8-Form of Guaranty.pdf

This is a Form of Guaranty and Bid Bond document for Lower Makefield Township, Bucks County, Pennsylvania, related to the Traffic Signal and ADA Improvements project at the intersection of Big Oak Road (S.R. 2024) and Makefield Road. The document establishes the bidding requirements and proposal certifications necessary for participation in this public infrastructure improvement project. Sealed proposals must be submitted via PennBID by 10:00 AM on February 23, 2026, with questions accepted through February 16, 2026, at 5:00 PM. The document requires bidders to certify that their proposal is genuine and not collusive, and to acknowledge receipt of all issued addendums during the bidding period by listing bulletin numbers and issuing dates. Successful bidders must execute the contract within ten days after receipt of Notice to Proceed and furnish performance and payment bonds as specified in the contract documents.

All proposals must be accompanied by a certified check or bid bond in the amount of ten percent of the total bid, which will be forfeited as liquidated damages if the selected bidder fails to execute the contract and furnish the required bonds within the specified timeframe. Bidders must identify their legal structure as an individual, partnership, or corporation and provide principal office addresses. The Township reserves the right to waive minor informalities or defects in bids and to reject any or all bids. Successful bidders must comply with the Pennsylvania Prevailing Wage Act and demonstrate pre-qualification status through PennDOT Form 408/2020 in accordance with 67 PA Code Chapter 457. All bidders and subcontractors listed in proposals must be PennDOT pre-qualified contractors. No bid may be withdrawn within sixty days after opening while the Township reviews bids and investigates bidder qualifications.