7-011 Bid Bond.pdf
PDF 77 KB Posted
- Solicitation number
- 27000211
- Issued by
- Mason County, Texas
About this file
This is a Bid Bond document issued by the State of Texas, County of Midland, for the City of Midland, Texas, a home rule municipal corporation. The bond secures a bid submission for the East Golf Course Road at Midland Draw construction project. The project involves replacing the existing low water crossing on Golf Course Road at Midland Draw with a cul-de-sac on Golf Course Road immediately west of the channel, removing the existing low water crossing, and extending Scharbauer Draw from Fairgrounds Road southeast along the north side of Midland Draw to connect to the end of Golf Course Road immediately east of the channel. The bid bond serves as a guarantee that the principal will faithfully enter into the written contract upon award.
The bid bond requires the principal and surety to be jointly and severally bound to the City of Midland for a specified dollar amount, which remains blank in the template document. If the principal withdraws its bid after opening and before official rejection, or if awarded but fails to enter into the contract and furnish satisfactory Performance Bond and Payment Bond, the Obligee is entitled to collect the full amount of the bid bond as liquidated damages. Venue for any legal action on the bond shall lie in Midland County, Texas. The document requires execution by both the principal and surety with addresses, approval by the City Attorney, and attachment of a Power of Attorney form.
View the file
Other files
Show all 22
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
BidB 1
BID BOND
THE STATE OF TEXAS §
COUNTY OF MIDLAND § SURETY NO
KNOW ALL MEN BY THESE PRESENTS, THAT
(Hereinafter called the Principal), as
Principal, and
(Hereinafter called the Surety, as Surety, are held and firmly bound unto the City of Midland, Texas a home rule municipal corporation of Midland County, Texas, (hereinafter called the Obligee), in the amount of
Dollars
($ ) for the payment whereof the said Principal and surety bind themselves, and their heirs, administrators, executors, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a Bid or Proposal to enter into a certain written contract for the construction of East Golf Course Road At Midland Draw .
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall faithfully, enter into such written Contract, then this obligation shall be void; otherwise to remain in full force and effect.
IT IS EXPRESSLY UNDERSTOOD AND AGREE that if said Principal should withdraw its Bid anytime after such Bid is opened and before official rejection to such Bid or, if successful in securing the award thereof, said
Principal should fail to enter into the Contract and furnish satisfactory Performance Bond and Payment Bond, the Obligee, in either of such events, shall be entitled and is hereby given the right to collect the full amount of this Bid Bond as liquidated damage.
BidB 2
PROVIDED, further that if any legal action be filed upon this Bond venue shall lie in Midland County, Texas.
IN WITNESS WHEREOF, the said Principal and surety do sign and seal this instrument, this day of , 20 .
Principal Surety
By By
Address Address
APPROVED AS TO FORM:
City Attorney
NOTE: Attach Power of Attorney
Form Revised September 2026
Bid bond
File details come from the government source that posted it. Updated .