26-044-RFP_-_Performance_Bond_-_Attachment_6.pdf
PDF 128 KB Posted
- Attached to
- Ramp Tower Services
- Solicitation number
- 26-044-RFP
- Issued by
- Bell County, Kentucky
About this file
This is a Performance Bond template document issued by the Kenton County Airport Board for the Ramp Tower Services Request for Proposal (26-044-RFP) at Cincinnati/Northern Kentucky International Airport (CVG). The proposal process includes a pre-proposal meeting and site visit scheduled for Thursday, August 13, 2026 at 10:00 am at CVG Airport terminal located at 3087 Terminal Drive, Hebron, Kentucky 41048. Written questions must be submitted by 11:59 pm on Thursday, August 20, 2026, with answers to be posted no later than Thursday, August 27, 2026 at 11:59 pm. Proposals must be received by Thursday, September 3, 2026 at 2:00 pm, with no late submissions accepted unless an addendum extends the deadline.
The performance bond serves as a guarantee that the selected contractor will faithfully perform the contract in accordance with the terms and specifications established by the Kenton County Airport Board. The bond obligates both the contractor and surety to ensure contract completion, with the surety authorized to either complete the work directly or arrange for completion through a lowest responsible bidder if the contractor defaults. The surety waives notice of any alterations or time extensions made by the Owner, and any legal action under the bond must be instituted within one year from the date final payment is due. The bond amount, contractor name, surety name, and contract date are to be completed at the time of execution.
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Text version
KENTON COUNTY AIRPORT BOARD
REQUEST FOR PROPOSAL
RAMP TOWER SERVICES (26-044-RFP)
Rev. 11.3.2016 11.
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS:
That, _______________________________________________, as Principal, hereinafter called Contractor, and _________________________________________, as Surety, hereinafter called Surety, are held and firmly bound unto the Kenton County Airport Board as Obligee, hereinafter called Owner, in the amount of ____________________________________________ Dollars ($ _______), for the payment whereof Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
Contractor has, by written agreement dated __________________________________ entered into a Contract with Owner for the Ramp Tower Services at the Cincinnati/Northern Kentucky International Airport (“CVG”), in accordance with plans and specifications prepared by the Kenton County Airport Board which Contract is by reference made a part hereof, and is hereinafter referred to as the Contract.
THE CONDITION OF THIS OBLIGATION is such that if Contractor shall promptly and faithfully perform said Contract, then the obligation shall be null and void, otherwise, it shall remain in full force and effect.
The Surety hereby waives notice of any alteration or extension of time made by the Owner.
Whenever Contractor shall be, and declared by Owner to be, in default under the Contract, the Owner having performed Owner’s obligations thereunder, the Surety may promptly remedy the default, or shall promptly:
(1) Complete the Contract in accordance with its terms and conditions, or
(2) Obtain a Bid or Bids for completing the Contract in accordance with its terms and conditions, upon determination by Surety of the lowest responsible bidder, or, if the Owner elects, upon determination by the Owner and the Surety jointly of the lowest responsible Bidder, arrange for a Contract between such Bidder and Owner, and make available as work progresses (even though there should be a default or a succession of defaults under the Contract or Contracts of completion arranged under this paragraph) sufficient funds to pay the cost of completion less the balance of the contract price, but not exceeding, including other costs and damages for which the Surety may be liable hereunder, the amount set forth in the first paragraph hereof. The term “balance of the Contract price”, as used in this paragraph, shall mean the total amount payable by Owner to Contractor under the Contract and any amendments thereto, less the amount properly paid by Owner to Contractor.
Any suit under this Bond must be instituted before the expiration of one (1) year from the date on which final payment under the Contract falls due.
KENTON COUNTY AIRPORT BOARD
REQUEST FOR PROPOSAL
RAMP TOWER SERVICES (26-044-RFP)
Rev. 11.3.2016 12.
PERFORMANCE BOND
No right of action shall accrue on this Bond to or for the use of any person or corporation other than the Owner named herein or the heirs, executors, administrators, or successors of the Owner.
Signed and sealed this _________________ day of ___________________________, 20_____.
(WITNESS) PRINCIPAL (SEAL)
(NAME)
(TITLE)
(WITNESS) SURETY (SEAL)
(NAME)
(TITLE)
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