8-Bid Bond 2026.docx
DOCX document 17 KB Posted
- Attached to
- 407 Foulk Road Renovation
- Solicitation number
- BD26003
- Issued by
- New Castle County, Delaware
About this file
This is a Bid Bond form for the Wilmington Housing Authority related to the 407 Foulk Road Renovation project in Delaware. The bond serves as a guarantee that a bidder will not withdraw its bid within sixty (60) days after bid opening and will enter into a written contract with the WHA within ten (10) days after prescribed forms are presented for signature, or within the period specified in the bid, whichever is applicable. The form requires the principal (bidder) and surety to be bound in a penal sum to be specified, with execution required by representatives authorized by their respective governing bodies. The bond applies to bids submitted for 2026 and includes provisions allowing the bond to become void if the principal withdraws the bid within the specified period or fails to execute the required contract and performance bond within the timeframe outlined.
The bid bond requires submission in the form of a corporate surety bond, with signatures from both the principal (either as a sole proprietor, partnership, or corporation) and an authorized corporate surety representative. A Power of Attorney for the surety company representative must be attached to the bond. The bond amount and specific project description are to be filled in by the bidder, making this a template document for use in competitive bidding for the complete renovation of 407 Foulk Road. No pricing information, award amounts, or funding sources are detailed in this bond form, as it functions solely as a requirement to ensure bidder performance and contract execution.
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Text version
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we the undersigned:
__________________________________________________ AS PRINCIPAL
and ______________________________________________as SURETY, are held and firmly bound unto WILMINGTON HOUSING AUTHORITY, herein called the “WHA”, in the penal sum of ______________________ dollars, lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, nointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the Principal has submitted the accompanying bid, dated _______________, 2026 for
NOW THEREFORE, if the Principal shall not withdraw said bid within the period specified herein within sixty (60) days after the said opening, and shall within the period specified therefore, or if no period be specified within ten (10) days after the prescribed forms are presented to him for signature, enter into a written contract with WHA in accordance with the bids as accepted and give bond with good and sufficient surety or sureties, as may be required, for the faithful performance and proper fulfillment of such contract; or in the event of the withdrawal of said bid within the period specified, or the failure to enter into such contract and give such bond within the time specified in said bid and the amount for which WHA may procure the required work or supplies or both, if the latter amount be in excess of the former, then the above obligation shall be void and of no effect, otherwise to remain in full force and virtue.
IN WITNESS WHEREOF, the above-bound parties have executed this instrument under their several seals this ___________ day of _________________, 2026, the name and corporate seal of each corporate party being hereto affixed, and these presents duly signed by its undersigned representatives, pursuant to authority of its governing body.
ATTEST Sole Proprietorship or Partnership
| ______________________________ | __________________________________________ | |
| Attest | (Individual Principal Signature) | |
| __________________________________________ |
(Name of Individual Principal above)
Seal
ATTEST CORPORATION
| Attest | (Corporate Principal Signature) | ||||||||
| __________________________________________ | _________________________________________ | ||||||||
| (Business Address) | ___________________________________________ | (Name of Corporate principal above) | ___________________________________________ | ||||||
| (Title) | |||||||||
| Affix Corporate Seal | |||||||||
| ATTEST | SURETY COMPANY | ||||||||
| _____________________ | ___________________________________________ | ||||||||
| Attest | (Corporate Surety Signature) | ||||||||
| __________________________________________ | |||||||||
| (Corporate Surety Signature) |
| ___________________________________________ | |
| (Business Address) |
| By: ___________________________________________ | ||
| (Name of Corporate Surety) | ||
| ___________________________________________ | ||
| (Title) |
Affix Corporate Seal
(Power of Attorney for person signing for Surety Company must be attached to the Bond
File details come from the government source that posted it. Updated .