5-Repairs of Bridge 1916 Bid Proposal Guaranty Bond.pdf
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- Attached to
- Repairs of Bridge 1916
- Solicitation number
- Not on record
- Issued by
- Mercer County, Pennsylvania
About this file
This is a Bid Proposal Guaranty Bond document issued by Mercer County, Pennsylvania for the Repairs of Bridge 1916 project. The bond ensures bidder compliance and performance in connection with the county's bridge repair contract. Bids are being received electronically via the PennBid portal until 10:00 a.m. local time on January 15, 2026, with public opening and announcement of bids to follow immediately thereafter at the Mercer County Bridge Department located at 104 Mortensen Road, Greenville, Pennsylvania. Work is expected to commence on the date specified in the Notice to Proceed and must be completed by May 20, 2026. Bidding documents are available at no cost through the PennBid portal at https://pennbid.bonfirehub.com/, and all questions regarding the project must be submitted electronically through PennBid's "Ask a Question" feature, with responses provided via addenda posted in the portal's Public Notices and Supporting Documentation sections.
The bid proposal guaranty bond requires bidders to post a bond equal to ten percent of their bid amount as a condition of participation. The bond obligates the principal and surety jointly and severally to the Municipality, with conditions voiding the bond if either the bid is unsuccessful or if the successful bidder executes the contract, provides required bonds and insurance certificates, and meets the county's standards regarding financial responsibility, competency, experience, reputation, and quality of previous work. In the event of default, the bond permits immediate action for collection of the full bond amount plus ten percent attorney fees and costs of suit. The County Commissioners reserve the right to reject any and all submissions or portions thereof and to waive any informality in the bidding process.
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Text version
BID PROPOSAL
PROJECT GUARANTY BOND
KNOW ALL MEN BY THESE PRESENTS that the above-named Principal and Surety are held and firmly bound unto the Commonwealth of Pennsylvania, County of Mercer, hereinafter called the Municipality, in the sum of ten (10%) per centum of the Principal’s bid on the above Project, for the payment whereof the Principal and the Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH THAT:
(1) if the Principal’s bid is determined by the Municipality to be the successful bid and the Principal shall qualify as the successful bidder by meeting the Municipality’s standards regarding financial responsibility, competency, experience, reputation and quality of previous work, and shall duly execute and deliver the contract prepared by the Municipality for the project, and provide the required bonds and insurance certificates, or
(2) if the Principal’s bid is determined by the Municipality to be an unsuccessful bid, and this bond returned to the Principal, then this obligation shall be void and of no effect;
otherwise to remain in full force and virtue; and, PROVIDE FURTHER, that in case of default by the Principal in any respect, action on this Bond may be begun forwith, and the Principal and the Surety, jointly and severally, do hereby authorize and empower any attorney of any Court of Record of Pennsylvania, or elsewhere to appear for and to enter judgement against them, jointly and severally, for the aforementioned sum, with or without defalcation, with costs of suit, release of errors, without stay of execution and with ten (10%) per centum attorney fees added for collection; and waiving inquisition on any real estate and exemption of any property whatsoever, authorizing condemnation of the same and immediate issuance of a writ of execution, and releasing and waiving relief from any and all appraisement, stay of execution, or exemption laws of any State, now in force or hereinafter to be passed.
COUNTY
L.R. SEC.
BID DATE
PRINCIPAL (NAME & MAILING ADDRESS) SURETY (NAME & ADDRESS)
Signed, sealed and delivered this __________ day of ______________________, 20______.
___________________________________(SEAL)
(Name of Principal)
ATTEST OR WITNESS:
Signature Title
BY _____________________________________
Signature Title
ATTEST OR WITNESS:
_______________________________ ___________________________________(SEAL)
(Name of Surety)
BY _____________________________________
Attorney-in-fact
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