15-z10 - COM MPL Bid Bond.pdf

1 MB Posted

Attached to
Milwaukee Public Library - Midtown Project
Solicitation number
MPL-25-013
Issued by
Milwaukee County, Mattoon Village, Wisconsin

About this file

Written by GovTribe AI ·

This document is a Licensed Surety Corporation Bid Bond issued by the City of Milwaukee, Wisconsin, and the Board of Trustees of the Milwaukee Public Library. The bid bond is a standard form that provides financial security for a potential contract, ensuring that the bidding company will execute the contract as proposed if awarded. The document outlines the conditions under which the bond will be voided or remain in effect, specifically if the principal (bidder) executes the contract in quadruplicate, with an approved licensed surety corporation, and returns it to the Board's office within the specified time limit.

The bid bond does not specify the exact project details, monetary amount, or specific work to be performed, as key sections are left blank. The document is a template that would be filled out with specific project information at the time of bidding. It includes spaces for the bidder's information, surety company details, date of proposal, and signature lines for the bidder and surety witnesses. The bond is designed to protect the City of Milwaukee and the Milwaukee Public Library by ensuring the bidder's commitment to the proposed contract terms.

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CITY OF MILWAUKEE, WISCONSIN

THE BOARD OF TRUSTEES, MILWAUKEE PUBLIC LIBRARY

LICENSED SURETY CORPORATION BID BOND

PLEASE BE INFORMED, That we, of (Street and Number) (City) (State) as principal and of (Home Office) as surety are held and firmly bound unto the City of Milwaukee, Wisconsin, hereinafter called City, and the Board of

Trustees, Milwaukee Public Library, hereinafter called Board, the penal sum of

Dollars, to be paid to said Board, its successors and assigns, for which payment well and truly to be made, we bind ourselves, and our heirs, executors, and administrators, or successors and assigns, as the case may be, jointly and severally, firmly by these presents.

WHEREAS, the above bounden principal is making a proposal in writing dated

, 20 , to the Board of Trustees, Milwaukee Public Library, according to Official Notice dated

, 20 , of said Board for furnishing all material, equipment, labor and everything necessary for the completion of the work of...

according to plans, specifications and the other contract documents on file in the office of said Board, a copy of which proposal is by reference made a part hereof, and the said proposal is accompanied with this bond.

NOW, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the above bounden principal shall execute the contract in quadruplicate, in accordance with the proposal as accepted, with approved licensed surety corporation bound thereto for the faithful performance and proper fulfillment of such contract, and return the same to the office of said Board within the time limit specified in said proposal, then the above obligation shall be void, otherwise it shall be and remain in full force and effect.

In witness whereof, the above bounden parties have executed this instrument under their several seals at Milwaukee, Wisconsin, this day of ,20 ., the name and corporate seal of each corporate party being hereto affixed and this instrument signed by its duly authorized representative.

Bidder Witnesses (Seal) (Bidder)

By (Name and Title)

Surety Witnesses

(Surety)

By

(Attorney-in-Fact or Agent)

(Seal of Surety)

Bidder:
Surety:
AttorneyinFact or Agent:
Company:
Company Continued:
Address:
Home Office:
Sum:
Sum Continued:
Month:
Day:
Year:
Month Day 2:
Year 2:
Day 3:
Month 3:
Year 3:
Bidder Witness 1:
Bidder Witness 2:
Name:
Title:
Surety Witness 1:
Surety Witness 2:

File details come from the government source that posted it. Updated .