3. -Bid Bond Exhibit A.doc
DOC document 31 KB Posted
- Solicitation number
- B26002314
- Issued by
- Hawaii County, Hawaii
About this file
This is a Bid Bond Exhibit A form used by the State of Hawaii, Department of Land and Natural Resources (DLNR), Division of Forestry & Wildlife-Hawaii District for the Pololu Trail Historic Restoration and Stabilization Project. The bid bond document establishes a surety bond requirement between the offeror (Principal), a bonding company (Surety), and the State/County Entity (Owner). The bond secures the offeror's obligation to enter into a contract with the Owner upon acceptance of the bid and to provide performance and payment bonds as specified in the solicitation or contract documents. The form includes blank fields for the bond number, offeror's legal name, bonding company name, penal sum amount, project number and description, execution date, and signatures from both the Principal and Surety representatives. The condition of the bond becomes null and void if the Owner accepts the Principal's offer and the Principal executes the contract with required performance and payment bonds; otherwise, the bond remains in full force and effect.
The bid bond serves as a guarantee of good faith and financial responsibility from bidders submitting proposals for the Pololu Trail Historic Restoration and Stabilization Project. All bidders must comply with Hawaii's Compliance Evaluation (HCE) requirements to qualify for selection, and vendors must bid on all line items to be considered, though not all line items are guaranteed to be awarded due to budget constraints. Additional specifications and project details are available through jackson.m.bauer@hawaii.gov. The specific penal sum amount, project scope details, bid due date, and award timeline are referenced in related solicitation documents and attachments.
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Other files
| File | Type | Posted |
|---|---|---|
| 2. -Offer Form.pdf | ||
| AG-008 103D General Conditions (1.10.23).pdf | ||
| 1. -Attachment A. Pololu Trail Restoration Scope.pdf |
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Text version
EXHIBIT A
SURETY [BID] [PROPOSAL] BOND
(11/17/98)
Bond No. __________
KNOW TO ALL BY THESE PRESENTS:
That we, ________________________________________________________________, (Full Name or Legal Title of Offeror) as Offeror, hereinafter called Principal, and __________________________________________, (Name of Bonding Company) as Surety, hereinafter called Surety, a corporation authorized to transact business as a Surety in the State of Hawaii, are held and firmly bound unto __________________________________, (State/County Entity) as Owner, hereinafter called Owner, in the penal sum of _________________________________
(Required Amount of Bid Security)
Dollars ($______________), lawful money of the United States of America, for the payment of which sum well and truly to be made, the said Principal and the said Surety bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS:
The Principal has submitted an offer for
(Project by Number and Brief Description)
NOW, THEREFORE:
The condition of this obligation is such that if the Owner shall reject said offer, or in the alternate, accept the offer of the Principal and the Principal shall enter into a Contract with the Owner in accordance with the terms of such offer, and give such bond or bonds as may be specified in the solicitation or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof as specified in the solicitation then this obligation shall be null and void, otherwise to remain in full force and effect.
Signed this _______ day of _______________, _______.
(Seal)
Name of Principal (Offeror)
Signature
Title
(Seal)
Name of Surety
Signature
Title
-2-
EXHIBIT A
File details come from the government source that posted it. Updated .