2-Form of Guaranty.pdf

This is a Form of Guaranty document from Northampton Township in Bucks County, Pennsylvania, for the New Road ADA Improvement Project. The form requires bidders to acknowledge receipt of all addendums issued during the bidding period and certify that their proposal is genuine and not collusive. Bidders must submit a certified check or bid bond payable to the Township in an amount equal to 10% of the total bid as a bid guarantee, which will be forfeited as liquidated damages if the awarded bidder fails to execute the contract within ten days after receiving notice to proceed. The form requires bidders to indicate their entity type (individual, partnership, or corporation) and provide their principal business address and signature with the date of submission.

The guaranty form applies to all bidders responding to the New Road ADA Improvement Project, for which bids were due by 1:00 PM on June 17, 2026, via PennBid. All bidders and subcontractors must be PennDOT pre-qualified in accordance with 67 PA Code Chapter 457 and PennDOT Form 408/2026. The successful contractor must comply with the Pennsylvania Prevailing Wage Act and will be required to complete all work within 240 calendar days from the Notice to Proceed, with liquidated damages of $975.00 per calendar day assessed for delays. The contractor must provide a 24-month guarantee for all work from the date of final acceptance and maintain workers' compensation and public liability insurance as specified in the contract documents.