1-7-Bid Bond.pdf

This is a Bid Bond document related to the Caernarvon Township 2026 Maintenance Project in Pennsylvania. The project involves approximately 23,500 square yards of single oil and chip surface treatment on Swamp Road. Bids must be submitted by 10:00 am on April 30, 2026, with all project information available through PennBid at https://pennbid.bonfirehub.com/. The work must be completed within seventy-five (75) calendar days following receipt of the Notice to Proceed, which is anticipated for June 9, 2026. Proposals will remain effective for forty-five (45) calendar days from the date of opening. Bidders are required to be PennDOT prequalified, and prevailing wages are not required for this contract.

Each proposal must be accompanied by Proposal Security equal to ten percent (10%) of the total proposal amount. The Caernarvon Township Board of Supervisors reserves the right to accept or reject any or all proposals or portions thereof. Certain project portions may be modified or eliminated due to budget limitations. This bid bond serves as a security instrument to ensure bidder compliance and performance throughout the procurement process.