10-Exhibit H Bid Surety.pdf

This is a Bid Surety exhibit document for RFP 2026-07 issued by the Town of Hilton Head Island, South Carolina, for Northpoint/USPS Access Improvements. The bid surety requirement mandates that the successful contractor execute a contract and provide both performance and payment bonds within ten (10) business days from the contract commencement date. The document establishes that bidders must submit bid surety in the amount of five (5) percent of their total bid amount to secure their contractual obligations.

The bid surety may be submitted in the form of a bid bond and must be forfeited to the Town of Hilton Head Island as liquidated damages if the undersigned contractor fails to execute the required contract. The document provides space for the contractor to specify the dollar amount of the bid surety, which is calculated as five percent of the total bid price. Signature lines are included for the company representative, date, printed name, title, and witness to execute the bid surety agreement.