4-Bid Bond Form.pdf
PDF 179 KB Posted
- Attached to
- Bid 2026-08 - Zinc Orthophosphate
- Solicitation number
- 2026-08
- Issued by
- Monmouth County, New Jersey
About this file
This is a Bid Bond Form document issued by the Township of Marlboro in New Jersey for use in connection with Bid 2026-08 for the Provision of Zinc Orthophosphate to the Marlboro Township Water Utility. The form establishes a binding agreement between a bidder (Principal) and a surety company, requiring both parties to guarantee the bidder's performance and compliance with contract terms. The bond obligates the Principal and Surety to ensure that if the submitted bid is accepted, the bidder will execute a formal contract, furnish performance and payment bonds, and complete all work in accordance with the bid specifications and contract requirements. The bond remains in effect unless the bid is rejected or the Principal fully executes the contract and performs all related obligations.
The bid bond specifies that the surety's liability is capped at the penal amount stated in the bond, with the surety waiving notice of any extensions granted by the Township for bid acceptance. Bidders are required to complete the form with their corporate information, obtain authorized signatures from corporate officers, and secure the surety company's seal and signature by an attorney-in-fact. This document is a standard requirement to ensure bid integrity and protect the Township's interests during the procurement process for the zinc orthophosphate supply contract.
View the file
Other files
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
TOWNSHIP OF MARLBORO – FORM BID BOND
Bond No.
KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned , as Principal and as Surety, are hereby held and firmly bound unto the Township of Marlboro as Owner, in the penal sum of for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors and assigns.
The conditions of the above obligation are such that whereas the Principal has submitted to The Township of Marlboro a certain Bid, attached hereto and hereby made a part hereof to enter into a Contract in writing for the BID:
NOW THEREFORE,
(a) If said Bid shall be rejected, or in the alternative,
(b) If said Bid shall be accepted and the Principal shall execute and deliver a Contract in the
Form of contract attached hereto (properly completed in accordance with said Bid) and shall furnish Bonds for his faithful performance of said Contract, and for the payment of all persons performing labor or furnishing materials in connection therewith, and shall in all other respects perform the agreement created by the acceptance of said Bid.
then this obligation shall be void; otherwise the same shall remain in force and effect; it being expressly understood and agreed that the liability of the surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated.
The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its Bonds shall be in no way impaired or affected by any extension of the time within which the Owner may accept such Bid; and said Surety does hereby waive notice of any such extension.
IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals, and such of them as are corporations have caused their corporate seals to be hereto affixed and these presents to be signed by their proper officers, the day and year first set forth above.
Signed this day of , 20___
(Corporate Name) (Corp. Seal)
Attest: By ___________________________________ (Corporation Secretary) (Principal Signature)
(Title)
Witness as to Surety: ______________________________________ (Surety Company)
By ___________________________________ (Signature) (Attorney-in-Fact) (Seal)
File details come from the government source that posted it. Updated .