12-04 Proposal Bond Form.pdf

330 KB Posted

Attached to
T5 Concessions RFP (Personal Services)
Solicitation number
0459-2026-05-RFP-230799
Issued by
Los Angeles County, California

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Written by GovTribe AI ·

This is a Bid Bond Form issued by the City of Los Angeles, Department of Airports, requiring bidders on airport concessions contracts to provide financial security. The bond form establishes a joint and several obligation between the principal bidder and an authorized surety licensed to transact business in California, binding them to the City of Los Angeles as obligee. The bond amount is set at ten percent (10%) of the aggregate amount bid by the principal. The bond secures the principal's commitment to enter into a contract and execute required performance and payment bonds within thirty (30) days after contract award by the Board of Airport Commissioners.

The bond serves as a penalty mechanism whereby the named obligors agree to pay the obligee the full ten percent (10%) of the bid amount as liquidated damages if the awarded principal fails or neglects to execute the contract and related bonds within the specified thirty-day period following award. All signatures on the bond form must be notarized, and corporate seals must be affixed by both the principal and surety. The surety's authorized attorney-in-fact must attach a power of attorney from the surety company to validate the bond. This bid bond form is applicable to the Terminal 5 Concessions RFP at Los Angeles International Airport, where proposals were due October 6, 2026, and requires bidders to demonstrate financial capacity and good faith commitment to performance.

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10-Exhibit 8 - T5 Concessions Draft Agreement 062926.pdf PDF
2-02 Submittal A - Administrative Requirements Packet.pdf PDF
11-03 Proposal Bond Delivery Instructions.pdf PDF
8-Exhibit 6 - Quantitative Approach.pdf PDF
9-Exhibit 7 - Terminal 5 Tenant Design Construction.pdf PDF
3-Exhibit 1 - Terminal 5 Packaging.pdf PDF
7-Exhibit 5 - Terminal 5 Big Idea.pdf PDF
6-Exhibit 4 - Terminal 5 Concessions Utility Matrix (20260529).pdf PDF
4-Exhibit 2 - Terminal 5 Overall Floor Plans (20260529).pdf PDF
5-Exhibit 3 - Terminal 5 Concessions Solicitation Exhibit (20260529).pdf PDF
1-01 T5 Concessions RFP.pdf PDF
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5/13/2010

BID BOND

(Not required if certified or cashier’s check accompanies the bid)

KNOW ALL MEN BY THESE PRESENTS

THAT WE, ___________________________________________________________________

as Principal, and _______________________________________________, authorized and licensed to transact business in the State of California, as Surety, do hereby acknowledge ourselves to be held and obligated as joint Obligors to the CITY OF LOS ANGELES, DEPARTMENT OF AIRPORTS, as Obligee, in the sum of ten percent (10%) of the aggregate amount bid by the principal. Said Principal and Surety do hereby bind themselves, their heirs, executors, administrators, successors, and assigns, jointly and severally by this bond.

WHEREAS, said Principal is about to submit to the Executive Director of the Department of Airports of the city of Los Angeles the foregoing bid or proposal for performance of the work therein mentioned, which includes the furnishing of all materials in compliance with the specifications and plans, if any, under the Notice Inviting Bids/Proposals from said Executive Director.

NOW, THEREFORE, if the bid or proposal of the Principal is accepted and awarded to said Principal by the Board of Airport Commissioners and if said Principal fails or neglects to enter into a contract and/or to execute the required bonds in connection with the contract within thirty (30) days after the contract is awarded to said Principal, then, the above-named Obligors shall pay to said Obligee the aforementioned sum of ten percent (10%) of the aggregate amount bid, as liquidated damages for such failure or neglect.

THIS AGREEMENT shall be binding on the Principal and Surety executing the same, their legal representatives, successors, and assigns.

EXECUTED this ________________________day of ___________________, 200____.

(CORP.SEAL)

PRINCIPAL

By_________________________________

Signature/Title

By_________________________________

Signature/Title

SURETY

(CORP. SEAL) By_________________________________ Notary Attorney-in-Fact

NOTE: ALL SIGNATURES MUST BE NOTARIZED AND CORPORATE SEALS AFFIXED TO

THIS BOND. ATTORNEY-IN-FACT MUST ATTACH A POWER OF ATTORNEY FROM THE

SURETY.

Instructions for Bid Bond
Bid Bond
as Principal and:
authorized:
and licensed to transact business in the State of California as Surety do hereby acknowledge:
day of:
200:
undefined:
PRINCIPAL:
SURETY:
AttorneyinFact:

File details come from the government source that posted it. Updated .