11-Exhibit G Bid Surety.pdf

This is a Bid Surety exhibit document for the Town of Hilton Head Island, South Carolina, related to the Fire Rescue Headquarters Generator procurement (IFB 2026-05). The exhibit establishes the bidding surety requirements for contractors submitting sealed bids to provide and install a diesel generator and automatic transfer switch at the Fire Rescue Headquarters Campus located at 10 Park Lane, Hilton Head Island, South Carolina. The bid surety must be provided in the form of a bid bond and is required in an amount equal to five percent of the total amount bid. Contractors must execute the contract and provide performance and payment bonds within ten business days from the commencement date of the executed contract.

The bid surety serves as security for the bidder's obligations under the agreement. If a bidder fails to execute the contract as required, the surety amount will be forfeited to the Town of Hilton Head Island as liquidated damages for such failure. The document requires the bidder's authorized representative to sign and date the exhibit, providing printed name, title, and a witness signature to authenticate the bid surety commitment.