Attachment B - Standard Form 24 - Bid Bond.pdf
Standard Form PDF 141 KB Posted
- Solicitation number
- 47PK0124R0010
About this file
This document is a Bid Bond for a federal contract opportunity. The Bid Bond binds the Principal and Surety(ies) to the United States Government in the penal sum stated. The conditions of the Bid Bond state that if the Principal, upon acceptance of their bid by the Government, executes the further contractual documents and provides the required bonds, then the obligation is void. If the Principal fails to do so, the Surety(ies) agree to pay the Government for any excess costs of procuring the work over the bid amount.
The related federal contract opportunity is for construction services to renovate and reconfigure approximately 46,000 square feet of office space in the Speaker Nancy Pelosi Federal Building in San Francisco, California. The work includes demolition, interior construction, mechanical, electrical, and IT systems. The estimated cost range is $10 million to $20 million, and the project duration is 548 calendar days. This is a Total Small Business Set-Aside procurement under NAICS code 236220, with award to be made to the most advantageous offeror based on price and other factors.
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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 .