2-Bid Bond.pdf

147 KB Posted

Attached to
Replacement of (4) Sodium Hypochlorite Storage Tanks
Solicitation number
2025056
Issued by
Indian River County, Florida

About this file

Written by GovTribe AI ·

This document is a Bid Bond template for the Indian River County Board of County Commissioners, designed to accompany a bid submission for an unspecified project. The bond provides financial protection for the county, ensuring that the bidding party (Principal) will either follow through with the contract or pay potential differences if they withdraw their bid. The bond is valid for ninety (90) days after the bid opening, and requires the Principal to enter into a written contract within fifteen (15) calendar days of being presented with contract forms, providing necessary performance and payment bonds.

The financial terms of the bond require the Principal to be held jointly and severally liable for a specified dollar amount in United States currency. If the Principal fails to comply with bid requirements, they will be obligated to pay the county the difference between their original bid amount and the cost of procuring the work or supplies through alternative means. The document includes signature sections for both corporate and non-corporate bidders, with spaces for witnesses, a secretary, and an attorney-in-fact, and requires a notary acknowledgment and Power of Attorney to be attached.

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Bid Bond-1

BID BOND

COUNTY OF Bid No.

STATE OF

KNOW ALL MEN BY THESE PRESENTS, that we, , as Principal and , as Surety, are held and firmly bound unto the

Indian River County Board of County Commissioners, hereinafter called Owner, in the sum of

$ dollars ($ ) lawful money of the United

States of America, for the payment of which sum, well and truly to be made, we bind 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 the __________________________________ Project.

NOW, THEREFORE, if the Principal shall not withdraw said Bid within ninety (90) days after date of opening of the same and shall within fifteen (15) calendar days after the prescribed forms are presented to him for signature, enter into a written contract with Owner, in accordance with the Bid, as accepted, and shall give such bond or bonds as may be specified in the Bidding or Contract documents, with good and sufficient sureties, as may be required, for the faithful performance and proper fulfillment of such

Contract, and for the payment of labor and supplies incurred in connection therewith, or in the event of the withdrawal of said Bid within the period specified, in 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 work and/or supplies, if the latter amount be in excess of the former, then the above obligations shall be void and of no effect, otherwise, to remain in full force and virtue.

IN WITNESS WHEREOF, the above bound parties have executed this statement under their several seals this ________ day of , 20 __ , the name and corporate seal, if applicable, being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body.

Bid Bond-2

FOR CORPORATE BIDDERS:

(Secretary)

WITNESS:

FOR NON-CORPORATE BIDDERS:

(Secretary)

(Principal) (Seal)

By:

Title:

Surety:

(Seal)

By:

(Attorney-in-Fact)

Typed Name:

Address:

(Principal) (Seal)

Title:

Surety:

(Seal)

(Attorney-in-Fact)

Typed Name:

Address:

Note: Notary acknowledgement for Surety and Surety’s Power of Attorney must be attached.

COUNTY OF:
Bid No:
STATE OF:
KNOW ALL MEN BY THESE PRESENTS that we:
and:
Textfield:
dollars:
accompanying bid dated:
for the:
this:
day of:
By:
Title:
Textfield-0:
Surety:
Typed Name:
Address:
Textfield-1:
By-1:
Title-0:
Textfield-2:
Surety-0:
Textfield-3:
Typed Name-0:
Textfield-4:
Year:
Textfield-5:

File details come from the government source that posted it. Updated .