8-Exhibit F Bid Surety.pdf

This is a Bid Surety exhibit for Invitation for Bid (IFB) 2026-09 issued by the Town of Hilton Head Island, South Carolina. The document establishes the requirements for bid security that must accompany submitted proposals for the Jonesville Stables fencing improvements project. Bidders are required to provide a bid surety in the amount of five percent of their total bid amount as security for contract execution. The surety demonstrates the bidder's commitment to execute a contract and provide performance and payment bonds within ten business days from the commencement date of the executed contract.

The bid surety serves as liquidated damages protection for the Town; if a selected bidder fails to execute the contract as required, the surety amount is forfeited to the Town of Hilton Head Island. Bidders must indicate the form of surety being provided (such as a bid bond) and include the surety amount in the designated dollar field on the form. The document requires execution by the bidder's authorized representative with printed name, title, and witness signature, establishing clear accountability for bid security submission and contract performance obligations.