16-IFB-26-00075 Bid Bond.doc
DOC document 40 KB Posted
- Solicitation number
- IFB-26-00075
- Issued by
- Hillsborough County, Florida
About this file
This is a Bid Bond document issued by Hillsborough County, Florida, for Invitation to Bid No. IFB-26-00075, which pertains to LED Sports Lighting Retrofit & Installation Term Contract B. The project involves retrofitting existing metal halide sports lighting systems to LED technology or installing new LED sports lighting systems at various Hillsborough County athletic ballfields and play courts. The contract term is four (4) years, with the total project estimated at $8,000,000.00. The bid bond serves as a guarantee that the bidder will execute the required contract, performance bonds, payment bonds, and insurance certificates within ten (10) days of receiving written notice of award.
The bid bond amount is set at five percent (5%) of the full bid amount and must be submitted in lieu of a required check accompanying the proposal. The bond ensures the Principal's compliance with all proposal requirements and protections for Hillsborough County in case of bidder default. Failure to comply with any of the specified requirements within the designated timeframe results in the surety's obligation to pay the full bond amount to the county upon demand. The contract allocation among awarded firms will be determined based on the number of firms selected during the bidding process.
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Text version
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 LED Sports Lighting Retrofit & Installation Term Contract B for Hillsborough County and designated as Invitation to Bid No. IFB-26-00075; 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.
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)
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________ ______________________
ATTEST:
SURETY:
(Printed Name)
Mailing Address
BY:__
Authorized Signature(s)
(Surety or Sureties)
Title
-OR-
BY:_
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 ______________________
BB - 2
(REV. 04/17/97)
1207 Bid Bond.doc
BB - 1
(Rev 11/03/15)
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