5-Bid Guaranty and Performance.pdf
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- Solicitation number
- 26/0035
- Issued by
- Harris County, Texas
About this file
This is a Bid Guaranty and Performance/Payment Bond requirements document for Harris County, Texas, related to an Invitation to Bid for construction of sidewalks, trails, and related items for Harris County Precinct 2 (UPIN 25102MF3XV01). The contract is scheduled to begin approximately May 1, 2026, for a one-year term. The document outlines the mandatory financial guaranties that bidders must submit with their bids to ensure contract performance and payment obligations.
Bidders are required to submit a guaranty with each bid in one of two forms: either an individual bid bond or a bank cashier's check, each payable to Harris County and equal to 5% of the total bid amount. The successful bidder must execute and furnish a performance and/or payment bond within ten days of contract award and receipt of the bond application form. The performance and/or payment bond amount must equal the total contract value unless otherwise specified and must be issued by a surety company authorized to do business in Texas. Harris County reserves the right to retain a cashier's check guaranty until contract completion or to require a separate performance and/or payment bond. All bond forms and documentation must be submitted to the Harris County Office of the Purchasing Agent, located at 1111 Fannin Street, 12th Floor, Houston, TX 77002, within ten days of award; failure to meet this deadline may result in the award being rendered ineffective. Written verification of bond validity from the contractor's surety must be received by the Purchasing Agent before any contract payments will be issued.
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BID GUARANTY AND PERFORMANCE/PAYMENT BOND
INFORMATION AND REQUIREMENTS
A guaranty shall be submitted with each bid that the bidder will execute and furnish a performance and/or payment bond within ten days after award of the contract and receipt of performance/payment bond application form. Guaranty may be submitted in either of these forms:
A. Individual bid bond payable to Harris County for 5% of the total amount of each separate bid, or
B. Bank cashier’s check payable to Harris County for 5% of the total amount of each separate bid.
If the successful bidder submits a bank cashier’s check as guaranty, Harris County may elect to hold the check until all provisions of the contract have been completed, or require the contractor to make a performance and/or payment bond. The performance and/or payment bond shall be in the amount equal to the amount of money to be paid by the County under the contract, unless otherwise stated, and shall be executed by a surety company authorized to do business in the State of Texas. The prescribed performance and/or payment bond application is available to the bidder from Harris County, and is the only form Harris County will accept.
If the performance and/or payment bond forms and related documents are not returned to the
Harris County Office of the Purchasing Agent, 1111 Fannin Street, 12th Floor, Houston, TX 77002, within ten days, Harris County has the right to render the award ineffective. Written verification of the validity of the bond shall be received by the Office of the Purchasing Agent from the contractor’s surety before any payments will be made.
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