4-Bid Guaranty and Performance.pdf

This is a Bid Guaranty and Performance/Payment Bond Requirements document issued by Harris County for the Concrete Channel Repairs at Halls Bayou project (P118-09-00-X014) under the Harris County Flood Control District. Each bidder must submit a bid guaranty with their proposal, demonstrating their commitment to execute and furnish a performance and/or payment bond within ten days following contract award and receipt of the bond application form. The guaranty may be submitted as either an individual bid bond or a bank cashier's check, each payable to Harris County in an amount equal to 5% of the total bid amount for each separate bid.

The performance and/or payment bond must equal the total contract value unless otherwise specified and must be executed by a surety company authorized to conduct business in the State of Texas. Harris County will only accept the prescribed performance and/or payment bond application form available directly from the county. Bidders must return completed performance and/or payment bond forms and related documents to the Harris County Office of the Purchasing Agent located at 1111 Fannin Street, 12th Floor, Houston, TX 77002, within ten days of award; failure to meet this deadline allows Harris County to render the award ineffective. Additionally, written verification of bond validity must be received from the contractor's surety by the Office of the Purchasing Agent before any contract payments will be issued. If a bank cashier's check is submitted as the initial guaranty, Harris County retains the discretion to either hold the check until contract completion or require a performance and/or payment bond.