2-011 Bid Bond.pdf
PDF 174 KB Posted
- Attached to
- 26006121 D23-01 Jal Draw Excavation
- Solicitation number
- 26006121
- Issued by
- Mason County, Texas
About this file
This is a Bid Bond form for the City of Midland, Texas related to the Jal Draw Excavation drainage project. The bid bond secures the principal's commitment to enter into a construction contract for improvements to Jal Draw, generally located from Barton Creek to SH 158, with an additive alternate for a shared use trail. The bond establishes the obligee's right to collect liquidated damages in the full bond amount if the principal withdraws its bid after opening and before official rejection, or if awarded the contract but fails to enter into the agreement and furnish satisfactory Performance and Payment Bonds. The bond is jurisdiction-specific to Midland County, Texas, with venue established in that county for any legal action.
The specific bond amount, principal, and surety information are left blank in this template form, requiring completion upon submission. The bond form requires execution by both the principal and surety, approval as to form by the City Attorney, and attachment of a Power of Attorney form. The document was revised in August 2026 and represents a standard requirement for bid participation in municipal construction projects for the City of Midland.
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Text version
BidB 1
BID BOND
THE STATE OF TEXAS §
COUNTY OF MIDLAND § SURETY NO
KNOW ALL MEN BY THESE PRESENTS, THAT
(Hereinafter called the Principal), as
Principal, and
(Hereinafter called the Surety, as Surety, are held and firmly bound unto the City of Midland, Texas a home rule municipal corporation of Midland County, Texas, (hereinafter called the Obligee), in the amount of
Dollars
($ ) for the payment whereof the said Principal and surety bind themselves, and their heirs, administrators, executors, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a Bid or Proposal to enter into a certain written contract for the construction of Jal Draw Excavation
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall faithfully, enter into such written Contract, then this obligation shall be void; otherwise to remain in full force and effect.
IT IS EXPRESSLY UNDERSTOOD AND AGREE that if said Principal should withdraw its Bid anytime after such Bid is opened and before official rejection to such Bid or, if successful in securing the award thereof, said
Principal should fail to enter into the Contract and furnish satisfactory Performance Bond and Payment Bond, the Obligee, in either of such events, shall be entitled and is hereby given the right to collect the full amount of this Bid Bond as liquidated damage.
BidB 2
PROVIDED, further that if any legal action be filed upon this Bond venue shall lie in Midland County, Texas.
IN WITNESS WHEREOF, the said Principal and surety do sign and seal this instrument, this day of , 20 .
Principal Surety
By By
Address Address
APPROVED AS TO FORM:
City Attorney
NOTE: Attach Power of Attorney
Form Revised August 2026
File details come from the government source that posted it. Updated .