4-83000-104-26 BID BOND FORM.pdf
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- Solicitation number
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- Delaware County, Riceville CDP, Pennsylvania
About this file
This is a Bid Bond Form document for the Township of Ridley, a municipality in Delaware County, Pennsylvania, establishing the terms and conditions required for bidders participating in the township's procurement processes. The form serves as a standard template requiring principals and sureties to guarantee bid performance and contract execution. The bond obligates the principal to withdraw bids only within specified timeframes, execute written contracts within 10 days of award notification, and provide required performance and payment bonds. The document stipulates that failure to comply with these conditions results in the principal owing the township the difference between the bid amount and the actual cost of procuring required materials or services, plus any additional expenses incurred by the township.
The bond form requires completion of penal sum amounts, dates, corporate seals where applicable, and signatures from authorized representatives of both the principal and corporate surety. The document mandates that a Power of Attorney from the surety company be attached and includes certification requirements for corporate principals through the corporation's secretary. For the related Township of Ridley projects, bidders must submit bid bonds equal to 10 percent of their total bid amount, payable to the township, and the successful bidder will be obligated to provide performance and payment bonds equal to 100 percent of the contract price plus a one-year maintenance bond for 10 percent of the contract price. The bond form aligns with prevailing wage requirements, contractor responsibility certifications, and other compliance standards mandated by Pennsylvania statute and township ordinance.
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Text version
004116-2
SECTION 004313
BID BOND
KNOW ALL MEN BY THESE PRESENTS, THAT WE, as PRINCIPAL, and as SURETY, are held and firmly bound unto the (hereinafter called the OWNER), in the penal sum of ($ ) lawful money of the United States, for payment of which sum well and truly to be made, we bond ourselves, our heirs, executors, administrators and successors, jointly and severally, firmly by these presents.
THE CONDITION OF THE OBLIGATION IS SUCH that whereas the Principal has submitted the accompanying Bid dated for .
NOW, THEREFORE, if the Principal shall not withdraw said Bid within the time specified therein after the opening of the same, and shall within 10 days after the Principal is notified by the Owner of the award of such Contract to him, enter into a written contract with the Owner, in accordance with the Bid as accepted; and give bond with good and sufficient surety or sureties as may be required for the faithful performance and proper fulfillment and labor supplied, if required in said Contract;
or in event of the withdrawal of said Bid within the period specified, or the failure to enter into such Contract and give such bonds within the time specified if the Principal shall pay the Owner the difference between the amount specified in said Bid and the amount for which the Owner may procure the required materials or supplies, or both, if the latter amount of the former, together with any other expenses and costs that may have been incurred by the Owner, then the above obligation shall be void and of no effect, otherwise to remain in full force and virtue.
IN WITNESS WHEREOF, the above bonded parties have executed this instrument under their several seals this day of , 20 , the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body.
WITNESSED BY:
(Individual Principal) (Name of Partner)
(Business Address)
ATTEST:
(Corporate Principal) (Corporate Surety)
By:
(Business Address)
SEAL
(Power of Attorney for person signing for Surety Company must be attached to Bond.)
CERTIFICATE AS TO CORPORATE PRINCIPAL
I, , certify that I am the Secretary of the corporation as Principal in the within bond;
and that who signed the said bond on behalf of the Principal was then the of said corporation; that I know his signature, and his signature thereto is genuine; and that said bond was duly signed, sealed and attested to for an in behalf of said corporation by the authority of its governing body.
(Corporate Seal)
We, the undersigned, will provide as Principal, a Performance and Payment Bond on the form provided, to the Owner in the penal sum of the Principal's bid for
(Surety)
(Address)
Date:
Signed:
(Attorney-in-fact)
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