4-Offeror Bond Bid Form.pdf
PDF 72 KB Posted
- Solicitation number
- 26-0401526-P-AW
- Issued by
- Fulton County, Georgia
About this file
This is an Offeror Bond/Bid Bond Form for the Atlanta Independent School System, a Georgia-based public school district. The form establishes the bonding requirements for offerors submitting proposals in response to the Demolition Bundle for West Atlanta, Peterson, Brewer, Anderson Park, and Pryor Street project. The bond serves as a guarantee that the selected offeror will execute a written contract, secure all required performance and payment bonds acceptable to the school system, and comply with all terms, conditions, and obligations outlined in the request for proposals and resulting contract. The bond obligation remains in full force for a minimum of 90 days from the offer date, or longer as required by law or mutual agreement between the owner and offeror.
The bond amount is to be determined and filled in by the surety and offeror prior to submission. The surety's maximum liability under the bond is limited to the stated penal sum amount. The form requires certification by an attorney-in-fact for the surety, notarization, and attachment of a certified copy of the power of attorney and all-purpose acknowledgment. Additionally, the court may award reasonable attorneys' fees and costs to the prevailing party in any suit brought on the bond, potentially exceeding the penal sum. The bond form cannot be altered, modified, or changed from its original format.
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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.)
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