BID BOND.pdf

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MDC BROOKLYN - REMOVE AND REPLACE SHOWER PARTITIONS
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15BBR026Q00000026
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About this file

This is Standard Form 25A, a Payment Bond form (Revised 10/2023) prescribed by GSA-FAR regulations for federal contracts. The form is used to protect persons supplying labor and material on federal construction and service contracts required under 40 USC Chapter 31, Subchapter III, Bonds.

The form requires the Principal (contractor) and one or more corporate or individual sureties to bind themselves jointly and severally to the United States government for payment of the penal sum (bond face value). The Principal must provide full legal name and business address, specify organization type (Individual, Corporation, Partnership, Joint Venture, or Other), and identify the state of incorporation. The bond execution date must be the same or later than the contract date. Multiple corporate sureties may be involved with allocated liability limits totaling 100% of the bond penal sum; each must appear on the Department of Treasury's list of approved sureties and act within specified limitations. Individual sureties must submit a completed Standard Form 28 (Affidavit of Individual Surety) with the bond. The bond obligation becomes void only if the Principal makes prompt payment to all persons having a direct relationship with the Principal or subcontractors for labor and material furnished in contract performance, with notice of contract modifications to sureties waived. Corporations must affix corporate seals; individuals in Maine, New Hampshire, or other jurisdictions requiring adhesive seals must affix them. All signatories must type their names and titles. The OMB control number is 9000-0001 with an expiration date of 1/31/2027, and the estimated completion time is one hour.

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Text version

Authorized For Local Reproduction Previous Edition Is Not Usable

Corporate Seal

Liability LimitName & Address

Name(s) & Title(s) (Typed)

Su re ty A

Payment Bond (See Instructions On Page 3)

Date Bond Executed (Must be same or later than date of contract)

Principal (Legal name and business address) Type Of Organization ("X" one)

State Of Incorporation

Million(s)

Contract Date Contract Number

Thousand(s) Hundred(s) Cents Penal Sum Of BondSurety(ies) (Name(s) and business address(es))

Obligation:

Conditions:

Witness:

We, the Principal and Surety(ies), are firmly bound to the United States of America (hereinafter called the Government) in the above penal sum. For payment of the penal sum, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally. However, where the Sureties are corporations acting as co-sureties, we, the Sureties, bind ourselves in such sum "jointly and severally" as well as "severally" only for the purpose of allowing a joint action or actions against any or all of us. For all other purposes, each Surety binds itself, jointly and severally with the Principal, for the payment of the sum shown opposite the name of the Surety. If no limit is indicated, the limit of liability is the full amount of the penal sum.

The above obligation is void if the Principal promptly makes payment to all persons having a direct relationship with the Principal or a subcontractor of the Principal for furnishing labor, material or both in the prosecution of the work provided for in the contract identified above, and any authorized modifications of the contract that subsequently are made. Notice of those modifications to the Surety(ies) are waived.

The Principal and Surety(ies) executed this payment bond and affixed their seals on the above date.

Principal

Individual Surety(ies)

Corporate Surety(ies)

OMB Control Number: 9000-0001 Expiration Date: 1/31/2027

Signature(s)

Name(s) & Title(s) (Typed)

Signature(s) Name(s) (Typed)

Signature(s)

1.

(Seal)

(Seal)

2.

(Seal)

(Seal)

3.

2.

2.

2.

2.

2.

3.

(Seal)

1.

1.

1.

1.

1.

State Of Incorporation

Corporate Seal

STANDARD FORM 25A (REV. 10/2023)

Prescribed by GSA-FAR (48 CFR) 53.228(c)

Individual Other (Specify)Corporation Partnership Joint Venture

Corporate Seal

Corporate Seal

STANDARD FORM 25A (REV. 10/2023) PAGE 2

Corporate Surety(ies) (Continued)

Su re ty D

Su re ty E

Su re ty G

Name & Address Signature(s) Name(s) & Title(s) (Typed)

Name & Address Signature(s) Name(s) & Title(s) (Typed)

1.

1.

1.

1.

2.

2.

2.

State Of Incorporation Liability Limit

2.

State Of Incorporation Liability Limit

Corporate Seal

Liability Limit

2.

2.

State Of Incorporation

1.

1.

Name(s) & Title(s) (Typed)

Signature(s)

Name & Address

Su re ty F

2.

2.

Liability LimitState Of Incorporation

1.

1.

Name(s) & Title(s) (Typed)

Signature(s)

Name & Address

Corporate Seal

Corporate Seal

2.

2.

Liability LimitState Of Incorporation

1.

1.

Name(s) & Title(s) (Typed)

Signature(s)

Name & Address

Su re ty C

Corporate Seal

2.

2.

Liability LimitState Of Incorporation

1.

1.

Name(s) & Title(s) (Typed)

Signature(s)

Name & Address

Su re ty B

Paperwork Reduction Act Statement

This information collection meets the requirements of 44 USC § 3507, as amended by section 2 of the

Paperwork Reduction Act of 1995. You do not need to answer these questions unless we display a valid

Office of Management and Budget (OMB) control number. The OMB control number for this collection is

9000-0001. We estimate that it will take 1 hour to read the instructions, gather the facts, and answer the questions. Send only comments relating to our time estimate, including suggestions for reducing this burden, or any other aspects of this collection of information to: U.S. General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street, NW, Washington, DC 20405.

Instructions

1. This form, for the protection of persons supplying labor and material, is used when a payment bond is required under 40 USC Chapter 31, Subchapter III, Bonds. Any deviation from this form will require the written approval of the Administrator of General Services.

2. Insert the full legal name and business address of the Principal in the space designated "Principal" on the face of the form. An authorized person shall sign the bond. Any person signing in a representative capacity (e.g., an attorney-in-fact) must furnish evidence of authority if that representative is not a member of the firm, partnership, or joint venture, or an officer of the corporation involved.

3. (a) Corporations executing the bond as sureties must appear on the Department of the Treasury's list of approved sureties and must act within the limitations listed therein. The value put into the Liability Limit block is the penal sum (i.e., the face value) of the bond, unless a co-surety arrangement is proposed.

(b) When multiple corporate sureties are involved, their names and addresses shall appear in the spaces (Surety A, Surety B, etc.) headed "Corporate Surety(ies)." In the space designated "Surety(ies)" on the face of the form, insert only the letter identifier corresponding to each of the sureties. Moreover, when co-surety arrangements exist, the parties may allocate their respective limitations of liability under the bonds, provided that the sum total of their liability equals 100% of the bond penal sum.

(c) When individual sureties are involved, a completed Affidavit of Individual Surety (Standard Form 28) for each individual surety shall accompany the bond. The Government may require the surety to furnish additional substantiating information concerning its financial capability.

4. Corporations executing the bond shall affix their corporate seals. Individuals shall execute the bond opposite the words "Corporate Seal", and shall affix an adhesive seal if executed in Maine, New Hampshire, or any other jurisdiction requiring adhesive seals.

5. Type the name and title of each person signing this bond in the space provided.

STANDARD FORM 25A (REV. 10/2023) PAGE 3

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