19-Bid Bond.pdf
PDF 141 KB Posted
- Solicitation number
- IFB-26-00297
- Issued by
- Hillsborough County, Florida
About this file
This is a Bid Bond form issued by Hillsborough County, Florida for the Sidewalk Replacement and Repair - South (WORCS 2) project, designated as Invitation to Bid No. IFB-26-00297. The bid bond serves as a financial guarantee that a bidder will execute a written contract within ten days of receiving written notice of award and will comply with all contractual requirements, including execution of required performance and payment bonds and submission of certificates of insurance. The bond amount equals five percent of the full bid amount and remains in effect until the principal fulfills these obligations or the bid bond is voided upon contract execution and compliance with all specified requirements.
The bid bond obligates the surety to pay Hillsborough County upon demand if the principal fails to execute the contract, provide required performance and payment bonds, or submit acceptable certificates of insurance within the specified ten-day timeframe following notification of award. This form requires signatures and seals from both the principal and surety, with notarization required for both parties. The bond applies to a project with an estimated value of $10,000,000.00 for sidewalk replacement and repair work, which includes removal and construction of concrete sidewalks, ADA compliance retrofitting, curb ramp replacement, incidental repairs to irrigation systems, tree removal, traffic control, and site restoration. A Small Business Enterprise (SBE) subcontractor participation goal of nine percent has been established for this contract.
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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 Sidewalk Replacement and Repair- South (WORCS 2) for Hillsborough County and designated as Invitation to Bid No. IFB-26-00297; 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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