2-07 Bid Bond - required.pdf
PDF 123 KB Posted
- Solicitation number
- Bid #35-06-26
- Issued by
- Bell County, Texas
About this file
This document is a Bid Bond for the City of Temple, Texas, located in Bell County, related to the Jones Park Renovations project. The project encompasses renovations of restrooms, playground, splash pad, and site amenities. The bid bond serves as a financial guarantee that the principal (bidder) will enter into a contract if awarded and will provide required performance and payment bonds. The document is structured to protect the City of Temple by ensuring the bidder follows through on their bid commitment or pays liquidated damages.
The bid bond does not specify specific pricing details or funding sources, but outlines the legal framework for the bidding process. It stipulates that if the principal withdraws their bid after opening or fails to enter the contract and provide satisfactory performance and payment bonds, the City of Temple can collect the full amount of the bid bond as liquidated damages. Any legal actions related to this bond will have venue in Bell County, Texas, and the document is to be executed in the year 2025, with spaces provided for the principal/contractor and surety to sign and attach a power of attorney.
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Text version
COMPLETE & UPLOAD TO BONFIRE
OR SUBMIT VIA HARD COPY
BID BOND
THE STATE OF TEXAS § SURETY'S NO. ___________
COUNTY OF §
KNOW ALL MEN BY THESE PRESENTS, THAT
(hereinafter called the Principal), as Principal, and
(hereinafter called the Surety), as Surety, are bound unto the City of Temple, Texas, a home rule municipal corporation of Bell County, Texas (hereinafter called Obligee) in the amount
DOLLARS ($ ), for the payment whereof 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 to enter into a certain written Contract with the
City of Temple for the construction of the following:
JONES PARK RENOVATIONS – RESTROOMS, PLAYGROUND,
SPLASH PAD, AND SITE AMENITIES
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 AGREED that if said Principal should withdraw its
Bid any time after such Bid is opened and before official rejection of such Bid or, if successful in securing the award thereof, said Principal should fail to enter into the Contract and furnish
COMPLETE & UPLOAD TO BONFIRE
OR SUBMIT VIA HARD COPY
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 damages.
PROVIDED, further that if any legal action be filed upon this Bond, venue shall lie in Bell
County, Texas.
IN WITNESS WHEREOF, the said Principal and Surety do sign and seal this instrument, this day of , 2025.
Principal/Contractor Surety
By
Address
By ________
Address ________
NOTE: Attach Power of Attorney
File details come from the government source that posted it. Updated .