5-BID BOND FORM.pdf
PDF 2 MB Posted
- Solicitation number
- 26-025
- Issued by
- Marion County, Orlando City, Florida
About this file
This is a Bid Bond Form for the Marion County Board of County Commissioners in Florida, establishing the surety requirements for contractors bidding on the 6445 Powers Ferry Road Drainage Maintenance and Improvement Project. The form functions as a standard bid guarantee mechanism, requiring the principal contractor and an approved surety to jointly and severally bind themselves to ensure the principal either enters into a contract with the county upon bid acceptance or compensates the county for the difference between the bid amount and any higher cost incurred by the county to engage another contractor. The form requires completion of standard information including the contractor's name and address, surety company details and bond amount, project bid number and title, and execution by authorized representatives of both the principal and surety with witness signatures. The project involves drainage infrastructure work at the specified location, including headwall replacement and rehabilitation, pipe restoration using trenchless pipelining techniques, and associated dewatering and bypass pumping operations as detailed in permit plans by Neelu Inc. under City Permit CITY-25-32.
The bid bond serves as a performance guarantee mechanism and must be submitted as part of the bidding process, with the form providing an option for contractors to substitute a cashier's check in lieu of a formal bid bond. The county will retain payment from a minimum of the top three ranked firms until contract execution and county approval, after which firms must arrange pickup of bond checks or provide courier information for return of the security. Contractors requesting standard USPS delivery of bid bonds must submit written requests via email or fax, with the county disclaiming liability for lost or misdirected mail. The bond is executed with a specified penalty amount corresponding to the bid amount and remains in full force until the contract is executed and all required performance bonds are provided by the selected contractor.
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Text version
FORM OF BID BOND
(Type full name of contractor)
(Type full name and address or legal title of Surety) as Surety, hereinafter
KNOW ALL MEN BY THESE PRESENTS, that I/we
(Type full name and address or legal title of Owner) as Principal, hereinafter called the Principal, and a corporation duly organized under the laws of the State called the Obligee, in the sum of (Type written Amount)
Dollars: ($ ), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a bid for (Type Bid Number and Title of project)
NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall-enter a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect.
Signed and sealed this day of , 20 .
(Principal) (Seal) (Witness)
(Surety) (Seal) (Witness)
In the event the firm has submitted a Cashier’s Check in lieu of the Bid Bond, payment from a minimum of the top three
(3) ranked firms (subject to change) shall remain in the custody of Procurement Services until a contract is executed with the recommended firm and approved by the County. Once notified, firms are responsible for picking up bond checks, or submitting a courier number (FedEx, UPS). Firms requesting Bid Bonds be returned by standard USPS delivery must request this service in writing via email or fax, relieving the County of all liability for lost or misdirected mail.
Acknowledged, Print Name, Date Signature of called the Surety, are held and firmly bound unto as Obligee, hereinafter
(Signature) (Type Name & Title)
(Signature) (Type Name & Title)
| Principal: |
| Surety: |
| Acknowledged Print Name Date: |
| Signature1_es_:signer:signature: |
| Company Address: |
| Company Address 1: |
| Company Address 2: |
| Address of Surety: |
| Select a State: [ ] |
| Name of Surety: |
| Name/Address of Owner: [Marion County Board of County Commissioners / 2631 SE 3rd Street, Ocala, FL 34471] |
| Dollar Amount: |
| Bid Number and Title of Project: |
| Day: |
| Month: |
| Year: |
| Company Name: |
| Witness Signature 1: |
| Witness Signature 2: |
| Principal Title: |
| Surety Title: |
| Written Amount: |
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