Attachment-C.-Bid-Bond Corporation.pdf
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- Solicitation number
- BPM059114
- Issued by
- Maryland
About this file
This is a Bid Bond document effective July 2024 for the State of Maryland related to contract opportunity AH-000-270-003, which involves the replacement of gymnasium bleachers at the Maryland School for the Deaf. The bid bond serves as a surety instrument binding the Principal (bidder) and the Surety (bonding company) to the State of Maryland. The document establishes the terms under which the Principal must execute further contractual documents and provide required bonds within ten days of receiving forms, or alternatively pay the State the difference between their bid amount and any higher amount the State must pay to another party to complete the work. The Principal has ninety days from bid acceptance to fulfill these obligations unless the State grants extensions, with the Surety waiving notice of extensions up to an additional ninety calendar days.
The bid bond requires completion of signature blocks for the Principal (whether individual, partnership, or corporate entity) and the Surety, along with attestation by corporate officers and the bonding agent. The solicitation is restricted to Small Business Enterprises that have been approved for the Master Contractors Central Region contract. The document includes spaces for the bond number, penalty amount, and approval signatures from an Assistant Attorney General to confirm legal sufficiency. All blank fields in the form—including the bond amount, surety information, principal identification, and execution dates—must be completed before submission with the bid.
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Text version
Attachment C. Bid Bond effective date: July 2024
Attachment C. Bid Bond
Bond No. __________________
We, _______________________________ as Principal, hereinafter called the Principal, and ____________________________, a corporation duly organized under the laws of the State of __________________, as Surety, hereinafter called the Surety, are held and firmly bound unto the State of Maryland, hereinafter called "State", for the sum of _______________________________________ for the payment of which sum, the Principal and the Surety bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a bid for (Identify project by number and brief description):
AH-000-270-003 IQC Replacement of Gymnasium Bleachers
NOW, THEREFORE, if the Principal, upon acceptance by the State of its bid identified above, within the period specified therein for acceptance (ninety (90) days, if no period is specified), shall execute such further contractual documents, if any, and give such bond(s) as may be 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, or in the event of failure so to execute such further contractual documents and give such bonds, if the Principal shall pay the State the difference not to exceed the penalty hereof between the amount specified in Principal's bid and such larger amount for which the State may in good faith contract with another party to perform the work covered by said bid, then the above obligation shall be void and of no effect.
The Surety executing this instrument hereby agrees that its obligation shall not be impaired by any extension(s) of the time for acceptance of the bid that the Principal may grant to the State, notice of which extension(s) to the Surety being hereby waived; provided that such waiver of notice shall apply only with respect to extensions aggregating not more than ninety (90) calendar days in addition to the period originally allowed for acceptance of the bid. Individual Principal
In Presence of:
Witness
(Name) as to (SEAL)
Partnership Principal
In Presence of:
Witness
(Name) as to (SEAL) Partner as to (SEAL) Partner as to (SEAL) Partner
Corporate Principal
Attachment C. Bid Bond effective date: July 2024
Attest: (Name of Corporation) AFFIX
SEAL
By:
Secretary President
Attest: (Surety)
By:
Attorney-in-fact AFFIX
SEAL
Bonding Agent’s Name
Agent’s Address:
Approved as to form and legal sufficiency this ____ day of _____ 20___
Assistant Attorney General
File details come from the government source that posted it. Updated .