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 form (Attachment 4) for Invitation to Bid (ITB #26-026) issued by the Kenton County Airport Board for the replacement of aeration equipment in two digester tanks at Cincinnati/Northern Kentucky International Airport. The bond secures the bidder's commitment to enter into a written contract and furnish required payment and performance bonds within 10 days of award notification if their proposal is accepted. The mandatory pre-bid meeting and site visit is scheduled for Thursday, April 23, 2026 at 10:00 am at CVG Centre Administrative Offices in Erlanger, Kentucky. Written questions must be submitted by 11:59 pm on Monday, April 27, 2026, with responses posted by 11:59 pm on Thursday, April 30, 2026. Sealed bids are due no later than Thursday, May 7, 2026 at 2:00 pm Eastern Time, with board approval anticipated for May 26, 2026 and construction completion targeted for November 1, 2026. Bids must remain valid for a minimum of 120 days from the closing date.
Bidders must submit a proposal bond equal to 10 percent of the proposed contract amount, payable to the Kenton County Airport Board as liquidated damages if the bidder fails to execute the required contract and bonds within the specified timeframe. The surety company must be a Kentucky-authorized corporation rated at least "A" by Best Insurance Reports and authorized to write this type of bond through a resident agent in Kentucky. The total appropriations request is $639,000.00, comprising $551,000.00 for equipment costs and $88,000.00 for construction and installation costs, with pricing required to be firm fixed, all-inclusive, and delivered FOB Cincinnati/Northern Kentucky International Airport. This federally funded project is subject to FAA requirements and mandates compliance with Buy American preferences, Disadvantaged Business Enterprise participation goals, Davis-Bacon prevailing wage requirements, and Executive Order 11246 affirmative action obligations.
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Text version
PROPOSAL BOND
KNOW ALL MEN BY THESE PRESENTS: That we, the undersigned bidder _____________________________, as Principal, and ____________________________, as a Corporation Surety authorized under the laws of the Commonwealth of Kentucky, and authorized to write this type of bond through a resident agent of the corporation located in the State of ___________________, as surety, are held and firmly bound unto the Kenton County Airport Board in the sum of _______________________________________ Dollars ($_____________) 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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