20-Bid Bond 2026 DAHG.docx
DOCX document 17 KB Posted
- Attached to
- BD26002 - 417 N Market St Renovation
- Solicitation number
- BD26002
- Issued by
- New Castle County, Delaware
About this file
This is a bid bond document for the Delaware Affordable Housing Group (DAHG) related to contract opportunity BD26002 for the renovation of 417 N Market Street. The bond secures a bid submitted for the complete renovation of an entire unit according to drawings and specifications outlined in the scope of work. Bidders must submit proposals through the Bonfire platform (Euna) and are prohibited from submitting via email. The bid bond specifies that the principal shall not withdraw the bid within sixty days after bid opening and must enter into a written contract with DAHG within ten days after prescribed forms are presented for signature, or within the timeframe specified in the bid documents.
The bid bond contains a penal sum to be determined by the principal and surety, establishing their joint and several obligation to DAHG. If the principal fails to execute a contract and provide the required performance bond within the specified timeframe, or if the principal withdraws the bid outside the allowed period, the surety becomes liable to DAHG for the difference between the bid amount and the cost to procure the required work. The bond requires execution by both the principal (as sole proprietorship, partnership, or corporation) and a corporate surety company, with supporting power of attorney documentation from the surety company representative required at the time of submission.
View the file
Other files
Show all 19
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we the undersigned:
__________________________________________________ AS PRINCIPAL
and ______________________________________________as SURETY, are held and firmly bound unto DELAWARE AFFORDABLE HOUSING GROUP, herein called the “DAHG”, in the penal sum of ______________________ dollars, lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the Principal has submitted the accompanying bid, dated _______________, 2026 for
NOW THEREFORE, if the Principal shall not withdraw said bid within the period specified herein within sixty (60) days after the said opening, and shall within the period specified therefore, or if no period be specified within ten (10) days after the prescribed forms are presented to him for signature, enter into a written contract with DAHG in accordance with the bids as accepted and give bond with good and sufficient surety or sureties, as may be required, for the faithful performance and proper fulfillment of such contract; or in the event of the withdrawal of said bid within the period specified, or the failure to enter into such contract and give such bond within the time specified in said bid and the amount for which DAHG may procure the required work or supplies or both, if the latter amount be in excess of the former, then the above obligation 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 instrument under their several seals this ___________ day of _________________, 2026, the name and corporate seal of each corporate party being hereto affixed, and these presents duly signed by its undersigned representatives, pursuant to authority of its governing body.
ATTEST Sole Proprietorship or Partnership
| ______________________________ | __________________________________________ | |
| Attest | (Individual Principal Signature) | |
| __________________________________________ |
(Name of Individual Principal above)
Seal
ATTEST CORPORATION
| Attest | (Corporate Principal Signature) | ||||||||
| __________________________________________ | _________________________________________ | ||||||||
| (Business Address) | ___________________________________________ | (Name of Corporate principal above) | ___________________________________________ | ||||||
| (Title) | |||||||||
| Affix Corporate Seal | |||||||||
| ATTEST | SURETY COMPANY | ||||||||
| _____________________ | ___________________________________________ | ||||||||
| Attest | (Corporate Surety Signature) | ||||||||
| __________________________________________ | |||||||||
| (Corporate Surety Signature) |
| ___________________________________________ | |
| (Business Address) |
| By: ___________________________________________ | ||
| (Name of Corporate Surety) | ||
| ___________________________________________ | ||
| (Title) |
Affix Corporate Seal
(Power of Attorney for person signing for Surety Company must be attached to the Bond
File details come from the government source that posted it. Updated .