16-Bid Bond.pdf
PDF 149 KB Posted
- Solicitation number
- IFB-26-00399
- Issued by
- Hillsborough County, Florida
About this file
This is a Bid Bond form for the Miscellaneous Parking Lot Repaving Services Term Contract B issued by the Board of County Commissioners of Hillsborough County, Florida, designated as Invitation for Bid No. IFB-26-00399. The contract encompasses restoration of pavement surfaces and parking elements for parking lots at Hillsborough County facilities and park sites, with an estimated project value of $6,000,000.00. Bidders must submit a bid bond equal to five percent of the full bid amount as a guarantee of proposal compliance. According to the contract terms, questions and requests for interpretation must be submitted no later than 14 calendar days after the solicitation issuance date, site visit, or pre-bid conference, whichever occurs latest. The Principal must execute a written contract within ten days after receiving written Notice of Award and furnish any required Performance and Payment Bonds, certificates of insurance from acceptable companies in amounts specified in the contract documents, and alternate forms of security if necessary.
The bid bond serves as security that the Principal will comply with all proposal requirements within the specified timeframe. A Small Business Enterprise (SBE) participation goal of 5% has been established for subcontractor involvement in connection with this solicitation and resulting contract. The bond remains in effect unless the Principal executes the contract, provides required bonding and insurance documentation, and meets all conditions within ten days of award notification. If the Principal fails to comply with these requirements, the surety shall immediately pay the bonded amount to Hillsborough County upon demand. The bond must be executed before a notary public and, if applicable, countersigned by an authorized surety agent with appropriate licensing credentials.
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Text version
Bid Bond BB - 1 Rev 03.23.2020
BID BOND
KNOW ALL MEN BY THESE PRESENTS THAT WE,
(hereinafter called the Principal) and (hereinafter called the Surety), a corporation chartered and existing under the laws of the State of with its principal offices in the City of and authorized to do business in the State of Florida, are held and firmly bound unto the Board of County Commissioners, Hillsborough County, Florida, in the full and just sum of FIVE PERCENT (5%) OF THE FULL AMOUNT OF THE BID in good and lawful money of the United States of America, to be paid upon demand of Hillsborough County and to which payment, will and truly to be made, we bind our selves, heirs, executors, administrators, successors, and assignees, jointly and severally and firmly by these presents.
WHEREAS, the Principal is about to submit or has submitted a Proposal to Hillsborough County for the purpose of Miscellaneous Parking Lot Repaving Services Term Contract B for Hillsborough County and designated as Invitation for Bid No. IFB-26-00399; and
WHEREAS, the Principal desires to file this Bid Bond in accordance with law, in lieu of an acceptable check otherwise required to accompany the Proposal;
NOW THEREFORE, the conditions of this Bid Bond are such that if the Proposal is accepted by Hillsborough County and if the Principal, within ten (10) days after written Notice of Award, (a) executes a written contract in the form and manner required by Hillsborough County, in accordance with the Proposal, and upon the terms, conditions and price(s) set forth therein and (b) executes any Performance Bond and/or Payment Bond required by the Proposal;
valued in the amount(s) specified therein; and in a form and with sureties satisfactory to Hillsborough County, or furnishes and alternate form of security acceptable to Hillsborough County and (c) submits certificates of insurance in the manner specified in the Contract Documents, with companies acceptable to Hillsborough County, and in such amounts as required by the Contract Documents; then this Bid Bond is void. Otherwise, this Bid Bond remains in full force and effect and the Surety shall immediately pay to Hillsborough County, upon demand, the amount secured by this Bid Bond in good and lawful money of the United States of America, upon failure of the Principal to comply with any and all of the foregoing requirements within the time specified above.
Bid Bond BB - 2
THIS BOND DATED THIS DAY OF , 20 .
ATTEST: PRINCIPAL:
BY: (SEAL)
Witness Authorized Signature (Principal)
Witness Printed Name
Title of Person Signing Above
-OR-
BY:_______________________________(SEAL)
Witness As Attorney in Fact (Attach Power)
Business Address
Business Telephone
STATE OF )
COUNTY OF )
The foregoing instrument was acknowledged before me by means of physical presence or online notarization this day of , 20 , by ___________________________ as (Name of person)
________________________________ for _________________________________________________.
(ie. Officer, attorney in fact) (Name of party on behalf of whom instrument was executed.)
(Signature of Notary Public)
(Print, Type, or Stamp Name of Notary Public) Personally Known __ OR Produced Identification __
Type of Identification Produced________ ______________________
Bid Bond BB - 3
ATTEST: SURETY:
(Printed Name)
Mailing Address
BY:__ (SEAL)
Witness Authorized Signature(s) (Surety or Sureties)
Title
-OR-
BY:_ (SEAL)
Witness As Attorney in Fact (Attach Power
Agent's License No.
Agency Name
COUNTERSIGNED (if applicable): Agency Mailing Address
Signed
( ) Agency Telephone No.
Agent's License No. Phone
Agency Fax No.
STATE OF )
COUNTY OF )
The foregoing instrument was acknowledged before me by means of physical presence or online notarization this day of , 20 , by ___________________________ as (Name of person) ________________________________ for _________________________________________________.
(ie. Officer, attorney in fact) (Name of party on behalf of whom instrument was executed.)
(Signature of Notary Public)
(Print, Type, or Stamp Name of Notary Public) Personally Known __ OR Produced Identification __
Type of Identification Produced ______________________
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