1-83250-126-1-TR-26 Bid Bond Form.pdf
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- Delaware County, Pennsylvania
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This is a Bid Bond Form template for state and local construction projects in Pennsylvania, specifically applicable to Nether Providence Township's infrastructure improvement initiatives. The bond form establishes the financial security requirements for bidders submitting proposals for multiple projects, including the Houston Park - Beatty Run Bridge Improvements (bids due September 23, 2025, with public opening September 25, 2025), CDBG Hepford Park Improvements (bids due May 27, 2026, with public opening May 28, 2026), and Houston Park Trail Improvements involving 2,465 linear feet of trail construction (bids due June 10, 2026, with public opening June 11, 2026). Each project requires bidders to submit bids online via the PennBid Program and involves restoration and improvement work to township parks and infrastructure. Contract performance periods are specified as 90 consecutive calendar days from Notice to Proceed for the bridge project, with liquidated damages of $500 per calendar day for delays beyond the completion date.
The bid bond form requires security in the amount of 10 percent of the total bid amount, made payable to Nether Providence Township. Successful bidders must provide performance bonds and payment bonds for 100 percent of the contract price, along with one-year maintenance bonds for 10 percent of the contract price. All projects require compliance with Pennsylvania prevailing wage rates, Public Works Employment Verification Act requirements, and federal provisions including equal opportunity and non-discrimination regulations. The successful bidder must also pay the PennBid Program a fee of one-third of one percent of the contract award value, with a minimum fee of $150 and maximum of $6,000. Projects are funded through Nether Providence Township, and bidders must demonstrate financial stability, relevant experience, and capability to perform the required work, including submission of financial statements and subcontractor declarations.
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Text version
00310-1
SECTION 00310
BID BOND
KNOW ALL MEN BY THESE PRESENTS, THAT WE, as PRINCIPAL, and as SURETY, are held and firmly bound unto the (hereinafter called the OWNER), in the penal sum of ($ ) lawful money of the United States, for payment of which sum well and truly to be made, we bond ourselves, our heirs, executors, administrators and successors, jointly and severally, firmly by these presents.
THE CONDITION OF THE OBLIGATION IS SUCH that whereas the Principal has submitted the accompanying Bid dated for .
NOW, THEREFORE, if the Principal shall not withdraw said Bid within the time specified therein after the opening of the same, and shall within 10 days after the Principal is notified by the Owner of the award of such Contract to him, enter into a written contract with the Owner, in accordance with the Bid as accepted; and give bond with good and sufficient surety or sureties as may be required for the faithful performance and proper fulfillment and labor supplied, if required in said Contract; or in event of the withdrawal of said Bid within the period specified, or the failure to enter into such Contract and give such bonds within the time specified if the Principal shall pay the Owner the difference between the amount specified in said Bid and the amount for which the Owner may procure the required materials or supplies, or both, if the latter amount of the former, together with any other expenses and costs that may have been incurred by the Owner, then the above obligation shall be void and of no effect, otherwise to remain in full force and virtue.
IN WITNESS WHEREOF, the above bonded parties have executed this instrument under their several seals this day of , 20 , the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body.
WITNESSED BY:
(Individual Principal) (Name of Partner)
(Business Address)
ATTEST:
(Corporate Principal) (Corporate Surety)
By:
(Business Address)
SEAL
(Power of Attorney for person signing for Surety Company must be attached to Bond.)
CERTIFICATE AS TO CORPORATE PRINCIPAL
I, , certify that I am the Secretary of the corporation as Principal in the within bond; and that who signed the said bond on behalf of the Principal was then the of said corporation; that I know his signature, and his signature thereto is genuine;
and that said bond was duly signed, sealed and attested to for an in behalf of said corporation by the authority of its governing body.
(Corporate Seal)
We, the undersigned, will provide as Principal, a Performance and Payment Bond on the form provided, to the Owner in the penal sum of the Principal's bid for
(Surety)
(Address) Date:
Signed:
(Attorney-in-fact)
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