1-Exhibit A - Bid Bond Form.pdf

BID SECURITY 00.4313 - 1

GYMNASIUM FLOOR RESURFACING

MONTGOMERY COUNTY COMMUNITY COLLEGE

EXHIBIT – A BID SECURITY

The Bid Security utilized for this project shall be a "Bid Bond", accompanied by the form included herein in the following pages. Reference the Instructions to Bidders for the execution of this document.

END OF DOCUMENT

BID BOND FORM 00.4313 - 1

BID BOND FORM

KNOW ALL MEN BY THESE PRESENTS that we, (hereinafter called the “Principal”), and , a corporation authorized to transact business in Pennsylvania, and having its principal office at

(hereinafter called the “Surety”), as Surety, are held and firmly bound unto the MONTGOMERY COUNTY COMMUNITY COLLEGE (hereinafter called the “Obligee”), as Obligee, in the sum of

Dollars ($ ) lawful money of the United States of America, for payment of which we bind ourselves, and each of our respective heirs, legal representatives, successors and assigns, jointly and severally, by these presents on this day of , 202__.

WHEREAS, said Principal is herewith submitting to the Obligee a bid to perform work for the Gymnasium Floor Resurfacing project at the Montgomery County Community College, in Whitpain Township, Montgomery County, Pennsylvania, pursuant to drawings, specifications, and other Contract Documents incorporated into said bid by reference;

and it is a condition of the Obligee’s receipt and consideration of said bid that such shall be accompanied by bid security to be held by the Obligee on terms embodied herein.

THEREFORE, the condition of this obligation is that if said Principal shall, in the event of acceptance of his bid by Obligee and within the period specified therefore in the bidding requirements, enter into a written agreement with the Obligee, in accordance with the bid as accepted, and give bonds with good and sufficient surety or sureties, as may be required for the faithful performance and proper fulfillment of such contract, in the form specified by the Owner, and furnish required verification forms and certificates of insurance and other insurance information, in all respects as required by the bidding requirements, then this obligation shall be void and of no effect, but otherwise it shall remain in full force. In the event of the failure to enter into such contract, give such bonds, and furnish such verification forms and certificates of insurance within the time specified, the Principal and Surety will pay to the Obligee the difference between the amount of the Principal’s accepted bid and any higher amount for which the Obligee may contract for the required work, as well as any advertising, architectural, legal and other costs incurred by the Obligee by reason of the default; provided, however, that the obligations of the Surety hereunder shall not exceed the amount of this Bid Security together with interest.

IN WITNESS WHEREOF, the Principal and Surety, intending to be legally bound, have executed this Bond the day and year aforementioned.

BID BOND FORM 00.4313-2

(Individual Principal) (SEAL) (Signature of Individual)

Witness: Trading and doing business as:

(Partnership Principal) (Name of Partnership)

Witness:

By: (SEAL)

By: (SEAL)

(Corporation Principal) (Name of Corporation)

Attest: By:

(Asst.) Secretary (Vice) President

(CORPORATE SEAL)

OR (if applicable)

Attest: *By:

Authorized Representative

*Attach appropriate proof, dated as of the same date as the bond, evidencing authority to execute on behalf of the corporation.

(Limited Liability Company Principal) (Name of Limited Liability Company)

Witness:

By: (SEAL) Managing Member

By: (SEAL) Member

By: (SEAL) Member

BID BOND FORM 00.4313-3

OR (if applicable)

(Name of Limited Liability Company)

Witness: **By:

Authorized Representative

**Attach appropriate proof, dated as of the same date as the bond, evidencing authority to execute on behalf of the corporation.

(CORPORATE SURETY)

Witness or Attest:

Name of Corporation

(CORPORATE SEAL)

***By:

Title

***Attach an appropriate Power of Attorney, dated as of the same date as the bond, evidencing the authority of the Attorney-in-Fact to act on behalf of the Corporation.