13-011 Bid Bond.pdf
PDF 176 KB Posted
- Solicitation number
- 27001046
- Issued by
- Mason County, Texas
About this file
This is a Bid Bond document for the City of Midland, Texas, related to Project P23-10 for paving, alley, streets, sidewalks, and bulb-out improvements. The project encompasses two separate locations under COMPASS 06, with the first location extending from Camp Street to Marienfeld Street and Industrial Avenue to Florida Avenue, and the second location from Lamesa Road to Madison Street and Orchard Lane to Davis Avenue. Additional work includes paving improvements along the Downtown Alley between Illinois Avenue and Texas Avenue, as well as the installation of bulb-outs along Main Street. The bid bond serves as a financial guarantee that the bidder will enter into a contract if awarded and will furnish the required performance and payment bonds as specified in the contract documents.
The bid bond establishes the bidder's financial commitment and obligation to perform the contracted work. The bond amount and specific terms are tied to the overall project requirements for furnishing materials and labor for the comprehensive paving and infrastructure improvements. This document represents a standard procurement requirement for public works projects in Texas, ensuring that qualified contractors demonstrate financial responsibility before award consideration.
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Text version
BidB 1
BID BOND
THE STATE OF TEXAS §
COUNTY OF MIDLAND § SURETY NO
KNOW ALL MEN BY THESE PRESENTS, THAT
(Hereinafter called the Principal), as
Principal, and
(Hereinafter called the Surety, as Surety, are held and firmly bound unto the City of Midland, Texas a home rule municipal corporation of Midland County, Texas, (hereinafter called the Obligee), in the amount of
Dollars
($ ) for the payment whereof the said Principal and surety bind themselves, and their heirs, administrators, executors, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a Bid or Proposal to enter into a certain written contract for the construction of City of Midland Paving, Alleys, Streets & Sidewalks 06 & Downtown Alley-1 Paving
Improvements & Bulb-out .
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall faithfully, enter into such written Contract, then this obligation shall be void; otherwise to remain in full force and effect.
IT IS EXPRESSLY UNDERSTOOD AND AGREE that if said Principal should withdraw its Bid anytime after such Bid is opened and before official rejection to such Bid or, if successful in securing the award thereof, said
Principal should fail to enter into the Contract and furnish satisfactory Performance Bond and Payment Bond, the Obligee, in either of such events, shall be entitled and is hereby given the right to collect the full amount of this Bid Bond as liquidated damage.
BidB 2
PROVIDED, further that if any legal action be filed upon this Bond venue shall lie in Midland County, Texas.
IN WITNESS WHEREOF, the said Principal and surety do sign and seal this instrument, this day of , 20 .
Principal Surety
By By
Address Address
APPROVED AS TO FORM:
City Attorney
NOTE: Attach Power of Attorney
Form Revised October 2026
Bid bond
File details come from the government source that posted it. Updated .