5-BID BOND FORM.pdf
PDF 2 MB Posted
- Solicitation number
- 26-081
- Issued by
- Marion County, Florida
About this file
This is a Bid Bond Form for Marion County, Florida, establishing the bonding requirements for competitive bidding on the Marion Oaks #4 and Summerglen Water Treatment Plants Potable Wells Construction project. The form serves as a standard bid bond template where contractors submit either a surety bond or cashier's check to accompany their bid submissions. The document outlines the principal contractor, surety company, and obligee (Marion County Board of County Commissioners, located at 2631 SE 3rd Street, Ocala, FL 34471) entering into a binding agreement whereby the contractor commits to enter into a contract with the County upon bid acceptance and provide required performance bonds if selected. The bond penalty amount corresponds to the bid amount and remains in effect until contract execution. Cashier's checks submitted in lieu of bid bonds are retained by Procurement Services until contract award and approval, after which firms must arrange pickup or coordinate courier delivery; firms requesting return via USPS mail must submit written request and acknowledge the County bears no liability for lost or misdirected mail.
The bid bond form is a fillable document requiring contractors to complete specified fields including principal company name and address, surety company name and address, written dollar amount of the bond, bid number and project title, and signature blocks for the principal, surety, and witnesses with dates. The form establishes that if the principal fails to execute the required contract and performance bond upon bid acceptance, the County may recover the difference between the submitted bid amount and any higher amount paid to another contractor to perform the work, not to exceed the bond penalty. This standard bonding mechanism protects the County's interests during the competitive bidding process and ensures contractor commitment to project execution upon award.
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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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