Attachment 1 FAR 52.225-1 Amend 0004.pdf
PDF 46 KB Posted
- Attached to
- Z1DA--550-24-109 Pond Area Improvement CON
- Solicitation number
- 36C25226B0019
About this file
This is a standard federal contracting form establishing bid guarantee requirements for sealed bid procurements.
Bidders are required to submit a bid guarantee in one of several acceptable forms: a bid bond supported by government-approved surety, postal money order, certified check, cashier's check, irrevocable letter of credit, or certain U.S. Treasury bonds or notes. The bid guarantee amount shall be the lesser of 20 percent of the bid price or $350,000.00. Failure to submit a bid guarantee in proper form and amount by the bid opening deadline may result in bid rejection. The Contracting Officer will return bid guarantees to unsuccessful bidders as soon as practicable after bid opening and to the successful bidder upon execution of all contractual documents and required bonds. If the successful bidder fails to execute all contractual documents or furnish executed bonds within 10 days of receiving the forms, the Contracting Officer may terminate the contract for default. In the event of default termination, the bidder remains liable for any costs exceeding the original bid amount, and the bid guarantee is available to offset the difference between the acquisition cost and the bid price.
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Other files
| File | Type | Posted |
|---|---|---|
| 36C25226B0019 0005.docx | DOCX document | |
| 36C25226B0019 0004.docx | DOCX document | |
| 36C25226B0019 0003.docx | DOCX document | |
| 36C25226B0019 0002.docx | DOCX document | |
| Attachment 1 - Pre-Bid RFI 550-24-109 CON Responses.pdf | ||
| Attachment 3 - 09 91 00 - Painting.pdf | ||
| Attachment 2 - VA DAN Master Site-Map View.pdf | ||
| Attachment 4 - Site Visit SIGN IN SHEET 550-24-109 FE.pdf | ||
| 36C25226B0019 0001.docx | DOCX document | |
| Attachment 3 - 550-24-109 Pond Improvement Drawings.pdf | ||
| Attachment 1 - 550-24-109 SOW Synopsis FINAL.pdf | ||
| Attachment 2 - 550-24-109 Pond Area Specs.pdf | ||
| 36C25226B0019_1.docx | DOCX document | |
| Attachment 4 - 550-24-109CON Wage Determination.pdf |
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Text version
FAR 52.228-1 BID GUARANTEE (SEP 1996)
(a) Failure to furnish a bid guarantee in the proper form and amount, by the time set for opening of bids, may be cause for rejection of the bid.
(b) The bidder shall furnish a bid guarantee in the form of a firm commitment, e.g., bid bond supported by good and sufficient surety or sureties acceptable to the Government, postal money order, certified check, cashier's check, irrevocable letter of credit, or, under Treasury Department regulations, certain bonds or notes of the United States. The Contracting Officer will return bid guarantees, other than bid bonds—
(1) To unsuccessful bidders as soon as practicable after the opening of bids; and
(2) To the successful bidder upon execution of contractual documents and bonds (including any necessary coinsurance or reinsurance agreements), as required by the bid as accepted.
(c) The amount of the bid guarantee shall be 20 percent of the bid price or 350,000.00, whichever is less.
(d) If the successful bidder, upon acceptance of its bid by the Government within the period specified for acceptance, fails to execute all contractual documents or furnish executed bond(s) within 10 days after receipt of the forms by the bidder, the Contracting Officer may terminate the contract for default.
(e) In the event the contract is terminated for default, the bidder is liable for any cost of acquiring the work that exceeds the amount of its bid, and the bid guarantee is available to offset the difference.
(End of Provision)
FAR 52.228-1 BID GUARANTEE (SEP 1996)
File details come from the government source that posted it. Updated .