8-Exhibit F Bid Surety.pdf

This is a Bid Surety exhibit for Invitation for Bid (IFB) 2026-15 issued by the Town of Hilton Head Island, South Carolina, for demolition services at the former Nick's Steak and Seafood building located at 9 Park Lane, Hilton Head Island, SC 29928. The document establishes requirements for bidders to secure their bid proposals and execute contracts upon award. Successful bidders must provide performance and payment bonds within ten business days from the commencement date of the executed contract.

The bid surety requirement is set at five percent of the total amount bid. Bidders must submit the surety in the form of a bid bond and include the specific dollar amount in the designated space on the exhibit. Failure to execute the required contract will result in forfeiture of the bid surety amount to the Town of Hilton Head Island as liquidated damages for non-performance. The document requires signature authorization from the bidder company representative, including printed name and title, along with witness confirmation.