20-Bid Bond.pdf
PDF 109 KB Posted
- Attached to
- 2026 Traffic Signal Upgrades
- Solicitation number
- US.258736
- Issued by
- Chester County, Pennsylvania
About this file
This is a Bid Bond form template for West Whiteland Township, Chester County, Pennsylvania, to be used in conjunction with the 2026 Traffic Signal Upgrades project. The bid bond serves as a guarantee that the principal (bidder) will enter into a contract with the township if their bid is accepted and will provide any required performance or payment bonds as specified in the contract documents. The form accommodates various principal entity types, including individuals, partnerships, corporations, limited liability companies, and joint ventures, each with designated signature lines and requirements. The surety (bonding company) agrees that its obligations will not be impaired by any extension of the bid acceptance timeline and waives notice of such extensions. The bond becomes null and void if the principal either enters into the contract with acceptable bonds or pays the penal amount to the township; otherwise, it remains in full force and effect.
The penal sum amount, bidder name, address, surety name, address, state of incorporation, and specific project description must be inserted by the bidder before submission. For corporate sureties, a certified and effective-dated copy of power of attorney must be attached if an attorney-in-fact executes the bond. Bidders submitting proposals for the 2026 Traffic Signal Upgrades must accompany their bids with a bid bond or certified check equal to 10 percent of the total bid amount. All bids must be submitted via PennBid by 1:00 PM on December 1, 2026, and all bidders and subcontractors must be PennDOT prequalified and comply with Pennsylvania Prevailing Wage Act requirements.
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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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