DMCH_CMc_Solicitation_Amend_3_SF24_Bid_Bond_180213.pdf
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DMCH CMc Solicitation Amend 3_SF24 Bid Bond 180213
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DATE BOND EXECUTED (Must not be later than bid opening date)
PRINCIPAL (Legal name and business address) TYPE OF ORGANIZATION ("X" one)
INDIVIDUAL
JOINT VENTURE
STATE OF INCORPORATION
SURETY(IES) (Name and business address)
PERCENT BID DATE INVITATION NO.
OF BID MILLIONS THOUSANDS HUNDRED(S) CENT(S)
PRICE
FOR (Construction, Supplies, or Services) CONSTRUCTION
OBLIGATION:
We, the Principal and Surety(ies) are firmly bound to the United States of America (hereinafter called the Government) in the above penal sum. For payment of the penal sum, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally. However, where the Sureties are corporations acting as co-sureties, we, the Sureties, bind ourselves in each sum "jointly and severally" as well as "severally" only for the purpose of allowing a joint action or actions against any or all of us. For all other purposes, each Surety binds itself, jointly and severally with the Principal, for the payment of the sum shown opposite the name of the Surety. If no limit of liability is indicated, the limit of liability is the full amount of the penal sum.
CONDITIONS:
The Principal has submitted the bid identified above.
THEREFORE:
The above obligation is void if the Principal - (a) upon acceptance by the Government of the bid identified above, within the period specified therein for acceptance (sixty (60) days if no period is specified), executes the further contractual documents and gives the bond(s) required by the terms of the bid as accepted within the time specified (ten (10) days if no period is specified) after receipt of the forms by the principal; or (b) in the event of failure to execute such further contractual documents and give such bonds, pays the Government for any cost of procuring the work which exceeds the amount of the bid.
Each Surety executing this instrument agrees that its obligation is not impaired by any extension(s) of the time for acceptance of the bid that the Principal may grant to the Government. Notice to the surety(ies) of the extension(s) are waived. However, waiver of the notice applies only to extensions aggregating not more than sixty (60) calendar days in addition to the period originally allowed for acceptance of the bid.
WITNESS:
The principal and Surety(ies) executed this bid bond and affixed their seals on the above date.
1. 2. 3.
SIGNATURE(S)
(Seal) (Seal) (Seal)
NAME(S) & 1. 2. 3.
TITLE(S)
(Typed)
SIGNATURE(S) 1. 2.
(Seal) (Seal)
NAME(S) 1. 2.
(Typed)
NAME & STATE OF INC. LIABILITY LIMIT ($)
ADDRESS
1. 2.
SIGNATURE(S)
NAME(S) & 1. 2.
TITLE(S)
(Typed)
AUTHORIZED FOR LOCAL REPRODUCTION STANDARD FORM 24 (REV. 8/2016)
Previous edition is usable Prescribed by GSA - FAR (48 CFR) 53.228(a)
BID BOND
INDIVIDUAL SURETY(IES)
Corporate
Corporate Seal
AMOUNT NOT TO EXCEED
(See instruction on reverse)
BID IDENTIFICATION
S U
R E
T Y
A
PENAL SUM OF BOND
CORPORATE SURETY(IES)
PRINCIPAL
Seal
OMB NO.: 9000-0045
Expiration date 7/31/2019
Paperwork Reduction Act Statement - This information collection meets the requirements of 44 USC § 3507, as amended by section 2 of the Paperwork Reduction Act of 1995. You do not need to answer these questions unless we display a valid Office of Management and Budget (OMB) control number. The OMB control number for this collection is 9000-0045. We estimate that it will take 60 minutes to read the instructions, gather the facts, and answer the questions. Send only comments relating to our time estimate, including suggestions for reducing this burden, or any other aspects of this collection of information to: General Services Administration, Regulatory Secretariat Division (M1V1CB), 1800 F Street, NW, Washington, DC 20405.
NAME & STATE OF INC. LIABILITY LIMIT ($)
ADDRESS
1. 2.
SIGNATURE(S)
NAME(S) & 1. 2.
TITLE(S)
(Typed)
NAME & STATE OF INC. LIABILITY LIMIT ($)
ADDRESS
1. 2.
SIGNATURE(S)
NAME(S) & 1. 2.
TITLE(S)
(Typed)
NAME & STATE OF INC. LIABILITY LIMIT ($)
ADDRESS
1. 2.
SIGNATURE(S)
NAME(S) & 1. 2.
TITLE(S)
(Typed)
NAME & STATE OF INC. LIABILITY LIMIT ($)
ADDRESS
1. 2.
SIGNATURE(S)
NAME(S) & 1. 2.
TITLE(S)
(Typed)
NAME & STATE OF INC. LIABILITY LIMIT ($)
ADDRESS
1. 2.
SIGNATURE(S)
NAME(S) & 1. 2.
TITLE(S)
(Typed)
NAME & STATE OF INC. LIABILITY LIMIT ($)
ADDRESS
1. 2.
SIGNATURE(S)
NAME(S) & 1. 2.
TITLE(S)
(Typed)
INSTRUCTIONS
1. This form is authorized for use when a bid guaranty is required. Any deviation from thisi 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., (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, isnert only the letter identificaiton 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 adhesivve seal if executed in Main, 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."
STANDARD FORM 24 (REV. 8/2016)
S U
R E
G
Corporate Seal
Corporate Seal
CORPORATE SURETY(IES)
CORPORATE SURETY(IES)
S U
R E
F
Seal
CORPORATE SURETY(IES)
S U
R E
E
S U
R E
C
Seal
CORPORATE SURETY(IES)
S U
R E
D
Seal
Corporate
CORPORATE SURETY(IES)
S
U R
E b
Seal
CORPORATE SURETY(IES)
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