9-Bid Bond 2026.docx
DOCX document 17 KB Posted
- Attached to
- Park View HVAC
- Solicitation number
- B26001
- Issued by
- New Castle County, Delaware
About this file
This is a Bid Bond form for the Wilmington Housing Authority (WHA) in Delaware, establishing the financial security requirements for contractors bidding on projects. The bond serves as a guarantee that the principal contractor will not withdraw their bid within sixty (60) days after bid opening and will execute a written contract with WHA within ten (10) days of receiving prescribed contract forms, contingent upon bid acceptance. The bond obligates the principal and surety jointly and severally to the WHA for the penal sum amount specified, with the bond becoming void if the contractor fulfills these conditions or withdraws the bid within the specified period.
The bond requires execution by either a sole proprietorship, partnership, or corporation as the principal party, with corresponding attestation and corporate seals where applicable. A surety company must also execute the bond with proper corporate authorization and a power of attorney attached. The specific penal sum amount, bid date, and project description are to be completed on blank lines within the form, making this a template document applicable to any WHA procurement. The bond protects WHA by ensuring contractor commitment to the bidding process and subsequent contract performance, with liquidated damages available to WHA if the contractor fails to meet contractual obligations following bid acceptance.
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Text version
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we the undersigned:
__________________________________________________ AS PRINCIPAL
and ______________________________________________as SURETY, are held and firmly bound unto WILMINGTON HOUSING AUTHORITY, herein called the “WHA”, in the penal sum of ______________________ dollars, lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, nointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the Principal has submitted the accompanying bid, dated _______________, 2026 for
NOW THEREFORE, if the Principal shall not withdraw said bid within the period specified herein within sixty (60) days after the said opening, and shall within the period specified therefore, or if no period be specified within ten (10) days after the prescribed forms are presented to him for signature, enter into a written contract with WHA in accordance with the bids as accepted and give bond with good and sufficient surety or sureties, as may be required, for the faithful performance and proper fulfillment of such contract; or in the event of the withdrawal of said bid within the period specified, or the failure to enter into such contract and give such bond within the time specified in said bid and the amount for which WHA may procure the required work or supplies or both, if the latter amount be in excess of the former, then the above obligation shall be void and of no effect, otherwise to remain in full force and virtue.
IN WITNESS WHEREOF, the above-bound parties have executed this instrument under their several seals this ___________ day of _________________, 2026, the name and corporate seal of each corporate party being hereto affixed, and these presents duly signed by its undersigned representatives, pursuant to authority of its governing body.
ATTEST Sole Proprietorship or Partnership
| ______________________________ | __________________________________________ | |
| Attest | (Individual Principal Signature) | |
| __________________________________________ |
(Name of Individual Principal above)
Seal
ATTEST CORPORATION
| Attest | (Corporate Principal Signature) | ||||||||
| __________________________________________ | _________________________________________ | ||||||||
| (Business Address) | ___________________________________________ | (Name of Corporate principal above) | ___________________________________________ | ||||||
| (Title) | |||||||||
| Affix Corporate Seal | |||||||||
| ATTEST | SURETY COMPANY | ||||||||
| _____________________ | ___________________________________________ | ||||||||
| Attest | (Corporate Surety Signature) | ||||||||
| __________________________________________ | |||||||||
| (Corporate Surety Signature) |
| ___________________________________________ | |
| (Business Address) |
| By: ___________________________________________ | ||
| (Name of Corporate Surety) | ||
| ___________________________________________ | ||
| (Title) |
Affix Corporate Seal
(Power of Attorney for person signing for Surety Company must be attached to the Bond
File details come from the government source that posted it. Updated .