26-026-ITB_Bid_Bond_-_Attachment_4.pdf
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- Solicitation number
- 26-026-ITB
- Issued by
- Hart County, Kentucky
About this file
This is a Proposal Bond document for the Kenton County Airport Board related to the Two (2) Digester Tanks Aeration Equipment Replacement project in Kentucky. The bond serves as a guarantee that the bidder will execute a contract if awarded. A pre-bid meeting and site visit are scheduled for Thursday, April 23, 2026 at 10:00 am at CVG Centre, Admin. Offices, 77 Comair Blvd., Erlanger, KY 41018. Written questions must be submitted by 11:59 pm on Monday, April 27, 2026, with answers to be posted no later than Thursday, April 30, 2026 at 11:59 pm. Bids are due by Thursday, May 7, 2026 at 2:00 pm, with no late submissions accepted unless an addendum extends the deadline.
The proposal bond requires the bidder to provide a surety bond from a Kentucky-authorized surety corporation in an amount to be specified by the Kenton County Airport Board. If the bidder's proposal is accepted and the contract is awarded, the bidder must execute a formal written contract and furnish required Payment and Performance Bonds within 10 days of notice of award. Failure to meet these obligations results in forfeiture of the full proposal bond amount as liquidated damages to the Kenton County Airport Board. The bond document requires the principal to sign in their own handwriting and specify whether they represent a corporation, partnership, company, or individual entity. If a non-executive officer signs on behalf of a corporation, affidavit documentation demonstrating authority to bind the corporation is required.
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Text version
PROPOSAL BOND
KNOW ALL MEN BY THESE PRESENTS: That we, the undersigned bidder _____________________________, as Principal, and ____________________________, as a Corporation Surety authorized under the laws of the Commonwealth of Kentucky, and authorized to write this type of bond through a resident agent of the corporation located in the State of ___________________, as surety, are held and firmly bound unto the Kenton County Airport Board in the sum of _______________________________________ Dollars ($_____________) for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves and our heirs, executors, administrators, successors, and assigns.
The condition of the above obligation is such that if the attached proposal of ___________________________________________ for the improvement of airport facilities stipulated in said proposal in accordance with the Plans and Specifications provided therefore, is accepted and the Contract awarded to the above named Bidder, and the said Bidder shall within 10 days after notice of said award enter into a Contract in writing and furnish the required Payment and Performance Bonds with surety, or sureties, to be approved by the Kenton County Airport Board this obligation shall be void. Otherwise, the same shall be in full force and virtue of law, and the full amount of this Proposal Bond will be paid to the Kenton County Airport Board as stipulated for liquidated damages.
Signed this ________ day of ______________________, 20____.
(PRINCIPAL MUST INDICATE WHETHER
CORPORATION, PARTNERSHIP, COMPANY,
OR INDIVIDUAL)
Principal (Seal)
THIS PERSON SIGNING SHALL IN HIS/HER
OWN HANDWRITING SIGN THE PRINCIPAL'S BY:
NAME AND TITLE. BY WHERE THE
PERSON SIGNING FOR A CORPORATION IS
OTHER THAN THE PRESIDENT OR VICE (Name and Title)
PRESIDENT, HE/SHE MUST, BY AFFIDAVIT AS
CONTAINED HEREIN, SHOW AUTHORITY ____
TO BIND THE CORPORATION. Surety (Seal)
(Name and Title)
END OF SECTION
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