6-00 43 13 Bid Bond 106067.pdf
PDF 153 KB Posted
- Solicitation number
- 25-0097
- Issued by
- Tarrant County, Frankston Town, Texas
About this file
This document is a Bid Bond form for the City of Fort Worth's Sanitary Sewer Main Replacements project designated as Contract 2025, City Project No. 106067. The bid bond template is part of the Standard Construction Specification Documents and was revised on September 30, 2021. The document establishes the legal framework for bidders to submit bids for sanitary sewer main replacement work, requiring both the bidder (Principal) and a corporate surety authorized to do business in Texas to be bound to the City of Fort Worth. The bond must be executed and dated in 2025, with venue for any legal action specified as Tarrant County, Texas or the U.S. District Court for the Northern District of Texas, Fort Worth Division.
The bid bond amount is set at five percent (5%) of the bidder's maximum bid price, payable in lawful U.S. currency. The bond becomes null and void if the awarded contractor executes the contract according to its terms and satisfies all requirements, but becomes the property of the City if the contractor fails to execute the contract or meet execution requirements. In such cases, the bond proceeds compensate the City for the difference between the defaulting bidder's total bid amount and the next selected bidder's total bid amount, not to exceed the bond penalty amount. The document requires specific documentation including a Power of Attorney for the surety's attorney-in-fact and certified extracts from bylaws if signed by a surety company officer, with the stipulation that the bond date cannot precede the contract award date.
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Text version
00 43 13
BID BOND
CITY OF FORT WORTH SANITARY SEWER MAIN REPLACEMENTS
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS CONTRACT 2025
Revised 9/30/2021 City Project No. 106067
BY:
SECTION 00 43 13
BID BOND
KNOW ALL BY THESE PRESENTS:
That we, , known as "Bidder" herein and a corporate surety duly authorized to do business in the State of Texas, known as “Surety” herein, are held and firmly bound unto the City of Fort Worth, a municipal corporation created pursuant to the laws of Texas, known as “City” herein, in the penal sum of five percent (5%) of Bidder’s maximum bid price, in lawful money of the United States, to be paid in Fort Worth, Tarrant County, Texas for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS,the Principalhassubmitted a bid or proposal toperform Work for the following project designated as: Sanitary Sewer Main Replacements Contract 2025 - City Project No. 106067
NOW, THEREFORE, thecondition of this obligation is such that if the City shall award the Contract for the foregoing project to the Principal, and the Principal shall satisfy all requirements and conditions required for the execution of the Contract and shall enter into the Contract in writing with the City in accordance with the terms of such same, then this obligation shall be and become null and void.
If, however, the Principal fails to execute such Contract in accordance with the terms of same or fails to satisfy all requirements and conditions required for the execution of the Contract, this bond shall become the property of the City, without recourse of the Principal and/or Surety, not to exceed the penalty hereof, and shall be used to compensate City for the difference between Principal’s total bid amount and the next selected bidder’s total bid amount.
PROVIDED FURTHER, that if any legal action be filed on this Bond, venue shall lie in Tarrant County, Texas or the United States District Court for the Northern District of Texas, Fort Worth Division.
IN WITNESS WHEREOF, the Principal and the Surety have SIGNED and SEALED this instrument by duly authorized agents and officers on this the day ________ of ________________, 2025.
PRINCIPAL:
Signature
ATTEST:
Witness as to Principal Name and Title
Address: _________________________________
00 43 13
BID BOND
CITY OF FORT WORTH SANITARY SEWER MAIN REPLACEMENTS
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS CONTRACT 2025
Revised 9/30/2021 City Project No. 106067
SURETY:
BY: ____________________________________
Signature
Name and Title
Address: _________________________________
Witness as to Surety Telephone Number: _____________________ Email Address: ________________________
Attach Power of Attorney (Surety) for Attorney-in-Fact
*Note: If signed by an officer of the Surety Company, there must be on file a certified extract from the bylaws showing that this person has authority to sign such obligation. If Surety’s physical address is different from its mailing address, both must be provided. The date of the bond shall not be prior to the date the Contract is awarded.
END OF SECTION
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