2-Bid Bond.pdf
PDF 109 KB Posted
- Attached to
- 2026 Road Paving Program
- Solicitation number
- Not on record
- Issued by
- Chester County, Pennsylvania
About this file
This is a Bid Bond template document issued by West Whiteland Township, Pennsylvania, for use in conjunction with the 2026 Road Paving Program. The bond serves as a guarantee that a bidder will enter into a contract with the Township if their bid is accepted and will provide required performance and payment bonds as specified in the contract documents. The bond applies to the roadway paving project involving milling and paving of approximately 19,500 square yards across six roads, line painting, and an optional add-alternate for four ADA-compliant ramps. Sealed bids are due online via PennBid by Tuesday, June 18, 2026, at 1:00 pm, with public opening and posting of bids to follow immediately on the PennBid platform. The contract will commence upon acceptance and execution, with liquidated damages assessed at $885.00 per calendar day for work remaining incomplete after September 30, 2026.
The bid bond template requires bidders to designate a penal sum amount and identify both the Principal (bidder) and a Surety (bonding company) authorized to execute bonds in the applicable jurisdiction. The document accommodates various principal entity types including individuals, partnerships, corporations, limited liability companies, and joint ventures, each with corresponding signature and authorization requirements. Prevailing wage rates apply to this project as required by Pennsylvania regulations, with bidding documents including wage schedules available through PennBid. The Municipality reserves the right to reject any or all proposals submitted. No specific budget amount is disclosed in the bid bond template itself, though the project represents a capital infrastructure investment for the Township's roadway maintenance program.
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Text version
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we ____________________
(Insert Name, or Legal Title, of Bidder) of______________________________________________________________
(Insert Address of Bidder) as Principal, (hereinafter called the “Principal”), and
(Insert Name, or Legal Title, of Surety) of______________________________________________________________
(Insert Address of Surety) a corporation duly organized under the laws of the State of
_____________________ as Surety, (hereinafter called the “Surety”), are firmly bound unto West Whiteland Township (the “Obligee”)in the penal sum of
__________________________________________________________Dollars
(Surety to Insert Amount) for the payment of which sum well and truly to be made, the said Principal and the said Surety bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a bid for
NOW, THEREFORE, if the Obligee shall accept the Bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such Bid, and give such Bond or Bonds as may be specified in the Bidding or Contract Documents with good and sufficient surety acceptable to the Obligee, or in the event of the failure of the Principal to enter such Contract and give such
Bond or Bonds, if the Principal shall pay to the Obligee the penal amount of this bond, then this obligation shall be null and void, otherwise to remain in full force and effect.
The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety shall not be impaired or affected in any way by any extension of the time within which the Obligee may accept the Bid of the Principal and said Surety does hereby waive notice of any such extension.
IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals, and such of them as are corporations have caused their corporate seals to be hereto affixed and these presents to be signed by their proper officers, on this _____________ day of _____________, 20__.
******(Individual Principal) ******
By______________________________________________________________
(Individual's Signature)
(Printed or Typed Name of Individual)
Doing business as
******(Partnership Principal)******
By______________________________________________________________
(Firm Name)
(Partner's Signature)
(Printed or Typed Name of Partner)
******(Corporate Principal)******
By______________________________________________________________
(Corporation Name)
(State of Incorporation)
By______________________________________________________________
(Signature of Officer Authorized to Sign)
(Printed or Typed Name and Title of Officer Authorized to Sign)
(CORPORATE SEAL)
Attest___________________________________________________________
(Secretary)
******(Limited Liability Company Principal)******
By______________________________________________________________
(Company Name)
(State of Organization)
By______________________________________________________________
(Signature of Member or Manager Authorized to Sign)
(Printed or Typed Name and Title of Member or Manager Authorized to Sign)
******(Joint Venture Principals)******
By______________________________________________________________
(Signature)
(Printed or Typed Name)
By______________________________________________________________
(Signature)
(Printed or Typed Name)
(Each joint venturer must sign. The manner of signing for each individual, partnership and corporation that is a party to the joint venture should be in the manner indicated above.)
******(Corporate Surety)******
By______________________________________________________________
(Corporation Name)
By______________________________________________________________
(Signature of Officer or Attorney-in-Fact*)
(Printed or Typed Name and Title of Officer, or Name of
Attorney-In-Fact*)
(CORPORATE SEAL)
Attest___________________________________________________________
(Secretary)
* Attach certified and effective dated copy of power of attorney showing authority of attorney-in-fact to execute on behalf of corporation.
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