Addendum_1_-_Bid_24-13_Escalator_Canopies.pdf

This document is an Addendum (No. 1 dated May 5, 2025) issued by the Tampa Sports Authority for Bid #24-13 concerning Escalator Canopies at Raymond James Stadium in Hillsborough County, Florida. The addendum modifies the original bid documents by adding a Bid Bond Form as a mandatory component of the bid submission. The bid is due on Friday, May 16, 2025, no later than 10:00am, and bidders are required to complete and return this addendum with their proposal to qualify.

The Bid Bond Form provided in the addendum is a standard legal document that serves as a guarantee from the bidding contractor to the owner (Tampa Sports Authority). It ensures that if the bid is accepted, the contractor will enter into a contract and provide performance bonds as specified. The form requires completion by the principal (bidding company), surety company, and includes provisions for potential financial penalties if the contractor fails to fulfill the bid requirements or enter into the contract. While specific financial details are left blank in this document, the bond serves as a critical risk mitigation tool for the procurement process.