5-Bid Deposit.docx
DOCX document 18 KB Posted
- Solicitation number
- ITB-654
- Issued by
- Monroe County, Florida
About this file
This is a Bid Deposit form for Monroe County Board of County Commissioners in Florida, related to the sale of one county-owned improved parcel located in Marathon with Parcel Identification No. 00321730-000000. Pursuant to Monroe County Resolution 123-2026, the Board of County Commissioners approved the sale of the property to the highest responsive bidder. The County will convey the parcel by Statutory Quit Claim Deed pursuant to Florida Statute 125.411.
The bid deposit equals five percent of the underlying bid amount and must be submitted by prospective bidders. If the bidder's offer is accepted and a contract is executed with appropriate performance bonds, the bid deposit will be applied toward the purchase price. The County retains the bid deposit until either the contract has been executed, the ninety-first day after bid opening has passed, or all bids have been rejected. Bidders must insert the full parcel identification number, their complete name and address or legal title, and the dollar amount of their underlying bid on the form before submission.
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Text version
Bid Deposit
KNOW ALL MEN BY THESE PRESENTS, that we (Here insert full name and address or legal title of Bidder) as Principal, hereinafter called the Principal, are held and firmly bound unto Monroe County Board of County Commissioners as Obligee, hereinafter called the Obligee, in the sum of Dollars ($ ), which is five (5) percent (%) of the underlying bid amount of ___________________________________ Dollars (Here insert dollar amount of underlying bid) for the payment of which sum well and truly to be made, the said Principal, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents
WHEREAS, the Principal has submitted a bid for (Here insert full Parcel ID Number)
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. This Bid Deposit will be applied to the purchase price should the Principal be awarded the Contract. The Principal understands the Bid Deposit will be retained by the County until (a) the contract has been executed, or (b) the ninety-first (91st) day after the Bid opening, or (c) all Bids have been rejected.
Signed and sealed this day of , 20 .
(Witness) (Principal) (Seal)
(Title)
(Witness)
File details come from the government source that posted it. Updated .