10-Attachment F-3 - Bid Bond.pdf

BB. 1

C of D-108-BO (8-78)

B I D B O N D

City of Detroit

Construction Bid/Proposal

RFP/RFQ Number

Principal Date of Bid

Surety Date Bond Executed

Amount of Bond (express in words and figures)

KNOW ALL MEN BY THESE PRESENTS:

WHEREAS, The Principal above named has submitted to the City of Detroit, Michigan, a municipal corporation, hereinafter called the City, a proposal or bid, dated as shown above, on the above numbered contract.

NOW THEREFORE, We the Principal and Surety, bind ourselves to the City in the amount of the bond stated above, that if the above proposal is accepted, the Principal will promptly enter into contract in accordance with the proposal, otherwise the Principal and/or Surety will pay the amount stated above unto the City of Detroit as liquidated damages.

SIGNED AND SEALED on the date indicated above.

In Presence of: Witness

1. ______________________________________________

2.______________________________________________

3. ______________________________________________

4.______________________________________________ as to as to as to as to

Individual Principal

_______________________________________(L.S.)

_______________________________________(L.S.)

_______________________________________(L.S.)

_______________________________________(L.S.)

Attest

Corporate Principal

Business Address:

By:

AFFIX

CORPORATE

SEAL Title

Attest

Corporate Surety

Business Address:

By:

AFFIX

CORPORATE

SEAL Title

BB. 2

C of D-108-BO (8-78)

CERTIFICATE AS TO CORPORATE PRINCIPAL

I, _______________________________________________________________________________________, certify that

I am the ____________________________________________________________________________________ secretary

Of the corporation named as principal in the within bond:

that _________________________________________________________________________, who signed the said bond on behalf of the principal, was then ______________________________________________________________________ of said corporation; that I know his signature, and his signature thereto is genuine; and that said bond was duly signed, sealed and attested for and in behalf of said corporation by authority of its governing body.

______________________________ (CORPORATE)

( SEAL )

Instructions

1. This form shall be used for construction work wherever a Bid Bond is required. There shall be no deviation from this form except as authorized by the Corporation Counsel of the City of Detroit.

2. The surety on the bond may be any corporation licensed by the State of Michigan to act as surety and satisfactory to the City of Detroit.

3. The name, including full Christian name, and business or residence address of each individual party to the bond shall be inserted in the space provided therefor, and each party shall sign the bond with his usual signature on the line opposite the scroll seal.

4. If the principals are partners, their individual names shall appear in the space provided therefor, with the recital that they are partners composing a firm, naming it, and all the members of the firm shall execute the bonds as individuals.

5. If the principal as well as the surety is a corporation, the name of the state in which each is incorporated shall be inserted in the spaces provided therefor, and said instrument shall be executed and attested under corporate seal for each as indicated on the form.

6. The official character and authority of the person or persons executing the bond for the principal, if a corporation, shall be certified by the secretary or assistant secretary, according to the form herein provided. In lieu of such certificate, there may be attached to the bond copies of so much of the records of the corporation as will show the official character and authority of the officer signing, duly certified by the secretary or assistant secretary under the corporate seal, to be true copies.

7. The date of this bond must not be prior to the date of instrument in connection with which it is given.