4-Offeror Bond Bid Form.pdf
PDF 72 KB Posted
- Solicitation number
- 26-012826-49-P-AW
- Issued by
- Fulton County, Georgia
About this file
This is an Offeror Bond/Bid Bond Form for the Atlanta Independent School System (AISD), a Georgia-based public school district. The bond form is designed to accompany a proposal submission for an RFP related to the demolition project at West Atlanta, Peterson, Brewer, Anderson Park, and Pryor Street facilities. The form requires the offeror and a surety to jointly and severally bind themselves to AISD in a specified bond amount. The bond remains in effect for a minimum of 90 days from the date of the offer or longer if required by law or mutual agreement between AISD and the offeror. The bond becomes void if the offeror is awarded the contract, executes the written contract within the required timeframe, furnishes any bonds required by the contract specifications and call for offers, and fully performs all contractual terms, conditions, and obligations.
The bond form establishes that the surety's maximum liability is limited to the penal sum amount specified in the bond. The form requires notarization and acknowledgment by an attorney-in-fact representing the surety, with a certified copy of the power of attorney and all-purpose acknowledgment to be attached. Additionally, the form provides that damages sustained by AISD for the offeror's failure to execute a written contract, secure necessary bonds, or comply with contractual obligations are not limited to the bond amount. The court is authorized to award reasonable attorneys' fees and costs to the prevailing party in any suit brought on the bond, even if such amounts exceed the penal sum.
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Text version
OFFEROR BOND/ BID BOND FORM
Bond Number
Surety
Offeror
Owner/Obligee: ATLANTA INDEPENDENT SCHOOL SYSTEM
Amount of Bond: $
Project Description:
RFP Number:
WHEREAS, the Offeror is herewith submitting to OWNER a proposal/offer to the above-referenced RFP, which offer is attached hereto and made a part thereof.
NOW, THEREFORE, the Surety and the Offeror are firmly held and bound, jointly and severally, to OWNER in the amount set forth above, lawful money of the United States, for which payment we bind ourselves, our heirs, executors, administrators, and assigns, jointly and severally, by these presents.
If the Offeror or any part of the offer shall be accepted and a contract awarded to the Offeror by
OWNER, and if the Offeror shall well, truly, and fully perform all the terms, conditions, and obligations to be kept and performed on the part of the Offeror, and shall within the required time enter into a written contract and shall furnish bond(s) as required by the contract and specifications, or the call for offers, or by law, with a surety acceptable to OWNER, then this obligation shall be void; otherwise, it shall remain in full force and effect for a minimum period of 90 days from the date of the offer, or longer if required by law, or longer through mutual agreement of the OWNER and Offeror.
This instrument and the contract or set forth above shall be applied toward, but shall not be considered a limitation upon, any damages which may be sustained by OWNER if the Offeror fails to execute a written contract, or fails to secure the necessary bond(s), or fails to comply with all the terms, conditions and obligations to be kept and performed on the part of the Offeror.
The maximum amount of Surety’s liability claimable and recoverable under this instrument shall be and hereby is expressly limited to the amount of money set forth above. In addition to the liability of the Surety under this bond, the Court shall award to the prevailing party in any suit brought on this bond reasonable attorneys’ fees and costs, even if such amounts exceed the penal sum of this bond.
Dated this day of 20
OFFEROR
By (signed)
Signature of Authorized Person
Title
ACKNOWLEDGMENT BY AN ATTORNEY-IN-FACT
SURETY
By (signed)
Signature of Attorney-In-Fact
State of SS
County of
On , before me, , a
Notary Public, personally appeared , personally known to me
(or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to this instrument, and acknowledged to me that he/she executed the same in his/her authorized capacity and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument.
WITNESS my hand and official seal.
Signature of Notary
(Notary Seal)
Address
City, State
Telephone
ATTACH A CERTIFIED COPY OF THE POWER OF ATTORNEY AND ALL-
PURPOSE ACKNOWLEDGMENT.
(THIS DOCUMENT CANNOT BE ALTERED, MODIFIED, OR CHANGED.)
File details come from the government source that posted it. Updated .