27-ITB 26-403 - Bid Bond.pdf
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- Solicitation number
- ITB No.: 26-403/DL
- Issued by
- Palm Beach County, Florida
About this file
This is a Bid Bond form for Invitation to Bid (ITB) No. 26-403/DL issued by the Solid Waste Authority of Palm Beach County, Florida, for the Rehabilitation of Manholes, Sanitary Stations and Wet Wells. The project encompasses rehabilitation of twenty-six (26) manholes, thirteen (13) Detection Stations, two (2) Pump Stations, replacement of eleven (11) Manhole Covers and Rims in Class I and Class III landfill leachate collection systems, and five (5) Sanitary Lift Stations, including cleaning and protective coatings. The contractor must be a licensed and authorized Warren Environmental products applicator with a minimum of five (5) years' experience. This phased project will be executed over an initial two (2) year period with an option for renewal for an additional one (1) year at the Authority's discretion. The contractor shall provide all labor, materials, equipment, and incidentals required for completion. Responses must be submitted electronically through Bonfire by the specified deadline, and bidders are encouraged to submit in advance of the due date.
The Bid Bond requires a surety amount equal to five percent (5%) of the Bid Price and must be executed by both the Principal (Bidder) and a Surety company. The Surety company must appear on the Treasury Department's current list (Circular 570 as amended) and be authorized to transact business in the State of Florida in accordance with Florida Statute 287.0935, with approval from the Solid Waste Authority of Palm Beach County. Upon acceptance of the bid, the successful bidder must execute the contract within twenty-one (21) days of the Notice of Award and furnish all required insurance documentation and performance bonds. Failure to provide required bonds, insurance, and documentation, or to execute the contract within the specified timeframe, will result in the Bid Security being forfeited to the Authority as liquidated damages. Small Business Enterprise (SBE) Participation is not required for this solicitation.
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Text version
SECTION 00300
BID FORM
ITB No.: 26-403/DL – Rehab of Manholes, Sanitary - 28 – Stations and Wet Wells
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned:
_____________________________________________________________________ as Principal and (Name of Bidder)
_____________________________________________________________________ as Surety, are (Name of Surety) hereby held and firmly bound unto the Solid Waste Authority of Palm Beach County (“AUTHORITY”), West Palm Beach, Florida, as Obligee, in the sum of 5% of Bid Price, well and truly to be made, and we hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors, and assigns.
The documents, including the power of attorney, to be attached to this Bid Bond, will become the property of the AUTHORITY in the event: a) the required Bonds, insurance and other required documentation are not provided to the AUTHORITY; and b) the Contract is not executed within twenty-one ( 21 ) days of the Notice of Award, the Bidder/Principal shall be in default and the Bid Security shall be paid to the AUTHORITY as liquidated damages for the delay and additional expenses to the AUTHORITY caused thereby.
The condition of this obligation is such that the Principal has submitted to the Solid Waste Authority of Palm Beach County a certain Bid to which this Bid Bond is attached and made a part hereof, to enter into a contract in writing, hereinafter referenced to as the Rehabilitation of Manholes.
NOW THEREFORE,
a. If said Bid shall be rejected or withdrawn as provided in the Invitation to Bid and Instructions to BIDDERS or, in the alternative,
b. If said Bid shall be accepted and the Principal shall duly execute and deliver a Contract in substantially similar form of
Contract attached hereto and approved by the AUTHORITY and shall furnish all insurance requirements, the specified bond for the faithful performance of the Contract and for the payment of labor and materials furnished for the performance of the Contract, then this obligation shall be void. Otherwise it shall remain in full force and effect, it being expressly understood and agreed that the liability of the surety for any and all claims hereunder in no event shall exceed the amount of this obligation.
The Surety, for value received, hereby agrees that the obligations of said Surety and its bond shall be in no way impaired or affected by any extensions of the time within which such Bid may be accepted, and said Surety does hereby waive notice of any such extensions.
SECTION 00300
BID FORM
ITB No.: 26-403/DL – Rehab of Manholes, Sanitary - 29 – Stations and Wet Wells
In WITNESS WHEREOF, the parties hereto have duly executed this bond on the ______ day of ______________________, 20_____.
PRINCIPAL: _______________________________________
By: _________________________________________ Signature Witness: (Seal) Name: _________________________________________
1. ____________________________ Title: _________________________________________
2. ____________________________ Address: _________________________________________
Telephone: (______) _________________________________
SURETY: _________________________________________
By: __________________________________________ Signature Witness: (Seal) Name: _________________________________________
1. ____________________________ Title: _________________________________________
2. ____________________________ Address: _________________________________________
Telephone: (______) __________________________________
Surety companies executing bonds must appear on the Treasury Department’s most current list (Circular 570 as amended) and be authorized to transact business in the State of Florida, in accordance with Florida Statute 287.0935, and be approved by the Solid Waste Authority of Palm Beach County.
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