laws of Texas, known as “City” herein, in the penal sum of five percent (5%) of Bidder’s maximum bid price, in lawful money of the United States, to be paid in Fort Worth, Tarrant County, Texas for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

WHEREAS,the Principalhassubmitted a bid or proposal toperform Work for the following project designated as: Small Diameter Water Main Extensions, Replacements & Relocations Contract 2025 - City Project No. 106066

NOW, THEREFORE, thecondition of this obligation is such that if the City shall award the Contract for the foregoing project to the Principal, and the Principal shall satisfy all requirements and conditions required for the execution of the Contract and shall enter into the Contract in writing with the City in accordance with the terms of such same, then this obligation shall be and become null and void.

If, however, the Principal fails to execute such Contract in accordance with the terms of same or fails to satisfy all requirements and conditions required for the execution of the Contract, this bond shall become the property of the City, without recourse of the Principal and/or Surety, not to exceed the penalty hereof, and shall be used to compensate City for the difference between Principal’s total bid amount and the next selected bidder’s total bid amount.

PROVIDED FURTHER, that if any legal action be filed on this Bond, venue shall lie in Tarrant County, Texas or the United States District Court for the Northern District of Texas, Fort Worth Division.

IN WITNESS WHEREOF, the Principal and the Surety have SIGNED and SEALED this instrument by duly authorized agents and officers on this the day ________ of ________________, 2025.

PRINCIPAL:

Signature

ATTEST:

Witness as to Principal Name and Title

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BID BOND

CITY OF FORT WORTH SMALL DIAMETER WATER MAIN EXTENSIONS,

STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS REPLACEMENTS & RELOCATIONS CONTRACT 2025 Revised 9/30/2021 City Project No. 106066

Address: _________________________________

SURETY:

BY: ____________________________________

Signature

Name and Title

Address: _________________________________

Witness as to Surety Telephone Number: _____________________ Email Address: ________________________

Attach Power of Attorney (Surety) for Attorney-in-Fact

*Note: If signed by an officer of the Surety Company, there must be on file a certified extract from the bylaws showing that this person has authority to sign such obligation. If Surety’s physical address is different from its mailing address, both must be provided. The date of the bond shall not be prior to the date the Contract is awarded.

END OF SECTION