4-05 Bid Bond.pdf
PDF 173 KB Posted
- Solicitation number
- Bid #35-02-26
- Issued by
- Bell County, Texas
About this file
This is a bid bond form required by the City of Temple, Texas for the Georgetown Railroad Trail, Phase 1 project (CSJ: 0909-36-173). The project involves the installation of approximately 7,400 linear feet of a 10-foot ADA-compliant hike and bike trail along the Georgetown Railroad corridor from South 31st Street to South 5th Street. The scope of work includes landscaping elements, an irrigation system, pedestrian lighting, electrical components, and a pedestrian HAWK signal at the intersection of South 31st Street and the Georgetown Railroad. The selected contractor must complete all work within 210 consecutive calendar days from the Notice to Proceed. The contract will be awarded on a unit price basis, and TxDOT Standard Specifications are required for this project.
Bidders are required to submit a 5 percent bid bond with their bid submission, either through the Bonfire platform or via hard copy. The City of Temple may reject bids that include bid bonds submitted on forms other than the City's standard form if it determines that the alternative bond does not provide equivalent protection. The engineer's estimate of probable cost for this project is $3,780,000 and is funded by TxDOT. If a successful bidder withdraws its bid after opening or fails to enter into the contract and furnish satisfactory Performance and Payment Bonds, the City is entitled to collect the full bid bond amount as liquidated damages. Venue for any legal action on the bond shall lie in Bell County, Texas.
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Text version
COMPLETE & UPLOAD TO BONFIRE
OR SUBMIT VIA HARD COPY
BID BOND
Bidders must submit a 5% bid bond with their bid. Bidders are encouraged to use the City’s attached bid bond form for this purpose. The City may reject bids which include bid bonds submitted on something other than the City’s form if it determines in its sole discretion that the bid bond does not provide the same level of protection as the City’s bid bond form provides.
BID BOND
THE STATE OF TEXAS § SURETY'S NO. ___________
COUNTY OF §
KNOW ALL MEN BY THESE PRESENTS, THAT
(hereinafter called the Principal), as Principal, and
(hereinafter called the Surety), as Surety, are bound unto the City of Temple, Texas, a home rule municipal corporation of Bell County, Texas (hereinafter called Obligee) in the amount
DOLLARS ($ ), 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:
GEORGETOWN RAILROAD TRAIL, PHASE 1
(TXDOT FUNDED, CSJ: 0909-36-173)
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.
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
| COUNTY OF: |
| KNOW ALL MEN BY THESE PRESENTS THAT 1: |
| KNOW ALL MEN BY THESE PRESENTS THAT 2: |
| KNOW ALL MEN BY THESE PRESENTS THAT 3: |
| hereinafter called the Principal as Principal and 1: |
| hereinafter called the Principal as Principal and 2: |
| payment whereof said Principal and Surety bind themselves and their heirs administrators: |
| DOLLARS: |
| day of: |
| By: |
| undefined: |
| Address: |
| Surety: |
| Address_2: |
| Text1: |
| Text2: |
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