7-Bid Guaranty and Performance.pdf

This is a Bid Guaranty and Performance/Payment Bond Requirements document for Harris County, Texas, establishing financial guaranty procedures for contract bidders. The document outlines mandatory bid guaranty submission requirements that must accompany each bid submission. Bidders must provide either an individual bid bond or a bank cashier's check, each payable to Harris County in the amount of 5% of the total bid value. Upon contract award, the successful bidder must execute and furnish a performance and/or payment bond within ten days of receiving the performance/payment bond application form from Harris County. The performance and/or payment bond must equal the full contract value unless otherwise specified and must be executed by a surety company authorized to conduct business in Texas. Harris County reserves the right to hold a bank cashier's check submitted as guaranty until contract completion or may require submission of a performance and/or payment bond. If required bond forms and related documents are not returned to the Harris County Office of the Purchasing Agent at 1111 Fannin Street, 12th Floor, Houston, TX 77002 within ten days of award, Harris County has the authority to render the contract award ineffective.

All performance and/or payment bonds must utilize the prescribed application form provided by Harris County, which is the only form the county will accept. Written verification of bond validity must be received by the Office of the Purchasing Agent from the contractor's surety company prior to any contract payments being issued. These requirements ensure financial security and contractor compliance throughout the contract execution period.