2-Form of Guaranty.pdf

This is a bid guaranty form document for the Oak Drive (T-370) Roadway and Pedestrian Improvements Project managed by Lower Salford Township in Montgomery County, Pennsylvania. The document serves as the formal proposal submission template requiring bidders to certify the genuineness of their proposal and acknowledge receipt of all addendums issued during the bidding period. Sealed proposals must be submitted via PennBID by 11:00 AM on June 23, 2026, with all bids opened at that same time and date. Questions from prospective bidders must be submitted through PennBID by June 9, 2026, at 5:00 PM. No bid may be withdrawn within sixty (60) days after opening, during which time the Township will review qualifications and investigate bidder responsibility. The successful bidder must execute the contract within ten (10) days after receipt of notice to proceed.

All proposals must be accompanied by either a certified check or bid bond equal to 10% of the total bid amount, which will be forfeited as liquidated damages if the selected bidder fails to execute the contract and furnish required bonds as specified. All bidders and subcontractors must be PennDOT pre-qualified contractors and must comply with the Pennsylvania Prevailing Wage Act and 67 PA Code Chapter 457 requirements for proof of competency and responsibility. The Township reserves the right to waive minor informalities, irregularities, or defects in any bid, or to reject any or all bids submitted. Plans and specifications are available at no cost through PennBID.