4-BID BOND FORM.pdf
PDF 2 MB Posted
- Attached to
- 26B-012 GRAPPLE TRAILER
- Solicitation number
- 26B-012
- Issued by
- Marion County, Florida
About this file
The document is a Form of Bid Bond for the Marion County Board of County Commissioners located in Ocala, Florida. This standard bid bond template establishes the legal and financial framework for a contractor's bid submission, requiring the principal (bidder) and surety to guarantee the bid's integrity and potential contract performance. The form outlines the conditions under which the bond will be enforced, including the bidder's obligation to enter into a contract if awarded and provide necessary performance bonds.
The bid bond includes provisions for handling bid security, specifically noting that if a Cashier's Check is submitted in lieu of a traditional bond, payments from the top three ranked firms will be held by Procurement Services until a contract is executed and approved by the County. The document also details return procedures for bid bonds, with firms responsible for retrieving their bond checks or arranging courier delivery. Firms requesting standard USPS mail return must do so in writing, with the County disclaiming liability for lost or misdirected mail.
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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 .