5-05 Bid Bond - Required.pdf
PDF 147 KB Posted
- Attached to
- Avenue A Improvements Phase I
- Solicitation number
- Bid #95-02-26
- Issued by
- Bell County, Texas
About this file
This is a bid bond requirement document issued by the City of Temple, Texas for the Avenue A Improvements Phase I construction project. Bidders must submit a 5% bid bond with their proposal, and the City requires use of its standard bid bond form to ensure consistent protection. The project encompasses improvements on Avenue A from S. 6th Street to the alley east of S. 2nd Street and on 4th Street from Central Avenue to Avenue A, including water utilities, drainage infrastructure, pedestrian and bicycle enhancements, vehicular mobility improvements, landscaping, and signage. The engineer's estimate of probable cost is $1,751,425, and the selected contractor must complete all work within 182 consecutive calendar days from Notice to Proceed.
The bid bond serves as a guarantee that the principal will faithfully enter into the written contract if awarded. Bidders who withdraw their bid after opening and before official rejection, or who fail to enter into the contract and furnish satisfactory Performance and Payment Bonds after winning the award, are subject to forfeiture of the full bid bond amount as liquidated damages. The bond must be executed by the principal contractor and surety, with venue for any legal action established in Bell County, Texas. Bidders are required to upload the completed bond to EUNA Procurement or submit it via hard copy, and must attach a Power of Attorney with the submission.
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Text version
COMPLETE & UPLOAD TO EUNA PROCUREMENT
OR SUBMIT VIA HARD COPY
BID BOND
Bidders must submit a 5% bid bond with their bid. Bidders are encouraged to use the City’s attached bid bond form for this purpose. The City may reject bids which include bid bonds submitted on something other than the City’s form if it determines in its sole discretion that the bid bond does not provide the same level of protection as the City’s bid bond form provides.
BID BOND
THE STATE OF TEXAS § SURETY'S NO. ___________
COUNTY OF §
KNOW ALL MEN BY THESE PRESENTS, THAT
(hereinafter called the Principal), as Principal, and
(hereinafter called the Surety), as Surety, are bound unto the City of Temple, Texas, a home rule municipal corporation of Bell County, Texas (hereinafter called Obligee) in the amount
DOLLARS ($ ), for the payment whereof said Principal and Surety bind themselves, and their heirs, administrators, executors, successors, and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a Bid to enter into a certain written Contract with the
City of Temple for the construction of the following:
AVENUE A IMPROVEMENTS PHASE I
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall faithfully, enter into such written Contract, then this obligation shall be void;
otherwise, to remain in full force and effect.
IT IS EXPRESSLY UNDERSTOOD AND AGREED that if said Principal should withdraw its
Bid any time after such Bid is opened and before official rejection of such Bid or, if successful in securing the award thereof, said Principal should fail to enter into the Contract and furnish satisfactory Performance Bond and Payment Bond, the Obligee, in either of such events, shall be entitled and is hereby given the right to collect the full amount of this Bid Bond as liquidated damages.
PROVIDED, further that if any legal action be filed upon this Bond, venue shall lie in Bell
County, Texas.
IN WITNESS WHEREOF, the said Principal and Surety do sign and seal this instrument, this day of , 2026.
Principal/Contractor Surety
By
Address
By ________
Address ________
NOTE: Attach Power of Attorney
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