2-83500-110-1-25 Bid Bond Form.pdf
PDF 95 KB Posted
- Attached to
- Morton Borough Sanitary Sewer Relining & Manhole Rehabilitation State and local contract opportunity
- Solicitation number
- Not on record
- Issued by
- Delaware County, Mount Aetna CDP, Pennsylvania
About this file
This document is a Bid Bond form (Section 00310) used in a contracting process. The form is a legal instrument that provides financial guarantee for a bidder's commitment to enter into a contract if awarded. The bond obligates the Principal (bidder) to not withdraw their bid within the specified time after opening, and if selected, to enter into a contract within 10 days of notification. If the bidder fails to do so, they must pay the difference between their bid amount and the cost for the Owner to procure the required materials or services, along with any additional expenses incurred.
The bond serves as a protection mechanism for the Owner, ensuring that the selected bidder follows through on their bid proposal. The Principal must provide a Performance and Payment Bond for the full amount of their bid, which guarantees the faithful performance of the contract and payment for labor and materials. A corporate secretary must certify the bond's execution, and a Power of Attorney for the person signing on behalf of the Surety Company must be attached to validate the document.
View the file
Other files for this state and local contract opportunity
| File | Type | Posted |
|---|---|---|
| 4-83500-104-25 Specifications 7-28-26.pdf | ||
| 3-83500-112-II-SWSG-25 Drawings.pdf | ||
| 2-83500-112-II-SWSG-25 Bid Bond Form.pdf | ||
| 1-83500-104-25 REQUIRED Bid Documents.pdf | ||
| 4-83500-110-1-25 Specifications 8-27-25.pdf | ||
| 3-83500-110-1 JACOBS PARK SITE PLANS.pdf | ||
| 1-83500-110-1-25 Required Bid Documents.pdf |
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Text version
BID BOND 00310-1
SECTION 00310
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 ($ ) 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 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) (Name of Partner)
(Business Address)
ATTEST:
(Corporate Principal) (Corporate Surety)
By:
(Business Address)
SEAL
(Power of Attorney for person signing for Surety Company must be attached to Bond.)
CERTIFICATE AS TO CORPORATE PRINCIPAL
I, , certify that I am the Secretary of the corporation as Principal in the within bond; and that who signed the said bond on behalf of the Principal was then the of said corporation; that I know his signature, and his signature thereto is genuine; and that said bond was duly signed, sealed and attested to for an in behalf of said corporation by the authority of its governing body.
(Corporate Seal)
We, the undersigned, will provide as Principal, a Performance and Payment Bond on the form provided, to the Owner in the penal sum of the Principal's bid for
(Surety)
(Address) Date:
Signed:
(Attorney-in-fact)
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