9-011 Bid Bond.pdf
PDF 78 KB Posted
- Solicitation number
- 27000017
- Issued by
- Mason County, Texas
About this file
This is a Bid Bond template issued by the City of Midland, Texas for the Golf Course Dr. & Midkiff Rd. At Andrews Hwy. Utility Improvements project. The bid bond serves as a guarantee that a bidder will enter into the contract if selected and will provide the required performance and payment bonds. The project involves the furnishing of materials and labor for utility improvements at the specified location in Midland County, Texas.
The bid bond establishes that if the principal (bidder) withdraws its bid after opening and before official rejection, or if successful in securing the award but fails to enter into the contract and furnish satisfactory performance and payment bonds, the obligee is entitled to collect the full amount of the bid bond as liquidated damages. Venue for any legal action shall lie in Midland County, Texas. The bond document requires completion of principal and surety information, addresses, and signatures with approval as to form by the City Attorney. A Power of Attorney Form must be attached to the bond submission.
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Text version
BidB 1
BID BOND
THE STATE OF TEXAS §
COUNTY OF MIDLAND § SURETY NO
KNOW ALL MEN BY THESE PRESENTS, THAT
(Hereinafter called the Principal), as
Principal, and
(Hereinafter called the Surety, as Surety, are held and firmly bound unto the City of Midland, Texas a home rule municipal corporation of Midland County, Texas, (hereinafter called the Obligee), in the amount of
Dollars
($ ) for the payment whereof the said Principal and surety bind themselves, and their heirs, administrators, executors, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a Bid or Proposal to enter into a certain written contract for the construction of Golf Course Dr. & Midkiff Rd. At Andrews Hwy. Utility Improvements .
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall faithfully, enter into such written Contract, then this obligation shall be void; otherwise to remain in full force and effect.
IT IS EXPRESSLY UNDERSTOOD AND AGREE that if said Principal should withdraw its Bid anytime after such Bid is opened and before official rejection to such Bid or, if successful in securing the award thereof, said
Principal should fail to enter into the Contract and furnish satisfactory Performance Bond and Payment Bond, the Obligee, in either of such events, shall be entitled and is hereby given the right to collect the full amount of this Bid Bond as liquidated damage.
BidB 2
PROVIDED, further that if any legal action be filed upon this Bond venue shall lie in Midland County, Texas.
IN WITNESS WHEREOF, the said Principal and surety do sign and seal this instrument, this day of , 20 .
Principal Surety
By By
Address Address
APPROVED AS TO FORM:
City Attorney
NOTE: Attach Power of Attorney
Form Revised September 2026
Bid bond
File details come from the government source that posted it. Updated .