9-004313 WHS CTAE RMA Bid Bond.pdf

Woodstock HS CTAE RMA Cherokee County School District

2026.RMA.13.01

04.02.2026

Bid Bond 004313 - 1

KNOWN ALL PERSONS BY THESE PRESENT that we _______________________, as Surety (the "Surety"), and _______________________________________, as Principal (the "Proposer") enter into, execute and are held and firmly bind ourselves, our heirs, administrators, executors, and successors, jointly and severally, in favor of the CHEROKEE COUNTY, GEORGIA, BOARD OF EDUCATION (the "Board"), pursuant to the terms and conditions of this Bond (the "Bid Bond") as set forth herein:

WHEREAS, the Proposer, in response to a Request for Proposals issued by the Board, has submitted its Proposal for the construction of the Woodstock HS CTAE RMA located at 2010 Towne Lake Hills S Drive, Woodstock, Georgia 30189 (hereinafter the “Project”).

NOW, THEREFORE, the condition of this obligation is such that if the Board accepts the Proposal of the Proposer as submitted, or as revised or negotiated in accordance with the provisions of O.C.G.A. § 36-91- 21(c)(2), and

1) The Proposer timely executes the Agreement between the Board and Proposer (the “Agreement”) as provided by the Board and as included in the Contract Documents; and,

2) The Proposer furnishes to the Board fully executed Payment and Performance Bonds as required by the Agreement, then this obligation shall be void: otherwise, the Surety and the Proposer shall be jointly and severally liable to the Board, and shall make payment to the Board, in the amount of five percent (5%) of the lump sum contract price (exclusive of any pricing for Alternates or unit prices) as outlined in the Proposal.

3) The Proposer agrees that the Bid Bond amount is Dollars $___________________________________.

The Proposer agrees that the amount of this Bid Bond as set forth herein above constitutes a proper and lawful sum for liquidated damages which the Board will sustain in the event the Proposer fails or requests to execute the Agreement or fails or refuses to furnish the requirement Payment and Performance Bonds.

The Surety shall cause to be attached to this Bid Bond a current and effective original Power of Attorney evidencing the authority of the officer, agent, or representative who executed this Bond on behalf of the Surety to execute and deliver same. The Surety must be authorized to transact business in the state of Georgia and be in good standing with the Georgia Department of Insurance.

This Bid Bond is intended to conform to all applicable statutory requirements. Any applicable requirement of any applicable statute that has been omitted from this Bid Bond shall be deemed to be included herein as if set forth at length. If any provision of this Bid Bond conflicts with any applicable statute, then the provision of a said statute shall govern and the remainder of this Bid Bond that is not in conflict therewith shall continue in full force and effect.

IN WITNESS WHEREOF, the undersigned has caused this Bid Bond to be executed and their respective corporate seals to be affixed and attested by their duly authorized representatives this _____ day of ________________, 20______.

SIGNED AND SEALED THIS ______ day of ________________________, 20_____.

PROPOSER SURETY

Printed Name Printed Name

SECTION 004313

BID BOND

Woodstock HS CTAE RMA Cherokee County School District

2026.RMA.13.01

04.02.2026

Bid Bond 004313 - 2

Signature Signature Printed Name, Title Printed Name/Title Printed Address Printed Address

[ATTACH PROPERLY EXECUTED POWER OF ATTORNEY]

END OF SECTION 004313

004313 CCSD - Bid Bond