(6) Attachment 6 SF24 - Bid Bond.pdf
PDF 53 KB Posted
- Attached to
- Building 82 Renovation Federal contract opportunity
- Solicitation number
- SP3300-20-B-5002
- Issued by
- Defense Logistics Agency Distribution
About this file
This document contains a bid bond template for a construction project. The bid bond guarantees that the principal will execute further contractual documents and provide performance and payment bonds if their bid is accepted. It will become void if the principal signs additional documents and provides bonds within ten days of receiving forms, or pays the government for any costs in excess of the bid amount if they fail to do so. The surety agrees their obligation is not impaired by bid extensions up to 60 days, and notice of extensions is waived.
The related federal contract opportunity is a solicitation for the Building 82 Renovation project. The Defense Logistics Agency Distribution is seeking bids for construction services with attachments providing an invitation for bid and forms required for contractor personnel badges. Bids are due based on the solicitation documentation.
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INSTRUCTIONS
1. This form is authorized for use when a bid guaranty is required. Any deviation from this form will require the written approval of the Administrator of General Services.
2. Insert the full legal name and business address of the Principal in the space designated "Principal" on the face of the form. An authorized person shall sign the bond. Any person signing in a representative capacity (e.g., an attorney-in-fact) must furnish evidence of authority if that representative is not a member of the firm, partnership, or joint venture, or an officer of the corporation involved.
3. The bond may express penal sum as a percentage of the bid price. In these cases, the bond may state a maximum dollar limitation (e.g., 67$1'$5'�)250�����5(9���������%$&.
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(e.g., 20% of the bid price but the amount not to exceed dollars).
4. (a) Corporations executing the bond as sureties must appear on the Department of the Treasury's list of approved sureties and must act within the limitation listed therein. where more than one corporate surety is involved, their names and addresses shall appear in the spaces (Surety A, Surety B, etc.) headed "CORPORATE SURETY(IES)." In the space designed "SURETY(IES)" on the face of the form, insert only the letter identification of the sureties.
(b) Where individual sureties are involved, a completed Affidavit of Individual surety (Standard Form 28), for each individual surety, shall accompany the bond. The Government may require the surety to furnish additional substantiating information concerning its financial capability.
5. Corporations executing the bond shall affix their corporate seals. Individuals shall execute the bond opposite the word "Corporate Seal";
and shall affix an adhesive seal if executed in Maine, New Hampshire, or any other jurisdiction requiring adhesive seals.
6. Type the name and title of each person signing this bond in the space provided.
7. In its application to negotiated contracts, the terms "bid" and "bidder" shall include "proposal" and "offeror."
File details come from the government source that posted it. Updated .