5-00 61 40 Bid Bond Template.pdf
PDF 50 KB Posted
- Attached to
- CLEAVER-BROOKS BOILER UPGRADES
- Solicitation number
- BCUA-25-C220
- Issued by
- Bergen County, New Jersey
About this file
This document is a Bid Bond for the Bergen County Utilities Authority (BCUA), a standard legal form used to guarantee a bidder's commitment to enter into a contract if awarded. The bond serves as a financial protection for the obligee (BCUA), ensuring that the principal (bidder) will fulfill contractual obligations, including performance, labor and material payments, and environmental maintenance requirements. The bond requires the principal to submit all necessary documentation and meet specified contract conditions within the timeframes outlined in the Contract Documents.
The bid bond does not specify the exact project details, bid amount, or specific contract terms, as those sections are left blank in this template document. The bond is designed to be flexible and can be adapted for various projects by filling in the specific details. It includes provisions to conform to statutory or legal requirements in the project's location and is intended to be interpreted as a statutory bond rather than a common law bond. The document provides spaces for signatures from the principal, surety, and witnesses, with seals to be affixed at the time of execution.
View the file
Other files
Show all 18
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
BERGEN COUNTY U.A. Bid Bond
CONFORMING BID BOND Bergen County Utilities Authority
KNOW ALL MEN BY THESE PRESENTS, that we ________________________________________
_________________________________, Hereinafter called the Principal as Principal, and ____
__________________________________, a corporation duly organized under the law of the
State of ______________ and licensed or authorized to do business in New Jersey, hereinafter called the Surety, as Surety, are held and firmly bound unto _____________________________
___________________________ hereinafter called the Obligee, in the sum of ______________
__________________________ Dollars ($___________________), for the payment of which sum well and truly to be made, the said Principal and the said Surety, binds ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, The Principal has submitted a bid for ______________________________________
NOW, THEREFORE, if the oblige shall accept the Bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid and the Contract Documents; and give such bond or bonds as may be specified in the Contract Documents with good and sufficient surety for the faithful performance of such Contract, for the prompt payment of labor and material furnished in the prosecution thereof and for the environmental maintenance requirements thereof; and deliver evidence of insurance and such other documents as are required by the Contract Documents as conditions precedent to the Owner’s execution of the Contract, all within the times required in the Contract Documents, then this obligation shall be null and void, otherwise to remain in full force and effect.
BERGEN COUNTY U.A. Bid Bond
When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond.
SIGNED AND SEALED this __________ day of _______________________, 20 _____.
In the presence of:
(Seal) PRINCIPAL
WITNESS TITLE
_________________________________________(Seal)
SURETY
___________________________ _________________________________________(Seal)
WITNESS TITLE
File details come from the government source that posted it. Updated .