ATTACHMENT B _ BID BOND.pdf

ATTACHMENT B

BID BOND

KNOW ALL MEN BY THESE PRESENTS, that we, (hereinafter called the Principal) and

(hereinafter called the Surety), a corporation chartered and existing under the laws of the State of with its principal offices in the City of ___________and listed in the

Federal Register and licensed to write surety bonds in the State of Georgia, are held and firmly bound unto DeKalb County, Georgia, in the full and just sum of 10% of the Principal’s Bid, good and lawful money of the United States of America, to be paid upon demand of DeKalb County, Georgia, to which payment well and truly to be made we bind ourselves, our heirs, executors, administrators, and assigns, jointly and severally and firmly by these presents.

WHEREAS, the Principal is about to submit, or has submitted to DeKalb County, Georgia, a Bid for ITB No. 2025-042 South Hairston Road at Brasac Drive Safety Improvement – Phase I.

WHEREAS, the Principal desires to file this Bond in accordance with law to accompany this Bid.

NOW, THEREFORE, the conditions of this obligation are such that if the Bid be accepted within sixty (60) days of the Bid opening, the Principal shall execute a Contract in accordance with the

Bid and upon the terms, conditions, and prices set forth therein, and in the form and manner required by DeKalb County, Georgia, and within ten (10) days from the date of Notice of Award of the Contract, execute a sufficient and satisfactory Performance Bond and Payment Bond payable to DeKalb County, Georgia, each in an amount of one hundred percent (100%) of the total

Contract Price, in form and with security satisfactory to DeKalb County and furnish satisfactory proof of the insurance required, then this obligation to be void; otherwise, to be and remain in full force and virtue in law; and the Surety shall, upon failure of the Principal to comply with any or all of the foregoing requirements within the time specified above, immediately pay to the aforesaid

DeKalb County, Georgia, upon demand, the amount hereof in good and lawful money of the

United States of America, not as a penalty, but as liquidated damages.

ITB 2025-042 South Hairston Road at Brasac Drive Safety Improvement – Phase I

IN TESTIMONY THEREOF, the Principal and Surety have caused these presents to be duly signed and sealed this day of , 20 .

PRINCIPAL

By: _______________________________(SEAL) Signature of Principal

Print Name and Title of Authorized Signer

Print Name of Principal Business

ATTEST:

Corporate Secretary

SURETY

By: ________________________________(SEAL) Signature of Surety (by Power of Attorney)

Print Name and Title of Authorized Signer

Print Name of Surety Business

WITNESS:

2025-042-ITB South Hairston Road at Brasac Drive Safety Improvement – Phase I