6-00 43 13 Bid Bond.pdf

00 43 13

BID BOND

designated as day of , 2025.

BY:

ATTEST:

SECTION 00 43 13

KNOW ALL BY THESE PRESENTS:

BID BOND

, known asThat we, "Bidder" herein and a corporate surety

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

NOW, THEREFORE, the condition of this obligation is such that if the City shall award

WHEREAS, the Principal has submitted a bid or proposal to perform Work for the following project

2025 WATER SERVICE LEAK REPAIR AND

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.

WATER LEAD SERVICE REPLACEMENT CONTRACT

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.

PRINCIPAL:

Signature

Name and TitleWitness as to Principal

CITY OF FORT WORTH

STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS

Revised 9/30/2021 00 41 00 Bid Proposal Workbook

00 43 13

BID BOND

Address:

SURETY:

BY:

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 by laws 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.

Witness as to Surety Telephone Number:

END OF SECTION

Signature

Name and Title

CITY OF FORT WORTH

STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS

Revised 9/30/2021 00 41 00 Bid Proposal Workbook