7-SCCPSS-Construction-Solicitation-Form-5-Bid-Security-Form-4-12-25.pdf
PDF 136 KB Posted
- Solicitation number
- BID C27-04
- Issued by
- Chatham County, Georgia
About this file
This is a Bid Security Form for the Board of Public Education for the City of Savannah and the County of Chatham (SCCPSS) in Georgia, used for construction solicitations. The form establishes the requirements for bid security submission in conjunction with Bid #C25-10 for DEH Educational Complex - Auditorium Enhancements. Bidders must submit a bid bond or other acceptable bid security form as a condition of bid submission. The form requires identification of the contractor's legal name and address, the surety company's legal name and state of corporate organization, and the obligee contact information including phone and facsimile numbers. The bid security amount must not be less than five percent of the total bid amount and must be executed by an authorized representative of both the bidding contractor and the surety, with notarization required.
The form establishes the conditions under which the bid security becomes enforceable, specifically requiring that the successful bidder enter into a contract in accordance with the bid terms, execute required performance and payment bonds, and maintain good and sufficient surety. In the event the principal contractor fails to enter into the contract or provide required bonds, the obligee may contract with another party to perform the work and recover the difference between the original bid and the actual cost, not to exceed the bid security amount. SCCPSS notes that use of the surety's standard bid bond form is acceptable provided it substantially complies with the specified template. All forms must be properly executed, sealed, and notarized prior to submission with the bid.
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Text version
Based on SCCPSS Bid Security Form -Construction Bid Template-4/12/25
BOARD OF PUBLIC EDUCATION FOR THE CITY OF SAVANNAH AND THE COUNTY OF CHATHAM
SOLICITATION FORM 5
BID SECURITY FORM
KNOW ALL BY THESE PRESENTS, That we, {Insert Contractor’s Legal Name and Address} as Bidder, hereinafter called the Principal, and {Insert Legal Name and Address of Surety}, a corporation duly organized under the laws of the State of {Insert State of Corporate Organization}, as Surety, are held and firmly bound unto:
DISTRICT:
Attention:
Phone Number:
Facsimile Number:
as Obligee, hereinafter called the Obligee in the sum of ______________________________________________ (Not less than five percent of the Bid) Dollars ($ _______________________ ), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a Bid for: BID #C25-10 DEH Educational Complex - Auditorium Enhancements
NOW, THEREFORE, if the Obligee shall accept the Bid of the Principal and (1) the Principal shall enter into a Contract with the Obligee in accordance with the terms of such Bid, and the Principal shall execute the Contract and give such bond or bonds as may be specified in the Bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) in the event of the failure of the Principal to enter such Contract and give such bond or bonds, and the Principal shall pay to the Obligee the difference not to exceed the difference hereof between the amount specified in said Bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said Bid; then this obligation shall be null and void, otherwise to remain in full force and effect.
Signed and sealed this _______ Day of _______________, 20___
Name of Contractor ______________________________________
By: [Insert Name of Contractor’s Principal] (Seal)
Title; __________________________________________
Name of Surety:
By: [Insert Name of Surety’s Agent] (Seal)(*)
Title: __________________________________________ (*) Attach Power of Attorney
Sworn to and subscribed before me this ________ day of __________________, 20____.
Notary Public
My Commission expires this __________ day of ________________________, 20_____
Solicitation Form 5
NOTE TO CONTRACTOR: Use of Surety’s standard Bid Bond form is acceptable as long as it substantially complies with the following form.
File details come from the government source that posted it. Updated .