12-SCCPSS-Construction-Solicitation-Form-5-Bid-Security-Form-4-12-25 3.pdf
PDF 129 KB Posted
- Attached to
- SCCPSS Alternative Schools Renovations
- Solicitation number
- BID C26-08
- Issued by
- Chatham County, Georgia
About this file
This document is a Bid Security Form issued by the Board of Public Education for the City of Savannah and the County of Chatham, specifically for Bid #C26-08 Alternative Schools Renovations. The form serves as a legal instrument requiring a contractor to provide a bid bond, typically for 5% of the total bid amount, which guarantees that if the contractor is awarded the project, they will enter into the contract and provide necessary performance bonds. The bid is related to renovation work for alternative schools, though specific details about the renovation scope are not provided in this document.
The bid security form outlines the financial and legal obligations of both the principal (contractor) and the surety (bonding company). If the contractor fails to enter into the contract after being selected, they would be liable to pay the difference between their bid and the next lowest bidder's price. The form requires signatures from the contractor and a surety representative, and must be notarized. While the exact dollar amount of the project is not specified, the form indicates that the bid bond must be for no less than 5% of the total bid value, which provides financial protection for the school district in the bidding process.
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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: BID # C26-08 Alternative Schools Renovations
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 .