13-Bid bonds.pdf

BID BOND WITH CERTIFIED OR CASHIER'S CHECK

KNOW ALL MEN BY THESE PRESENTS, that

(Name of Bidder)

(Address of Bidder) a , ("Principal"), is held and firmly bound unto the (Corporation, LLC, Partnership, or Individual)

(“OWNER”), in the penal sum of

Dollars ($ ) this sum being posted by delivery to the Owner, concurrently with this Bond, of a certified or cashier's check in said amount, this whereby the Principal does, jointly and severally, bind itself, its heirs, successors, administrators and assigns, by these presents.

THE CONDITION OF THIS OBLIGATION is such that, whereas the Principal has, by its Bid Proposal dated , offered to enter into a Contract with the Owner for

NOW, THEREFORE, if the Owner accepts the Bid Proposal of the Principal and the Principal enters into a Contract with the Owner in accordance with the terms of its Bid Proposal, gives such bonds as may be specified in the Bid Proposal and complies in all other respects with the requirements of the Contract Documents, or if the Principal shall pay to the Owner the difference, not to exceed the sum hereof, between the amount specified in its Bid Proposal and such larger amount for which the Owner may, in good faith, contract with another party to furnish the services or products covered by said Bid Proposal, then this obligation shall be null and void and the check referred to above shall be returned to the Principal.

In the event of the failure of the Principal to enter into such Contract and comply in all other respects with the requirements of the Contract Documents or, if the Principal shall fail to pay to the Owner such larger amount for which the Owner may, in good faith, contract with another party to furnish the services or products covered by said Bid Proposal, then the funds represented by the check referred to above, shall be retained by Owner and considered as forfeited by the Principal to it and no defense to such forfeiture shall be interposed by the Principal.

IN WITNESS WHEREOF, this Bond is executed by the Principal the day of , 20 .

WITNESS: PRINCIPAL: Individual or Partnership

(SEAL)

PRINCIPAL: Corporation or LLC

By

Title:

ATTEST:

(Corporate Seal)

CERTIFICATE OF CORPORATE OR LLC PRINCIPAL

I, , hereby certify that I am the of , Principal in the within Bond; that who executed said Bond on behalf of the Principal was then of said Corporation/Limited Liability Company; that I am familiar with his/her signature, that it is genuine and that said Bond was duly signed, sealed, and attested to, for and on behalf of said Corporation/Limited Liability Company, all by the proper Owner of its governing body.

(CORPORATE SEAL) Title:

(If Principal is a partnership, all partners must execute the Bond.)

BID BOND WITH CORPORATE SURETY

KNOW ALL MEN BY THESE PRESENTS, that

(Name of Bidder)

(Address of Bidder) a ,("Principal"), and

(Name of Surety)

(Address of Surety) are held and firmly bound unto the OWNER in the penal sum of Dollars ($ ) in lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our successors and assigns, jointly and severally, by these presents.

THE CONDITION OF THIS OBLIGATION is such that, whereas the Principal has, by its Bid Proposal dated , offered to enter into a Contract with the Owner for

NOW, THEREFORE, if the Owner accepts the Bid Proposal of the Principal and the Principal enters into a Contract with the Owner in accordance with the terms of its Bid Proposal, gives such bonds as may be specified in the Bid Proposal and complies in all other respects with the requirements of the Contract Documents, or if the Principal shall pay to the Owner the difference, not to exceed the sum hereof, between the amount specified in its Bid Proposal and such larger amount for which the Owner may, in good faith, contract with another party to furnish the services or products covered by said Bid Proposal, then this obligation shall be null and void.

In the event of the failure of the Principal to enter the Contract and give such bonds as are specified in the Bid Documents then this obligation shall remain in full force and effect and binding upon the Principal and its Surety and they shall be obligated to pay to the Owner the difference, not to exceed the penal sum hereof, between the amount specified in the Bid Proposal and such larger amount for which the Owner may, in good faith, contract with another party to furnish the services or products covered by said Bid Proposal.

PROVIDED FURTHER, that the said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the Bid Proposal or the Contract Documents shall, in any way, affect its obligation on this Bond and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the Bid Proposal or to the Contract Documents.

IN WITNESS WHEREOF, this Bond is executed by the Principal the day of , 20 .

WITNESS: PRINCIPAL(S): INDIVIDUAL OR PARTNERSHIP

PRINCIPAL: CORPORATE OR LLC

By:

Title:

ATTEST:

(CORPORATE SEAL)

CERTIFICATE OF CORPORATE OR LLC PRINCIPAL

I, hereby certify that I am the of , Principal in the within Bond;

that who executed said Bond on behalf of the Principal was then of said Corporation/Limited Liability Company; that I am familiar with his/her signature, that it is genuine and that said Bond was duly signed, sealed, and attested to, for and on behalf of said Corporation/Limited Liability Company, all by the proper Owner of its governing body.

(CORPORATE SEAL) Title:

CORPORATE SURETY:

ATTEST: By:

Attorney-in-Fact

Secretary

(CORPORATE SEAL)

ATTACH COPY OF POWER OF ATTORNEY OF CORPORATE SURETY

(If Principal is a partnership, all partners must execute the Bond.)

CERTIFICATE OF CORPORATE OR LLC PRINCIPAL