7-Surety Form.pdf
PDF 140 KB Posted
- Attached to
- Hopecrest List Station Improvement
- Solicitation number
- 26-0055-3
- Issued by
- Chatham County, Georgia
About this file
This is a Surety Requirements document issued by Chatham County, Georgia, establishing bonding and financial guarantee requirements for contractors bidding on the Hopecrest List Station Improvement project, which involves the rehabilitation of an existing wastewater lift station. The project encompasses temporary bypass pumping, construction of controls, bypass generator receptacle, skid-mounted bypass pump, site piping, grading, landscaping, spare pump installation, and erosion and sedimentation control measures. Contractors must submit a bid bond along with a power of attorney as part of their bid documents, and contractors are encouraged to use their surety's standard bid bond form provided it meets county specifications.
Chatham County requires bidders to post a bid bond, certified check, or money order equal to 5 percent of the bid price, with certified checks delivered to the Purchasing and Contracting Office prior to bid submission. Upon contract award, the contractor must post a payment and performance bond, certified check, or money order equal to 100 percent of the bid price to guarantee that goods meet specifications, delivery occurs per contract terms, services are performed with quality, and invoices to subcontractors are paid timely. All bonds must be executed by a surety authorized to conduct business in Georgia and approved by Chatham County. The performance bond is forfeitable if the contractor fails to execute and fulfill contract terms, with forfeiture amounts calculated as either the difference between the contractor's bid and the next lowest responsible bid or the difference between the bid and the lowest responsible bid resulting from rebidding, including all rebidding costs. The bid bond is forfeited if the contractor fails to enter into a contract with Chatham County to provide all necessary labor, materials, and services as specified in the bid proposal.
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Other files
| File | Type | Posted |
|---|---|---|
| 6-List of Subcontractors (Fillable).pdf | ||
| 5-References 07.15 Fillable.pdf | ||
| 4-Attachments A - I (Fillable) with Notary Fields - 04.21.2023.pdf | ||
| 3-Pricing Sheet.xlsx | XLSX spreadsheet | |
| 2-20260429 Hopecrest LS Tech Specs IFB.pdf | ||
| 1-Invitation to Bid 26-0055-3.pdf |
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Text version
CHATHAM COUNTY, GEORGIA
SURETY REQUIREMENTS
NOTE TO CONTRACTOR: BID BOND ALONG WITH POWER OF
ATTORNEY MUST BE UPLOADED WITH YOUR BID DOCUMENTS.
USE OF SURETY’S STANDARD BID BOND FORM IS ACCEPTABLE. AS
LONG AS IT COMPLIES TO THE FOLLOWING:
A. Such bidder shall post a bid bond, certified check or money order made payable to the Chatham County Finance Department in the amount of 5% of the bid price. Certified Check must be delivered to the Purchasing and
Contracting Office prior to submitting a bid.
B. Contractor(s) shall post a payment/performance bond, certified check or money order made payable to the Chatham County Finance Department in the amount of 100% of the bid price if awarded the purchase. Such bond(s) are due prior to contract execution as a guarantee that goods meet specifications and will be delivered per contract. Such bonds will also guarantee quality performance of services and timely payment of invoices to any subcontractors.
C. Whenever a bond is provided, it shall be executed by a surety authorized to do business in the State of Georgia and approved by Chatham County.
D. Bidder acknowledges Chatham County’s right to require a Performance and
Payment Bond of a specific kind and origin. Performance Bond means a bond with good and sufficient surety or sprites for the faithful performance of the contract and to indemnify the governmental entity for any damages occasioned by a failure to perform the same within the prescribed time. Such bond shall be payable to, in favor of, and for the protection of the governmental entity for which the work is to be done. Payment Bond means a bond with good and sufficient surety or sureties payable to the governmental entity for which the work is to be done and intended for the use and protection of all subcontractors and all persons supplying labor, materials, machinery, and equipment in the prosecution of the work provided for in the public works construction contract. Performance Bond shall be forfeited if he/she fails to execute and fulfill the terms of the contract entered. The amount of forfeiture shall be: 1. The difference between his/her bid and the next lowest, responsible bid that has not expired or been withdrawn, or; 2. The difference between his/her bid and the amount of the lowest, responsible bid received as a result of rebidding, including all costs related to rebidding.
E. Forfeit the amount of the Bid Bond if he/she fails to enter into a contract with
Chatham County to do and/or furnish everything necessary to provide service and/or accomplish the work stated and/or specified in this bid proposal for the bid amount.
COMPANY DATE
SIGNATURE/TITLE
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