2-83250-126-2-FY2025-CDBG Bid Bond.pdf
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- Solicitation number
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- Issued by
- Delaware County, Pennsylvania
About this file
This is a Bid Bond form for the CDBG Hepford Park Improvements project issued by Nether Providence Township in Delaware County, Pennsylvania. The bid bond document serves as a financial security instrument required to accompany sealed proposals for two related infrastructure projects: the Houston Park - Beatty Run Bridge Improvements and the CDBG Hepford Park Improvements. For the bridge project, online bids via the PennBid Program are due by 10:00 AM on September 23, 2025, with public bid opening on September 25, 2025 at 7:30 PM. The scope includes comprehensive restoration of a stone bridge with work such as replacing missing stones, clearing vegetation, and repairing structural damage, along with site improvements including lighting and parking lot construction. For the Hepford Park project, sealed proposals are due by 10:00 AM on May 27, 2026, with bid opening at 7:30 PM on May 28, 2026, encompassing reconstruction of a 250 square-yard parking lot and a 100 square-yard accessible path. Both projects have a 90-day contract duration from the Notice to Proceed, with liquidated damages of $500 per calendar day for schedule delays.
Bidders must submit a bid bond equal to 10% of the total bid amount, made payable to the Township of Nether Providence, along with performance bonds for 100% of the contract price and a one-year maintenance bond for 10% of the contract price. The successful bidder will be responsible for paying the PennBid Program a fee of 1/3 of 1% of the contract award value, with a minimum fee of $150.00 and maximum of $6,000.00. The projects are funded through federal CDBG funds and subject to prevailing wage requirements, the Public Works Employment Verification Act, E-Verify compliance, Davis-Bacon and Related Acts, and Build America Buy America Act provisions. Award will be made to the lowest responsible bidder, with the Township reserving the right to reject any or all bids and waive informalities. Contractors must demonstrate financial stability, relevant bridge and site improvement experience, and compliance with Pennsylvania's Human Relations Act, worker compensation laws, and non-discrimination policies.
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Text version
BID BOND
KNOW ALL MEN BY THESE PRESENTS, THAT WE, as PRINCIPAL, and as SURETY, are held and firmly bound unto the (hereinafter called the OWNER), in the penal sum of DOLLARS ($ ) lawful money of the United States, for payment of which sum well and truly to be made, we bond ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents.
THE CONDITION OF THE OBLIGATION IS SUCH that whereas the Principal has submitted the accompanying Bid dated for .
NOW, THEREFORE, if the Principal shall not withdraw said Bid within the time specified therein after the opening of the same, and shall within ten (10) days after the Principal is notified by the Owner of the award of such Contract to him, enter into a written contract with the Owner, in accordance with the Bid as accepted; and give bond with good and sufficient surety or sureties as may be required for the faithful performance and proper fulfillment and labor supplied, if required in said Contract; or in event of the withdrawal of said Bid within the period specified, or the failure to enter into such Contract and give such bonds within the time specified if the Principal shall pay the Owner the difference between the amount specified in said Bid and the amount for which the Owner may procure the required materials or supplies, or both, if the latter amount of the former, together with any other expenses and costs that may have been incurred by the Owner, then the above obligation shall be void and of no effect, otherwise to remain in full force and virtue.
IN WITNESS WHEREOF, the above bonded parties have executed this instrument under their several seals this day of , 20 , the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body.
WITNESSED BY:
(Individual Principal)
Business Address:
ATTEST:
Corporate Principal Corporate Surety
By:
SEAL
(Power of Attorney for person signing for Surety Company must be attached to bond.)
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