5-09 Required Form - Bid Bond.pdf
PDF 147 KB Posted
- Attached to
- Fire Station No. 2 Renovation & Expansion
- Solicitation number
- CSP #22-01-26
- Issued by
- Bell County, Texas
About this file
This is a bid bond form required by the City of Temple, Texas for the Fire Station No. 2 Renovation & Expansion project. Proposers must submit a bid bond equal to 5% of their proposal amount as a condition of bid submission. The project involves the renovation and expansion of Fire Station No. 2 located at 1710 E. Avenue H in Temple, Texas, including reconfiguration of interior spaces to create six individual bedrooms, two restrooms with showers, a remodeled kitchen and dayroom, an IT closet, and a dedicated office. An approximately 460-square foot addition will be constructed on the east side of the existing living quarters, the existing west porch will be enclosed and converted into a gear storage room, and exterior stone veneer will be removed and replaced. The selected contractor must complete all work within 365 consecutive calendar days from the Notice to Proceed.
The engineer's estimate of probable cost for this project is $1,672,844. The bid bond must be submitted on the City's prescribed form or the City may reject the proposal at its sole discretion if it determines the alternative form does not provide equivalent protection. Proposers must complete the bond form with the principal and surety signatures, along with a Power of Attorney. If a proposer withdraws its proposal after opening and before official rejection, or if awarded but fails to enter into the contract and furnish satisfactory performance and payment bonds, the City is entitled to collect the full bid bond amount as liquidated damages. Venue for any legal action regarding the bond is established in Bell County, Texas.
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Text version
COMPLETE & UPLOAD TO EUNA PROCUREMENT
OR SUBMIT VIA HARD COPY
BID BOND
Proposers must submit a 5% bid bond with their proposal. Proposers are encouraged to use the City’s attached bid bond form for this purpose. The City may reject proposals which include bid bonds submitted on something other than the City’s form if it determines in its sole discretion that the bid bond does not provide the same level of protection as the City’s bid bond form provides.
BID BOND
THE STATE OF TEXAS § SURETY'S NO. ___________
COUNTY OF §
KNOW ALL MEN BY THESE PRESENTS, THAT
(hereinafter called the Principal), as Principal, and
(hereinafter called the Surety), as Surety, are bound unto the City of Temple, Texas, a home rule municipal corporation of Bell County, Texas (hereinafter called Obligee) in the amount
DOLLARS ($ ), 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 Proposal to enter into a certain written
Contract with the City of Temple for the construction of the following:
FIRE STATION NO. 2 RENOVATION & EXPANSION
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 Proposal any time after such Proposal is opened and before official rejection of such Proposal 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
File details come from the government source that posted it. Updated .