4-Bid Bond.pdf

PDF 147 KB Posted

Attached to
Operations of the Biosolids Dewatering Facility, Sludge Dewatering, and Hauling
Solicitation number
2026015
Issued by
Indian River County, Florida

About this file

Written by GovTribe AI ·

This is a Bid Bond form for Indian River County, Florida, serving as a required surety instrument for bidders on county projects. The bond document establishes the contractual obligation between the principal bidder and a surety, guaranteeing the principal's commitment to execute the awarded contract. Bidders must submit this bond with their bid proposal for the Operations of the Biosolids Dewatering Facility, Sludge Dewatering, and Hauling project. The bond remains valid for ninety (90) days following bid opening, during which time the successful bidder must execute the formal contract within fifteen (15) calendar days after prescribed contract forms are presented for signature. The bond also requires the principal to provide performance and payment bonds as specified in the bidding and contract documents with acceptable sureties.

The bid bond amount is to be specified by the bidder and represents the penalty amount payable to Indian River County if the principal fails to meet its obligations. The bond protects the county by ensuring that if a bidder withdraws its bid after the ninety-day period expires or fails to execute the contract within the specified timeframe, the surety becomes liable to reimburse the county for any difference between the bid amount and the cost to procure the work from an alternative contractor. For corporate bidders, execution requires the principal's corporate seal and authorized officer signature, while non-corporate bidders must provide personal signatures. Notarized acknowledgments of the surety and the surety's Power of Attorney must be attached to the bond submission.

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9-2026015 Operations of the Biosolids Dewatering Facility, Sludge Dewatering, and Hauling.pdf PDF
8-Sample Agreement and Contract Documents.pdf PDF

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Bid Bond-1

BID BOND

COUNTY OF Bid No.

STATE OF

KNOW ALL MEN BY THESE PRESENTS, that we, , as Principal and , as Surety, are held and firmly bound unto the

Indian River County Board of County Commissioners, hereinafter called Owner, in the sum of

$ dollars ($ ) lawful money of the United

States of America, for the payment of which sum, well and truly to be made, we bind 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 the __________________________________ Project.

NOW, THEREFORE, if the Principal shall not withdraw said Bid within ninety (90) days after date of opening of the same and shall within fifteen (15) calendar days after the prescribed forms are presented to him for signature, enter into a written contract with Owner, in accordance with the Bid, as accepted, and shall give such bond or bonds as may be specified in the Bidding or Contract documents, with good and sufficient sureties, as may be required, for the faithful performance and proper fulfillment of such

Contract, and for the payment of labor and supplies incurred in connection therewith, or in the event of the withdrawal of said Bid within the period specified, in 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 work and/or supplies, if the latter amount be in excess of the former, then the above obligations shall be void and of no effect, otherwise, to remain in full force and virtue.

IN WITNESS WHEREOF, the above bound parties have executed this statement under their several seals this ________ day of , 20 __ , the name and corporate seal, if applicable, being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body.

Bid Bond-2

FOR CORPORATE BIDDERS:

(Secretary)

WITNESS:

FOR NON-CORPORATE BIDDERS:

(Secretary)

(Principal) (Seal)

By:

Title:

Surety:

(Seal)

By:

(Attorney-in-Fact)

Typed Name:

Address:

(Principal) (Seal)

Title:

Surety:

(Seal)

(Attorney-in-Fact)

Typed Name:

Address:

Note: Notary acknowledgement for Surety and Surety’s Power of Attorney must be attached.

COUNTY OF:
Bid No:
STATE OF:
KNOW ALL MEN BY THESE PRESENTS that we:
and:
Textfield:
dollars:
accompanying bid dated:
for the:
this:
day of:
By:
Title:
Textfield-0:
Surety:
Typed Name:
Address:
Textfield-1:
By-1:
Title-0:
Textfield-2:
Surety-0:
Textfield-3:
Typed Name-0:
Textfield-4:
Year:
Textfield-5:

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