1-Bid Bond Form.pdf
PDF 2 MB Posted
- Solicitation number
- 26-096
- Issued by
- Marion County, Florida
About this file
This is a Bid Bond Form document for Marion County, Florida, specifically related to the 26B-096 Silver Creek and Silver Creek 1st Addition Road Improvement Project. The bid bond serves as a financial guarantee that a contractor will enter into a contract with Marion County Board of County Commissioners if their bid is accepted. The project involves reclaiming and resurfacing approximately 0.91 miles of subdivision local road sections within Silver Creek and Silver Creek 1st Addition, along with removal of high shoulders, sod application, thermoplastic striping, maintenance of traffic (MOT), and construction layout work. The form requires contractors to provide a bid bond or cashier's check as part of their bid submission, with the surety company guaranteeing the Principal's performance.
The bid bond penalty amount is to be specified by the contractor and serves as security that the Principal will execute a contract and provide required performance and payment bonds if their bid is accepted. In the event of bid non-performance, the County may recover the difference between the Principal's bid and any higher amount paid to another contractor, not to exceed the bond penalty. The form accommodates either a traditional bid bond executed by a surety company or a cashier's check submitted in lieu of the bond. Checks from the top three ranked firms will be held by Procurement Services until contract execution and County approval. Contractors are responsible for retrieving bond checks or arranging courier delivery, with written requests required for standard USPS return service, after which the County assumes no liability for lost or misdirected mail.
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Text version
FORM OF BID BOND
(Type full name of contractor)
(Type full name and address or legal title of Surety) as Surety, hereinafter
KNOW ALL MEN BY THESE PRESENTS, that I/we
(Type full name and address or legal title of Owner) as Principal, hereinafter called the Principal, and a corporation duly organized under the laws of the State called the Obligee, in the sum of (Type written Amount)
Dollars: ($ ), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a bid for (Type Bid Number and Title of project)
NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall-enter a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect.
Signed and sealed this day of , 20 .
(Principal) (Seal) (Witness)
(Surety) (Seal) (Witness)
In the event the firm has submitted a Cashier’s Check in lieu of the Bid Bond, payment from a minimum of the top three
(3) ranked firms (subject to change) shall remain in the custody of Procurement Services until a contract is executed with the recommended firm and approved by the County. Once notified, firms are responsible for picking up bond checks, or submitting a courier number (FedEx, UPS). Firms requesting Bid Bonds be returned by standard USPS delivery must request this service in writing via email or fax, relieving the County of all liability for lost or misdirected mail.
Acknowledged, Print Name, Date Signature of called the Surety, are held and firmly bound unto as Obligee, hereinafter
(Signature) (Type Name & Title)
(Signature) (Type Name & Title)
| Principal: |
| Surety: |
| Acknowledged Print Name Date: |
| Signature1_es_:signer:signature: |
| Company Address: |
| Company Address 1: |
| Company Address 2: |
| Address of Surety: |
| Select a State: [ ] |
| Name of Surety: |
| Name/Address of Owner: [Marion County Board of County Commissioners / 2631 SE 3rd Street, Ocala, FL 34471] |
| Dollar Amount: |
| Bid Number and Title of Project: |
| Day: |
| Month: |
| Year: |
| Company Name: |
| Witness Signature 1: |
| Witness Signature 2: |
| Principal Title: |
| Surety Title: |
| Written Amount: |
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