2. -bond Exhibit A.doc
DOC document 31 KB Posted
- Solicitation number
- B26002502
- Issued by
- Maui County, Hawaii
About this file
This is a Surety Bid Bond form (Exhibit A) related to the State of Hawaii, Department of Land and Natural Resources (DLNR), Division of Forestry & Wildlife-Maui District's FY26 Wahikuli Phase 1 Fuel Mitigation Grazing Fence Installation project. The bond template is designed to secure bid submissions for this fence installation project and establishes a financial guarantee that the offeror will execute a contract if their bid is accepted. The form requires specification of the penal sum amount representing the required bid security, the project identification, and signatures from both the principal (offeror) and an authorized surety corporation licensed to conduct business in the State of Hawaii.
The bond serves as a protective mechanism for the State, ensuring that selected bidders will enter into formal contracts and provide performance and payment bonds as specified in the solicitation documents. The surety company and principal are held jointly and severally liable for the bond amount, with the obligation remaining in full force unless the owner rejects the bid or the principal fulfills all contractual obligations. Bidders must provide a qualified surety authorized to transact business in Hawaii and must be HCE compliant to qualify for selection on this fuel mitigation project.
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Text version
EXHIBIT A
SURETY [BID] [PROPOSAL] BOND
(11/17/98)
Bond No. __________
KNOW TO ALL BY THESE PRESENTS:
That we, ________________________________________________________________, (Full Name or Legal Title of Offeror) as Offeror, hereinafter called Principal, and __________________________________________, (Name of Bonding Company) as Surety, hereinafter called Surety, a corporation authorized to transact business as a Surety in the State of Hawaii, are held and firmly bound unto __________________________________, (State/County Entity) as Owner, hereinafter called Owner, in the penal sum of _________________________________
(Required Amount of Bid Security)
Dollars ($______________), lawful money of the United States of America, 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 an offer for
(Project by Number and Brief Description)
NOW, THEREFORE:
The condition of this obligation is such that if the Owner shall reject said offer, or in the alternate, accept the offer of the Principal and the Principal shall enter into a Contract with the Owner in accordance with the terms of such offer, and give such bond or bonds as may be specified in the solicitation or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof as specified in the solicitation then this obligation shall be null and void, otherwise to remain in full force and effect.
Signed this _______ day of _______________, _______.
(Seal)
Name of Principal (Offeror)
Signature
Title
(Seal)
Name of Surety
Signature
Title
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EXHIBIT A
File details come from the government source that posted it. Updated .