3-83800-113-RW-26 Bid Bond.pdf

PDF 93 KB Posted

Attached to
DCJA Right of Way Mowing
Solicitation number
Not on record
Issued by
Delaware County, Claysville Borough, Pennsylvania

About this file

This document is a Bid Bond for the Darby Creek Joint Authority (DCJA) for a Right-of-Way (R.O.W.) Mowing project. The bond serves as a guarantee that the bidder will not withdraw their bid after opening, will enter into a contract within 10 days of notification of award, and will provide performance and payment bonds as required. The bond protects the owner (DCJA) by ensuring the bidder follows through with the contract terms or pays any difference in costs if they fail to do so.

The bond includes provisions for the principal (bidder) to provide a Performance and Payment Bond in the penal sum of their bid amount. A corporate seal and certificate of corporate principal are required, along with a power of attorney for the person signing on behalf of the surety company. The document provides spaces for signatures, addresses, and other required information, but no specific financial details or bid amounts are filled in on this template form.

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Text version

00310-1

BID BOND

KNOW ALL MEN BY THESE PRESENTS, THAT WE, as PRINCIPAL, and as SURETY, are held and firmly bound unto the Darby Creek Joint Authority,hereinafter called the OWNER), in the penal sum of ($ ) lawful money of the United States, for payment of which sum well and truly to be made, we bond ourselves, our heirs, executors, administrators and successors, jointly and severally, firmly by these presents.

THE CONDITION OF THE OBLIGATION IS SUCH that whereas the Principal has submitted the accompanying Bid dated for DCJA R.O.W. MOWING.

NOW, THEREFORE, if the Principal shall not withdraw said Bid within the time specified therein after the opening of the same, and shall within 10 days after the Principal is notified by the Owner of the award of such Contract to him, enter into a written contract with the Owner, in accordance with the Bid as accepted; and give bond with good and sufficient surety or sureties as may be required for the faithful performance and proper fulfillment and labor supplied, if required in said Contract; or in event of the withdrawal of said Bid within the period specified, or the failure to enter into such Contract and give such bonds within the time specified if the Principal shall pay the Owner the difference between the amount specified in said Bid and the amount for which the Owner may procure the required materials or supplies, or both, if the latter amount of the former, together with any other expenses and costs that may have been incurred by the Owner, then the above obligation shall be void and of no effect, otherwise to remain in full force and virtue.

IN WITNESS WHEREOF, the above bonded parties have executed this instrument under their several seals this day of , 20 , the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body.

WITNESSED BY:

(Individual Principal) (Name of Partner)

(Business Address)

ATTEST:

(Corporate Principal) (Corporate Surety)

By:

(Business Address)

SEAL

(Power of Attorney for person signing for Surety Company must be attached to Bond.)

CERTIFICATE AS TO CORPORATE PRINCIPAL

I, , certify that I am the Secretary of the corporation as Principal in the within bond; and that who signed the said bond on behalf of the Principal was then the of said corporation; that I know his signature, and his signature thereto is genuine; and that said bond was duly signed, sealed and attested to for an in behalf of said corporation by the authority of its governing body.

(Corporate Seal)

We, the undersigned, will provide as Principal, a Performance and Payment Bond on the form provided, to the Owner in the penal sum of the Principal's bid for

(Surety)

(Address)

Date:

Signed:

(Attorney-in-fact)

File details come from the government source that posted it. Updated .