2-83500-112-II-SWSG-25 Bid Bond Form.pdf
PDF 98 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 is a Bid Bond Form (Section 00310) associated with the Morton Borough Sanitary Sewer Relining & Manhole Rehabilitation project in Delaware County, Pennsylvania. The bond form establishes the financial obligation between a principal contractor and surety in support of a bid submitted to the Borough of Morton. The principal must submit a bid bond equal to 10% of the total bid amount, payable to the Borough of Morton. The bonded principal must commit to not withdrawing the bid within the specified timeframe following bid opening and must enter into a written contract with the Borough within 10 days of notification of award. Should the principal fail to execute the contract or provide required performance and payment bonds (at 100% of contract price) and a one-year maintenance bond (at 10% of contract price), the surety becomes liable for the difference between the bid amount and any higher cost incurred by the Borough to procure the required services, plus associated expenses and costs.
The bid bond form requires execution by both an individual or corporate principal and a corporate surety, with proper corporate seals and attestation by corporate officers where applicable. A power of attorney for the surety company representative must be attached to the bond. The form includes a certificate provision for corporate principals requiring certification by the corporation's secretary regarding the signatory's authority and the authenticity of the signature. The bond condition requires that the principal provide a Performance and Payment Bond to the Borough in the penal sum equal to the principal's bid amount. This standardized bid bond format protects the Borough by ensuring bidder commitment and establishing financial recourse in the event of contract non-performance or withdrawal.
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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 | ||
| 1-83500-104-25 REQUIRED Bid Documents.pdf | ||
| 2-83500-110-1-25 Bid Bond Form.pdf | ||
| 3-83500-110-1 JACOBS PARK SITE PLANS.pdf | ||
| 4-83500-110-1-25 Specifications 8-27-25.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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