4-Bid Guaranty and Performance.pdf

This is a Bid Guaranty and Performance/Payment Bond Requirements document for Harris County, Texas, related to Channel Erosion Repairs at Little Cypress Creek Watershed for the Harris County Flood Control District. The document establishes mandatory bonding requirements that bidders must satisfy to participate in the procurement process. All bidders are required to submit a guaranty with their bids confirming their commitment to execute and furnish a performance and/or payment bond within ten days of contract award and receipt of the bond application form from Harris County.

Bidders may submit their guaranty in one of two forms: an individual bid bond payable to Harris County for 5% of the total bid amount, or a bank cashier's check payable to Harris County for 5% of the total bid amount. If the successful bidder submits a cashier's check, Harris County reserves the right to either hold the check until contract completion or require submission of a performance and/or payment bond. The final performance and/or payment bond must equal the full contract amount unless otherwise specified and must be executed by a surety company authorized to conduct business in Texas. Harris County will only accept the prescribed performance and/or payment bond application form provided by the county. Failure to return completed bond forms and related documents to the Harris County Office of the Purchasing Agent at 1111 Fannin Street, 12th Floor, Houston, Texas 77002 within ten days of award may result in the award being rendered ineffective. Written verification of bond validity from the contractor's surety must be received by the Purchasing Agent's office before any contract payments will be issued.