1-Bid Bond Form.pdf

PDF 2 MB Posted

Attached to
26B-057 NE 148th Terrace Bridge Repair
Solicitation number
26-057
Issued by
Marion County, Florida

About this file

Written by GovTribe AI ·

This is a Bid Bond Form used by Marion County Board of County Commissioners in Florida for Contract 26B-057 NE 148th Terrace Bridge Repair. The bid bond serves as a financial guarantee that a bidding contractor will enter into a contract with the County if their bid is accepted and will provide the required performance and payment bonds as specified in the contract documents. The project involves repair of the NE 148th Terrace Bridge, including temporary traffic control and detour, excavation and embankment work, restoration of damaged bridge elements, localized deck and surface repairs, and milling and resurfacing of existing pavement. The form requires contractors to identify the principal (contractor), surety company providing the bond, obligee (Marion County), and the bid amount in both written and numerical formats.

Contractors may submit either a bid bond or a cashier's check in lieu of the bid bond as part of their bid submission. If a cashier's check is submitted, payment from a minimum of the top three ranked firms will be held by Procurement Services until a contract is executed with the recommended firm and approved by the County. Firms are responsible for retrieving bond checks or providing courier information for return; requests for standard USPS delivery must be made in writing, with the County assuming no liability for lost or misdirected mail. The bond penalty amount shall not exceed the difference between the submitted bid amount and any larger amount the County may incur contracting with another party to perform the work if the principal fails to enter the contract as bid.

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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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