4-7. BID BOND FORM.pdf
PDF 2 MB Posted
- Solicitation number
- 25B-162
- Issued by
- Marion County, Florida
About this file
This is a Form of Bid Bond template document from Marion County Board of County Commissioners located at 2631 SE 3rd Street, Ocala, FL 34471. The document serves as a standardized form for contractors to provide bid security when submitting proposals for county projects, requiring the contractor (Principal) and their surety company to be bound to the county (Obligee) for a specified dollar amount. The form includes blank fields for the contractor's information, surety company details, project bid number and title, bond amount, and signature lines for both the principal and surety representatives with witnesses.
The bid bond ensures that if the county accepts the contractor's bid, the contractor will enter into a contract and provide the required performance and payment bonds as specified in the bidding documents. If the contractor fails to fulfill these obligations, they must pay the county the difference between their bid amount and the higher amount the county may need to pay another contractor to complete the work, up to the penalty amount of the bond. The document also provides instructions for alternative cashier's check submissions, stating that payment from the top three ranked firms will remain in custody of Procurement Services until a contract is executed, with specific procedures outlined for bond return via courier services or standard mail delivery.
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Text version
FORM OF BID BOND
(Type full name of contractor)
(Type full name and address or legal title of Surety) as Surety, hereinafter
KNOW ALL MEN BY THESE PRESENTS, that I/we
(Type full name and address or legal title of Owner) as Principal, hereinafter called the Principal, and a corporation duly organized under the laws of the State called the Obligee, in the sum of (Type written Amount)
Dollars: ($ ), 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 a bid for (Type Bid Number and Title of project)
NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall-enter a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding 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, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect.
Signed and sealed this day of , 20 .
(Principal) (Seal) (Witness)
(Surety) (Seal) (Witness)
In the event the firm has submitted a Cashier’s Check in lieu of the Bid Bond, payment from a minimum of the top three
(3) ranked firms (subject to change) shall remain in the custody of Procurement Services until a contract is executed with the recommended firm and approved by the County. Once notified, firms are responsible for picking up bond checks, or submitting a courier number (FedEx, UPS). Firms requesting Bid Bonds be returned by standard USPS delivery must request this service in writing via email or fax, relieving the County of all liability for lost or misdirected mail.
Acknowledged, Print Name, Date Signature of called the Surety, are held and firmly bound unto as Obligee, hereinafter
(Signature) (Type Name & Title)
(Signature) (Type Name & Title)
| Principal: |
| Surety: |
| Acknowledged Print Name Date: |
| Signature1_es_:signer:signature: |
| Company Address: |
| Company Address 1: |
| Company Address 2: |
| Address of Surety: |
| Select a State: [ ] |
| Name of Surety: |
| Name/Address of Owner: [Marion County Board of County Commissioners / 2631 SE 3rd Street, Ocala, FL 34471] |
| Dollar Amount: |
| Bid Number and Title of Project: |
| Day: |
| Month: |
| Year: |
| Company Name: |
| Witness Signature 1: |
| Witness Signature 2: |
| Principal Title: |
| Surety Title: |
| Written Amount: |
File details come from the government source that posted it. Updated .