26-ITB-26_Canal_Clearing_-_Bid_Bond.pdf
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- Attached to
- Canal Clearing
- Solicitation number
- 26-ITB-26
- Issued by
- Brevard County, Florida
About this file
This is a Bid Bond document for the City of Palm Bay, Florida's Invitation to Bid 26-ITB-26 for canal clearing services. The project involves vegetation removal from the flats and slopes of eight designated canal locations totaling 8,851 linear feet across multiple city areas including Tupelo Road SW, Brickell Street SE, Wyoming Drive SE, Tea Avenue SE, Tooley Road SW, Garvey Road SW, Pebble Avenue NE, and Pepper Street NE. All tree stumps must be treated with herbicide to prevent regrowth. The contractor must furnish all labor, equipment, materials, and supervision necessary to complete the work. Electronic bids are due on March 31, 2026, with questions due by March 10, 2026 at 5:00 PM. The award will be made to the lowest responsible and responsive bidder whose qualifications best serve the City's interests. The successful bidder must execute the contract and provide required bonds and insurance within fifteen days of receiving the Notice of Award, with contract completion divided into substantial and final completion phases to be determined upon issuance of the Notice to Proceed.
The bid bond amount must equal five percent of the total bid amount. The contractor must perform a minimum of fifty percent of the work with its own organization and must obtain all necessary permits and licenses. Required insurance includes general liability coverage with minimum limits of $1,000,000 per occurrence and $2,000,000 general aggregate, workers' compensation insurance as required by Florida law, and construction and performance bonds equal to the contract price. The City will provide preference to businesses with certified drug-free workplace programs when bids are equal in price, quality, and service. Monthly progress payments will be made subject to a five percent retainage until final completion, governed by Florida's Local Government Prompt Payment Act. Liquidated damages will apply for failure to achieve the substantial completion date. No disadvantaged enterprise set-asides, incumbent vendor information, or specific funding amounts are specified in the solicitation documents. Contract award is contingent upon City Council approval and appropriation of necessary funds.
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Text version
SECTION 00400
BID BOND
KNOWN ALL BY THESE PRESENTS, that we ________________________ (hereinafter called Principal) and ___________________________________________ (hereinafter called the Surety) a corporation chartered and existing under the Laws of the State of ___________________ with its principal offices in the City of _____________________ and authorized to do business in the State of Florida, in the full and just sums of _____________________________________ Dollars ($_______________) good and lawful money of the United States of America, to be paid upon demand of the City of Palm Bay, Florida, to which payment will and truly to be made, we bind ourselves, our heirs, executors, administrators, and assigns, jointly and severally and firmly these presents.
WHEREAS, the Principal has submitted to the City of Palm Bay, Florida, a Bid for the construction of the, Bid # ___________, Project Name:____________________________________________________ and
WHEREAS, the Principal desires to file this bond in accordance with law, in lieu of a certified or cashier’s check otherwise required to accompany this Bid, and
WHEREAS, the City requires a financial statement of the Surety Company to be included as a part, of this contract and the Surety Company must appear on the Treasury Department’s most current list (Circular 570 as amended).
NOW, THEREFORE: the conditions of this obligation are such that if the Bid is accepted, the Principal shall, within fifteen (15) days after the receipt of notification of the acceptance thereof, execute a contract in accordance with the Bid and upon the terms and condition of such Bid, in the form and manner required by the City, and execute a sufficient and satisfactory Public Construction Bond payable to the City, in an amount not less than the total contract price, as indicated by the approximate quantities shown in the Bid, in form and with security satisfactory to the City, then this obligation to be void; otherwise to be and remain in full force and virtue in law; and the surety shall, upon the failure of the Principal to comply with any or all of the foregoing requirements within the time specified above, immediately pay to the aforesaid City upon demand, the amount hereof in good and lawful money of the United States of America, not as a penalty, but as liquidated damages.
IN TESTIMONY WHEREOF, the Principal and Surety have caused these presents to be duly signed and sealed this ______ day of ___________________, 202___.
ATTEST: PRINCIPAL:
Name and Title Name and Title
ATTEST: SURETY:
Name and Title Name and Title
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