6-Bid Bond.pdf

PDF 34 KB Posted

Attached to
Replace Handicap Ramps of Terminal Entrance Doors & Terminal Entrance Door Walkways
Solicitation number
RFQ 2025-0041
Issued by
Chatham County, Georgia

About this file

This document is a Bid Bond for the Savannah Airport Commission pertaining to a project to replace handicap ramps at terminal entrance doors, identified by RFQ 2025-0041. The bid bond serves as a financial guarantee that ensures the bidder will enter into a contract within ten (10) calendar days of award, and will provide required payment and performance bonds and insurance. The bond is jointly issued by a principal (bidder) and a corporate surety, binding them to the Mayor and Aldermen of the City of Savannah and the Savannah Airport Commission.

The bid bond does not specify the exact dollar amount of the project or the precise scope of work beyond replacing handicap ramps at terminal entrance doors. The document provides a template for bidders to complete, including spaces to indicate the type of business entity (corporation, partnership, company, or individual) and signature lines for the principal and surety. The bond serves as a mechanism to protect the City of Savannah and Savannah Airport Commission from potential damages if the selected bidder fails to fulfill contractual obligations after being awarded the project.

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Text version

SAVANNAH AIRPORT COMMISSION

BID BOND

(Not to be Filled out if a Certified or Cashier's Check is Submitted)

KNOW ALL MEN BY THESE PRESENTS: That we, the undersigned Bidder __________________________________, as Principal, and ____________________________, as a Corporation Surety authorized under the laws of the State of _______________, to do business in the State of ___________________, and authorized to write this type of bond through an agent of the corporation located in the State of ________________________, as surety, are held and firmly bound unto the Mayor and Aldermen of the City of Savannah and the Savannah Airport commission in the sum of Dollars/Cents (USD $___________________________) for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves and our heirs, executors, administrators, successors and assigns.

THE CONDITION OF THE ABOVE OBLIGATION is such that if the attached Proposal of __________________________________________________________ Dollars/Cents (USD $_________________) for the improvement of airport facilities – Replace Handicap Ramps of Terminal Entrance Doors, RFQ 2025-0041 stipulated in said Proposal in accordance with the Contract documents consisting of the Plans and Specifications, and all addenda or other revisions, provided therefore, is accepted and the Contract awarded to the above named Bidder, and the said Bidder shall within ten (10) calendar days after notice of said award enter into a Contract in writing and furnish the required Payment and Performance Bonds and insurance with surety, or sureties, to be approved by the Mayor and Aldermen of the City of Savannah and the Savannah Airport Commission this obligation shall be void. Otherwise, the same shall be in full force and virtue of law, and the full amount of this Bid Bond will be paid to the Mayor and Aldermen of the City of Savannah and the Savannah Airport commission as stipulated for liquidated damages.

Signed this ________________ day of ____________________________, ________.

Contractor must indicate whether Corporation: □ Partnership: □

Corporation, Partnership, Company or Individual Company: □ Individual: □

Principal This person signing shall, in his own handwriting, sign the principal’s name BY: _________________________________ and title. Where the person signing for a corporation is other than the president _________________________________ or vice president, that person must, by Title affidavit as contained herein, show his _________________________________ authority to bind the corporation. Surety (Company Name)

(Affix Surety's Corporate Seal) BY: _________________________________ Surety (Signature)

Surety (Print)

File details come from the government source that posted it. Updated .