3-08 Bid Bond.pdf
PDF 124 KB Posted
- Solicitation number
- Bid #92-01-26
- Issued by
- Bell County, Texas
About this file
This is a Bid Bond form issued by the City of Temple, Texas, a home rule municipal corporation in Bell County, for a construction project involving the Pepper Creek Drainage Channel and Wastewater line north of the outer loop in the North Industrial Park. The project requires construction of a drainage channel and wastewater line, with the selected contractor obligated to complete all work within 300 consecutive calendar days from the Notice to Proceed.
The engineer's estimate of probable cost for this project is $2,020,000. The bid bond serves as a guarantee that the principal (bidder) will faithfully enter into the written contract with the City of Temple. If the principal withdraws its bid after opening and before official rejection, or if awarded the contract but fails to enter into it and furnish satisfactory Performance and Payment Bonds, the City is entitled to collect the full amount of the bid bond as liquidated damages. Bidders must complete and upload the bid bond to EUNA Procurement or submit it via hard copy, and must attach a Power of Attorney with their submission.
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Text version
COMPLETE & UPLOAD TO EUNA PROCUREMENT
OR SUBMIT VIA HARD COPY
BID BOND
THE STATE OF TEXAS § SURETY'S NO. ___________
COUNTY OF §
KNOW ALL MEN BY THESE PRESENTS, THAT
(hereinafter called the Principal), as Principal, and
(hereinafter called the Surety), as Surety, are bound unto the City of Temple, Texas, a home rule municipal corporation of Bell County, Texas (hereinafter called Obligee) in the amount
DOLLARS ($ ), for the payment whereof said Principal and Surety bind themselves, and their heirs, administrators, executors, successors, and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a Bid to enter into a certain written Contract with the
City of Temple for the construction of the following:
PEPPER CREEK DRAINAGE CHANNEL & WASTEWATER
NORTH OF THE OUTER LOOP
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall faithfully, enter into such written Contract, then this obligation shall be void;
otherwise, to remain in full force and effect.
IT IS EXPRESSLY UNDERSTOOD AND AGREED that if said Principal should withdraw its
Bid any time after such Bid is opened and before official rejection of such Bid or, if successful in securing the award thereof, said Principal should fail to enter into the Contract and furnish satisfactory Performance Bond and Payment Bond, the Obligee, in either of such events, shall be entitled and is hereby given the right to collect the full amount of this Bid Bond as liquidated damages.
COMPLETE & UPLOAD TO EUNA PROCUREMENT
OR SUBMIT VIA HARD COPY
PROVIDED, further that if any legal action be filed upon this Bond, venue shall lie in Bell
County, Texas.
IN WITNESS WHEREOF, the said Principal and Surety do sign and seal this instrument, this day of , 2026.
Principal/Contractor Surety
By
Address
By ________
Address ________
NOTE: Attach Power of Attorney
File details come from the government source that posted it. Updated .