10-Bid Guaranty and Performance.pdf
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- Solicitation number
- 25/0348
- Issued by
- Harris County, Texas
About this file
This document outlines bid guaranty and performance/payment bond requirements for Harris County, Texas contracts. Bidders must submit a guaranty with each bid ensuring execution and furnishing of a performance and/or payment bond within ten days following contract award and receipt of the bond application form. The guaranty may be submitted as either an individual bid bond or a bank cashier's check, both payable to Harris County in an amount equal to 5% of the total bid value. If a bank cashier's check is submitted as guaranty, Harris County reserves the right to either hold the check until contract completion or require the contractor to provide a separate performance and/or payment bond.
The performance and/or payment bond must be executed by a surety company authorized to conduct business in Texas and shall equal the total amount of money to be paid by the County under the contract unless otherwise specified. The prescribed performance and/or payment bond application form must be obtained from Harris County and represents the only form the County will accept. All bond forms and related documents must be returned to the Harris County Office of the Purchasing Agent at 1111 Fannin Street, 12th Floor, Houston, TX 77002 within ten days of bid award, or Harris County may render the award ineffective. Written verification of bond validity from the contractor's surety must be received by the Office of the Purchasing Agent before any contract payments will be disbursed.
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BID GUARANTY AND PERFORMANCE/PAYMENT BOND
INFORMATION AND REQUIREMENTS
A guaranty shall be submitted with each bid that the bidder will execute and furnish a performance and/or payment bond within ten days after award of the contract and receipt of performance/payment bond application form. Guaranty may be submitted in either of these forms:
A. Individual bid bond payable to Harris County for 5% of the total amount of each separate bid, or
B. Bank cashier’s check payable to Harris County for 5% of the total amount of each separate bid.
If the successful bidder submits a bank cashier’s check as guaranty, Harris County may elect to hold the check until all provisions of the contract have been completed, or require the contractor to make a performance and/or payment bond. The performance and/or payment bond shall be in the amount equal to the amount of money to be paid by the County under the contract, unless otherwise stated, and shall be executed by a surety company authorized to do business in the State of Texas. The prescribed performance and/or payment bond application is available to the bidder from Harris County, and is the only form Harris County will accept.
If the performance and/or payment bond forms and related documents are not returned to the
Harris County Office of the Purchasing Agent, 1111 Fannin Street, 12th Floor, Houston, TX 77002, within ten days, Harris County has the right to render the award ineffective. Written verification of the validity of the bond shall be received by the Office of the Purchasing Agent from the contractor’s surety before any payments will be made.
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