Attachment B - Standard Form 24 - Bid Bond.pdf
Standard Form PDF 141 KB Posted
- Solicitation number
- 47PK0123R0003
About this file
This document contains a federal contract solicitation and bid bond form. The solicitation is set aside for eligible 8(a) concerns and seeks construction services to provide a new rooftop HVAC chiller system and CRAC units for dedicated 24/7 cooling of data and IT rooms in the 11000 Wilshire Federal Building in Los Angeles, California. The project scope includes major electrical work to support the new HVAC electrical loads, structural mitigation of the roof structure, repair of an existing bituminous asphalt roll roof per warranty requirements, installation of a new Styrene-Butadiene Styrene membrane over the roof system, and a new open protocol BACnet control system to interface with future tenant controls. The solicitation was issued by the General Services Administration Public Buildings Service Region 9.
The accompanying bid bond form is a standard form to be executed by the principal and sureties binding them to the United States government in the penal sum stated in the bid bond. It details the conditions under which the bond would be void depending on acceptance or rejection of the principal's bid and completion of contractual documents and bonds if required.
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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., 67$1'$5'�)250�����5(9���������%$&.
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(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 limitation listed therein. where more than one corporate surety is involved, their names and addresses shall appear in the spaces (Surety A, Surety B, etc.) headed "CORPORATE SURETY(IES)." In the space designed "SURETY(IES)" on the face of the form, insert only the letter identification of the sureties.
(b) Where 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."
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File details come from the government source that posted it. Updated .