12-RFP C27-03 - Solicitation Form 5 - Bid Security Form.pdf
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- Solicitation number
- RFP C27-03 (ESPLOST)
- Issued by
- Chatham County, Georgia
About this file
This is a Bid Security Form for a solicitation issued by the Board of Public Education for the City of Savannah and the County of Chatham (SCCPSS) in Georgia for Construction Manager at Risk (CMR) Services related to RFP C27-03 for the Garden City Elementary School Renovation Project located at 4037 Kessler Ave, Savannah, GA 31408. The selected firm will enter into a Construction Management at Risk Agreement with the District using the AIA Document A133 - 2019 Agreement Between Owner and Construction Manager as Constructor, with payment structured as Cost of the Work Plus a Fee with a Guaranteed Maximum Price. The form establishes the requirement for bidders to provide bid security in the form of a bid bond.
The bid security amount must be no less than five percent of the submitted bid amount. The form requires the bidder to identify their legal name and address, as well as the surety's legal name, address, and state of corporate organization. The surety must execute the bond and provide a Power of Attorney. The bond obligates the principal and surety to either enter into a contract in accordance with the bid terms and provide required performance and payment bonds, or pay the difference between the bid amount and any higher contract amount awarded to another party, up to the bond amount. The form must be notarized and signed by an authorized representative of both the contractor and surety. The District notes that use of the surety's standard Bid Bond form is acceptable provided it substantially complies with the specified template.
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Text version
Based on SCCPSS Bid Security Form -Construction Bid Template-4/12/25
BOARD OF PUBLIC EDUCATION FOR THE CITY OF SAVANNAH AND THE COUNTY OF CHATHAM
SOLICITATION FORM 5
BID SECURITY FORM
KNOW ALL BY THESE PRESENTS, That we, {Insert Contractor’s Legal Name and Address} as Bidder, hereinafter called the Principal, and {Insert Legal Name and Address of Surety}, a corporation duly organized under the laws of the State of {Insert State of Corporate Organization}, as Surety, are held and firmly bound unto:
DISTRICT:
Attention:
Phone Number:
Facsimile Number:
as Obligee, hereinafter called the Obligee in the sum of ______________________________________________ (Not less than five percent of the Bid) Dollars ($ _______________________ ), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a Bid for: (ESPLOST) RFP C27-03 for Construction Manager at Risk (“CMR”) Services for Garden City Elementary School Renovation Project.
NOW, THEREFORE, if the Obligee shall accept the Bid of the Principal and (1) the Principal shall enter into a Contract with the Obligee in accordance with the terms of such Bid, and the Principal shall execute the Contract and give such bond or bonds as may be specified in the Bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) in the event of the failure of the Principal to enter such Contract and give such bond or bonds, and the Principal shall pay to the Obligee the difference not to exceed the difference hereof between the amount specified in said Bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said Bid; then this obligation shall be null and void, otherwise to remain in full force and effect.
Signed and sealed this _______ Day of _______________, 20___
Name of Contractor ______________________________________
By: [Insert Name of Contractor’s Principal] (Seal)
Title; __________________________________________
Name of Surety:
By: [Insert Name of Surety’s Agent] (Seal)(*)
Title: __________________________________________ (*) Attach Power of Attorney
Sworn to and subscribed before me this ________ day of __________________, 20____.
Notary Public
My Commission expires this __________ day of ________________________, 20_____
Solicitation Form 5
NOTE TO CONTRACTOR: Use of Surety’s standard Bid Bond form is acceptable as long as it substantially complies with the following form.
File details come from the government source that posted it. Updated .