3-Bonding Capacity Letter 2024.pdf

PDF 121 KB Posted

Attached to
BP048 HVAC - MEP West Zone 3 Package A
Solicitation number
CSP 26-036KB
Issued by
Fort Bend County, Texas

About this file

This is a Bonding Capacity Certification Letter required by Fort Bend Independent School District (FBISD) for the BP048 HVAC - MEP West Zone 3 Package A project in Texas. The document serves as a certified statement from a surety company confirming that the contractor's bonding capacity will not be exceeded by the submission of a proposal for the referenced FBISD Construction Services Program (CSP). The letter must be completed and returned as part of the original submission package and must include the contractor's firm name, address, and contact information, along with the project title and CSP number. Required information includes the surety company's present bonding limits per occurrence and in aggregate, the percentage of bonding capacity that will be expended with the inclusion of FBISD's project, and a comprehensive accounting of all projects for which the contractor is currently preparing bids or proposals or has not yet received awards across all delivery methods including competitive bids, design-build, and construction manager at risk arrangements.

The surety company must certify that it is duly authorized by the State of Texas Division of Insurance and provide its A.M. Best rating and financial size category. The document must be notarized on an original with an embossed stamp, and a Power of Attorney form must be attached. The certification letter must follow this specified format and include the surety company's authorized signature, date, and acknowledgment section with notarization completed by a notary public. This bonding requirement ensures the contractor has adequate financial capacity to complete the HVAC and mechanical, electrical, and plumbing work for the West Zone 3 Package A project.

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Text version

RETURN THIS DOCUMENT IN FRONT OF ORIGIONAL SUBMISSION PACKAGE

006000.01 – PROJECT

FORMS Page 1 of 2

BONDING CAPACITY CERTIFICATION LETTER

OWNER

Fort Bend Independent School District 555 Julie Rivers Drive Sugar Land, TX 77478 281-634-1803

CONTRACTOR

Firm Name Address City, State, Zip Code Phone

This letter serves as a certified statement that the Surety Company’s authorized bonding capacity for the referenced Contractor will not be exceeded by the inclusion of Contractor’s submitted proposal for FBISD’s CSP ________________, Title of CSP The present limits on bonding for the referenced Contractor are as follows:

$ each occurrence.

$ Aggregate

Percentage of bonding capacity expended with inclusion of FBISD’s CSP ________________, Title of CSP ………..% Amount of ALL projects that the Contractor is currently preparing bid/proposals and/or have not yet been awarded: $ (Amount indicated above must be representative of all projects inclusive of delivery methods such as the following but not limited to: Competitive Bids, Competitive Sealed Proposals, Design-Build, Construction Manager at Risk, Job Order Contracting etc.,)

Issuance and approval of any bond shall be predicated on the most current financial and job information available to the underwriter on the date that the bond is issued. The Surety Company hereby certifies that they are duly authorized by certificate of authority issued by the State of Texas Division of Insurance and that they are rated as follows:

A.M. Best Rating:

Financial Size Category

Notes: This is the only acceptable format for the Surety’s Bonding Capacity Certification Letter.

RETURN THIS DOCUMENT IN FRONT OF ORIGIONAL SUBMISSION PACKAGE

006000.01 – PROJECT

FORMS Page 2 of 2

This statement must be notarized (on an original document with an embossed stamp).

Power of Attorney form must be attached.

SURETY COMPANY

Surety Company Name Address City, State, Zip Code

Authorized Signature:

Date: / /

ACKNOWLEDGMENT

State of

County of

Subscribed and sworn to before me this day of 2024

My Commission Expires

(Notary Seal)

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