15-013 Bid Bond.pdf
PDF 77 KB Posted
- Attached to
- 26005663 U26-01 Utility Extension Program 07
- Solicitation number
- 26005663
- Issued by
- Mason County, Texas
About this file
This Bid Bond document, issued by the State of Texas, County of Midland, pertains to the City of Midland's Utility Extension Program 07 project. The bid bond serves as a surety instrument requiring the principal contractor and surety to bind themselves jointly and severally to the City of Midland in an amount to be specified in dollars. The document establishes the conditions under which the principal agrees to faithfully enter into the written contract for construction services related to the furnishing of materials and labor for Utility Extension Program 07, along with miscellaneous and appurtenant work.
The bid bond specifies that if the principal withdraws its bid after opening and before official rejection, or if successful in securing the contract award but fails to enter into the contract and furnish satisfactory Performance and Payment Bonds, the City of Midland is entitled to collect the full bid bond amount as liquidated damages. Venue for any legal action regarding the bond is established in Midland County, Texas. The document requires execution by both the principal and surety, with approval as to form by the City Attorney, and necessitates attachment of a Power of Attorney Form. The bid bond form was revised in June 2026.
View the file
Other files
Show all 27
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
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 Utility Extension Program 07 .
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 June 2026
Bid bond
File details come from the government source that posted it. Updated .