Attachment 5 - SF24 Bid Bond.pdf
Standard Form PDF 703 KB Posted
- Attached to
- Repair Waterfront – Phase 2 at USCG Station Portsmouth Harbor (New Castle, New Hampshire)
- Solicitation number
- 70Z0G126BSNNE8241
About this file
This is Standard Form 24 (Rev. 10/2023), a Bid Bond template prescribed by the General Services Administration under FAR 48 CFR 53.228(a) for use in federal contracting. The form is authorized for use when a bid guaranty is required for construction, supplies, or services contracts.
The bid bond serves as a financial guarantee that a bidder will execute further contractual documents and provide required performance bonds if their bid is accepted by the Government. The Principal (bidder) and one or more Sureties bind themselves jointly and severally to the United States of America for the penal sum amount specified on the form. The bond becomes void if the Principal executes required contractual documents and provides necessary bonds within ten days of receiving the forms (or within a period specified in the solicitation), or if the Principal pays the Government for any costs exceeding the bid amount should they fail to perform. The form allows for expression of the penal sum as a percentage of the bid price with optional maximum dollar limitations. Corporate sureties must appear on the Department of the Treasury's list of approved sureties and act within stated limitations; multiple corporate sureties may allocate their respective liability limits provided the total equals 100 percent of the bond penal sum. Individual sureties must provide a completed Standard Form 28 (Affidavit of Individual Surety). The bond document expires January 31, 2027, and the estimated completion time is one hour.
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Text version
Bid Bond (See Instructions on Page 3)
Date Bond Executed (Must Not Be Later Than Bid Opening Date)
OMB Control Number: 9000-0001 Expiration Date: 1/31/2027
Principal (Legal Name And Business Address) Type Of Organization ("X" One)
State Of Incorporation
Surety(ies) (Name And Business Address)
Percent Of Bid Price
Penal Sum Of Bond Amount Not To Exceed Million(s) Thousand(s) Hundred(s) Cents
Bid Identification Bid Date Invitation Number
Authorized For Local Reproduction Previous Edition Is Not Usable
STANDARD FORM 24 (REV. 10/2023)
Prescribed by GSA - FAR (48 CFR) 53.228(a)
For (Construction, Supplies Or Services)
Obligation:
We, the Principal and Surety(ies) are firmly bound to the United States of America (hereinafter called the Government) in the above penal sum. For payment of the penal sum, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally. However, where the Sureties are corporations acting as co-sureties, we, the Sureties, bind ourselves in such sum "jointly and severally" as well as "severally" only for the purpose of allowing a joint action or actions against any or all of us. For all other purposes, each Surety binds itself, jointly and severally with the Principal, for the payment of the sum shown opposite the name of the Surety. If no limit of liability is indicated, the limit of liability is the full amount of the penal sum.
Conditions:
The Principal has submitted the bid identified above.
Therefore:
The above obligation is void if the Principal - (a) upon acceptance by the Government of the bid identified above, within the period specified therein for acceptance (sixty (60) days if no period is specified), executes the further contractual documents and gives the bond(s) required by the terms of the bid as accepted within the time specified (ten (10) days if no period is specified) after receipt of the forms by the Principal; or (b) in the event of failure to execute such further contractual documents and give such bonds, pays the Government for any cost of procuring the work which exceeds the amount of the bid.
Each Surety executing this instrument agrees that its obligation is not impaired by any extension(s) of the time for acceptance of the bid that the Principal may grant to the Government. Notice to the Surety(ies) of extension(s) is waived. However, waiver of the notice applies only to extensions aggregating not more than sixty (60) calendar days in addition to the period originally allowed for acceptance of the bid.
Other (Specify) Individual Partnership Joint Venture Corporation
2.
(Seal)2.(Seal)
1.
1.
1.
1. 3.2.
Name(s) (Typed)
Signature(s)
Individual Surety(ies)
Name(s) And Title(s) (Typed)
Corporate Seal
(Seal)
3.
(Seal)
2.
(Seal) Signature(s)
Principal
2.
State Of Incorporation Liability Limit ($)
2.
2.
1.Name(s) And Title(s) (Typed)
Signature(s) 1. 2. Corporate Seal
Corporate Seal
Su re ty C
Name And Address
Signature(s) Name(s) And Title(s) (Typed)
1.
1.
2.
2.
State Of Incorporation Liability Limit ($)
Corporate Seal
Name(s) And Title(s) (Typed)
Su re ty D
Signature(s)
Name And Address
1.
1.
2.
2.
State Of Incorporation Liability Limit ($)
Corporate Seal
Liability Limit ($)State Of Incorporation
1.
1.
Su re ty A
Name And Address
Su re ty B
Name(s) And Title(s) (Typed)
Signature(s)
Name And Address
Corporate Surety(ies)
Witness:
The Principal and Surety(ies) executed this bid bond and affixed their seals on the above date.
STANDARD FORM 24 (REV. 10/2023) PAGE 2
STANDARD FORM 24 (REV. 10/2023) PAGE 3
Corporate Seal
Su re ty F
Name And Address
Signature(s) Name(s) And Title(s) (Typed)
1.
1.
State Of Incorporation
2.
2.
Liability Limit ($)
Corporate Seal
Name(s) And Title(s) (Typed)
Su re ty G
Signature(s)
Name And Address
1.
1.
2.
2.
State Of Incorporation Liability Limit ($)
Corporate Seal
State Of Incorporation Liability Limit ($)
2.
2.
1.
1.
Name And Address
Signature(s) Name(s) And Title(s) (Typed)
Su re ty E
Instructions
1. This form is authorized for use when a bid guaranty is required. Any deviation from this form will require the written approval of the Administrator of General Services.
2. Insert the full legal name and business address of the Principal in the space designated "Principal" on the face of the form. An authorized person shall sign the bond. Any person signing in a representative capacity (e.g., an attorney-in-fact) must furnish evidence of authority if that representative is not a member of the firm, partnership, or joint venture, or an officer of the corporation involved.
3. The bond may express penal sum as a percentage of the bid price. In these cases, the bond may state a maximum dollar limitation (e.g., 20% of the bid price but the amount not to exceed dollars).
4. (a) Corporations executing the bond as sureties must appear on the Department of the Treasury's list of approved sureties and must act within the limitations listed therein. The value put into the Liability
Limit block is the penal sum (i.e., the face value) of the bond, unless a co-surety arrangement is proposed.
(b) When multiple corporate sureties are involved, their names and addresses shall appear in the spaces (Surety A, Surety B, etc.) headed "Corporate Surety(ies)." In the space designated
"Surety(ies)" on the face of the form, insert only the letter identifier corresponding to each of the sureties. Moreover, when co-surety arrangements exist, the parties may allocate their respective limitations of liability under the bond, provided that the sum total of their liability equals 100% of the bond penal sum.
(c) When individual sureties are involved, a completed Affidavit of Individual Surety (Standard Form 28) for each individual surety, shall accompany the bond. The Government may require the surety to furnish additional substantiating information concerning its financial capability.
5. Corporations executing the bond shall affix their corporate seals. Individuals shall execute the bond opposite the word "Corporate Seal"; and shall affix an adhesive seal if executed in Maine, New
Hampshire, or any other jurisdiction requiring adhesive seals.
6. Type the name and title of each person signing this bond in the space provided.
7. In its application to negotiated contracts, the terms "bid" and "bidder" shall include "proposal" and
"offeror."
STANDARD FORM 24 (REV. 10/2023) PAGE 4
Paperwork Reduction Act Statement - This information collection meets the requirements of 44 USC §
3507, as amended by section 2 of the Paperwork Reduction Act of 1995. You do not need to answer these questions unless we display a valid Office of Management and Budget (OMB) control number. The OMB control number for this collection is 9000-0001. We estimate that it will take 1 hour to read the instructions, gather the facts, and answer the questions. Send only comments relating to our time estimate, including suggestions for reducing this burden, or any other aspects of this collection of information to: General
Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street, NW, Washington, DC
20405.
https://www.gsa.gov/forms-library/affidavit-individual-surety
Bid Bond (See Instructions on Page 3) Date Bond Executed (Must Not Be Later Than Bid Opening Date) OMB Control Number: 9000-0001 Expiration Date: 1/31/2027 Principal (Legal Name And Business Address) Type Of Organization ("X" One) State Of Incorporation Surety(ies) (Name And Business Address) Percent Of Bid Price Penal Sum Of Bond Amount Not To Exceed Million(s) Thousand(s) Hundred(s) Cents Bid Identification Bid Date Invitation Number Authorized For Local Reproduction Previous Edition Is Not Usable
STANDARD FORM 24 (REV. 10/2023)
Prescribed by GSA - FAR (48 CFR) 53.228(a) For (Construction, Supplies Or Services) Obligation:
We, the Principal and Surety(ies) are firmly bound to the United States of America (hereinafter called the Government) in the above penal sum. For payment of the penal sum, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally. However, where the Sureties are corporations acting as co-sureties, we, the Sureties, bind ourselves in such sum "jointly and severally" as well as "severally" only for the purpose of allowing a joint action or actions against any or all of us. For all other purposes, each Surety binds itself, jointly and severally with the Principal, for the payment of the sum shown opposite the name of the Surety. If no limit of liability is indicated, the limit of liability is the full amount of the penal sum.
Conditions:
The Principal has submitted the bid identified above.
Therefore:
The above obligation is void if the Principal - (a) upon acceptance by the Government of the bid identified above, within the period specified therein for acceptance (sixty (60) days if no period is specified), executes the further contractual documents and gives the bond(s) required by the terms of the bid as accepted within the time specified (ten (10) days if no period is specified) after receipt of the forms by the Principal; or (b) in the event of failure to execute such further contractual documents and give such bonds, pays the Government for any cost of procuring the work which exceeds the amount of the bid.
Each Surety executing this instrument agrees that its obligation is not impaired by any extension(s) of the time for acceptance of the bid that the Principal may grant to the Government. Notice to the Surety(ies) of extension(s) is waived. However, waiver of the notice applies only to extensions aggregating not more than sixty (60) calendar days in addition to the period originally allowed for acceptance of the bid.
2.
(Seal) 2.
(Seal) 1.
1.
1.
1.
3.
2.
Name(s) (Typed) Signature(s) Individual Surety(ies) Name(s) And Title(s)(Typed) Corporate Seal (Seal) 3.
(Seal) 2.
(Seal) Signature(s) Principal 2.
State Of Incorporation Liability Limit ($) 2.
2.
1.
Name(s) And Title(s) (Typed) Signature(s) 1.
2.
Corporate Seal Corporate Seal Surety C Name And Address Signature(s) Name(s) And Title(s) (Typed) 1.
1.
2.
2.
State Of Incorporation Liability Limit ($) Corporate Seal Name(s) And Title(s) (Typed) Surety D Signature(s) Name And Address 1.
1.
2.
2.
State Of Incorporation Liability Limit ($) Corporate Seal Liability Limit ($) State Of Incorporation 1.
1.
Surety A Name And Address Surety B Name(s) And Title(s) (Typed) Signature(s) Name And Address Corporate Surety(ies) Witness:
The Principal and Surety(ies) executed this bid bond and affixed their seals on the above date.
STANDARD FORM 24 (REV. 10/2023) PAGE 2
STANDARD FORM 24 (REV. 10/2023) PAGE 3
Corporate Seal Surety F Name And Address Signature(s) Name(s) And Title(s) (Typed) 1.
1.
State Of Incorporation 2.
2.
Liability Limit ($) Corporate Seal Name(s) And Title(s) (Typed) Surety G Signature(s) Name And Address 1.
1.
2.
2.
State Of Incorporation Liability Limit ($) Corporate Seal State Of Incorporation Liability Limit ($) 2.
2.
1.
1.
Name And Address Signature(s) Name(s) And Title(s) (Typed) Surety E Instructions
1. This form is authorized for use when a bid guaranty is required. Any deviation from this form will require the written approval of the Administrator of General Services.
2. Insert the full legal name and business address of the Principal in the space designated "Principal" on the face of the form. An authorized person shall sign the bond. Any person signing in a representative capacity (e.g., an attorney-in-fact) must furnish evidence of authority if that representative is not a member of the firm, partnership, or joint venture, or an officer of the corporation involved.
3. The bond may express penal sum as a percentage of the bid price. In these cases, the bond may state a maximum dollar limitation (e.g., 20% of the bid price but the amount not to exceed dollars).
4. (a) Corporations executing the bond as sureties must appear on the Department of the Treasury's list of approved sureties and must act within the limitations listed therein. The value put into the Liability Limit block is the penal sum (i.e., the face value) of the bond, unless a co-surety arrangement is proposed.
(b) When multiple corporate sureties are involved, their names and addresses shall appear in the spaces (Surety A, Surety B, etc.) headed "Corporate Surety(ies)." In the space designated "Surety(ies)" on the face of the form, insert only the letter identifier corresponding to each of the sureties. Moreover, when co-surety arrangements exist, the parties may allocate their respective limitations of liability under the bond, provided that the sum total of their liability equals 100% of the bond penal sum.
(c) When individual sureties are involved, a completed Affidavit of Individual Surety (Standard Form 28) for each individual surety, shall accompany the bond. The Government may require the surety to furnish additional substantiating information concerning its financial capability.
5. Corporations executing the bond shall affix their corporate seals. Individuals shall execute the bond opposite the word "Corporate Seal"; and shall affix an adhesive seal if executed in Maine, New Hampshire, or any other jurisdiction requiring adhesive seals.
6. Type the name and title of each person signing this bond in the space provided.
7. In its application to negotiated contracts, the terms "bid" and "bidder" shall include "proposal" and "offeror."
STANDARD FORM 24 (REV. 10/2023) PAGE 4
Paperwork Reduction Act Statement - This information collection meets the requirements of 44 USC § 3507, as amended by section 2 of the Paperwork Reduction Act of 1995. You do not need to answer these questions unless we display a valid Office of Management and Budget (OMB) control number. The OMB control number for this collection is 9000-0001. We estimate that it will take 1 hour to read the instructions, gather the facts, and answer the questions. Send only comments relating to our time estimate, including suggestions for reducing this burden, or any other aspects of this collection of information to: General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street, NW, Washington, DC 20405.
8.2.0.3062.1.452232.445150 Standard Form 24 - Bid Bond
| Enter the Date the Bond was executed (enter 2 digit month, 2 digit day and 4 digit year).: |
| Enter the Principal (Legal Name and Business Address).: |
| Enter the State of Incorporation. : |
| Enter the Surety (ies) (Name and Business Address).: |
| Enter the Percent of Bid Price for the Penal Sum of Bond. : |
| Enter the Thousand(s) Not to Exceed Amount.: |
| Enter the Hundred(s) Not to Exceed Amount.: |
| Enter the Date for the Bid Identification (enter 2 digit month, 2 digit day and 4 digit year).: |
| Enter the Invitation Number.: |
| Choose one of the following for the Bid Identification: For (Construction, Supplies or Services).: |
| Enter the Million(s) Not to Exceed Amount.: |
| Enter the Cents Not to Exceed Amount.: |
| If Other was selected, specify here. : |
| Click here to select, "Other" as the type of organization.: 0 |
| Click here to select, "Individual" as the type of organization.: 0 |
| Click here to select, "Partnership" as the type of organization.: 0 |
| Click here to select, "Joint Venture" as the type of organization.: 0 |
| Click here to select, "Corporation" as the type of organization.: 0 |
| Enter the Name(s) of the Second Individual Surety(ies), if applicable.: |
| Sign here if you are the first to represent the Corporate Surety (Surety E).: |
| Enter the Name(s) of the First Individual Surety(ies).: |
| Enter the Name(s) and Title(s) for the First Principal.: |
| Enter the Name(s) and Title(s) for the Second Principal, if applicable.: |
| Enter the Name(s) and Title(s) for the Third Principal, if applicable.: |
| Enter the Name(s) and Title(s) for the Second Corporate Surety (Surety E), if applicable. : |
| Enter the State of Incorporation for the Corporate Surety (Surety E).: |
| Enter the Liability Limit (in dollars) for the Corporate Surety (Surety E).: |
| Enter the Name(s) and Title(s) for the First Corporate Surety (Surety E).: |
| Enter the Name and Address for the Corporate Surety (Surety E).: |
| Enter a maximum dollar limitation if the bond expresses a penal sum as a percentage of the bid price.: |
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