8-ATTACHMENT - BID BOND FORM.pdf

This is a Bid Bond Form associated with the 11th and Pike Recreation Center Engineering Services project in Reading, Pennsylvania, involving the Reading Recreation Commission in partnership with the City of Reading and the Community Development Block Grant (CDBG) program. The bid bond form establishes the financial security requirements for contractors submitting proposals for comprehensive design and engineering services related to the renovation and addition of the existing recreation center. The form outlines the conditions under which the bid bond becomes enforceable, protecting the project owner against contractor default or failure to execute the contract upon award.

The bid bond form specifies the penal sum amount, principal obligor information, and the surety's obligations to guarantee that the bidder will enter into the contract if selected and will furnish all required performance and payment bonds. The document includes standard provisions requiring the surety to be licensed to conduct business in Pennsylvania and maintaining sufficient bonding capacity. The form establishes that the bid bond shall remain valid through the bid opening date and any subsequent bid evaluation period, protecting the agency's interests during the procurement process for these engineering services.