Attachment-C.-Bid-Bond.pdf
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- Attached to
- SGHC - Snow Removal Services
- Solicitation number
- BPM058032
- Issued by
- Maryland
About this file
This is a Bid Bond form required by the State of Maryland for submission with bids on state contracts, including the Snow Removal Services opportunity at Spring Grove Hospital Center. The bid bond serves as a guarantee that the bidding contractor will execute required contractual documents and provide any necessary performance or payment bonds within the specified timeframes if their bid is accepted. The Principal and Surety are jointly and severally bound to the State of Maryland in the bond amount specified in the bid submission. The State allows ninety (90) days from bid acceptance for the Principal to execute further contractual documents and provide required bonds, or ten (10) days if no period is specified in the bid documents. If the Principal fails to fulfill these obligations, the Surety must pay the State the difference between the Principal's bid amount and the amount the State pays another contractor to perform the work, not to exceed the bond penalty amount.
The bond is effective as of July 2024 and may be executed by an individual principal, partnership, or corporation, with appropriate witnesses and seals required based on the entity type. The Surety's obligation shall not be impaired by any extensions of the bid acceptance period, with notice to the Surety being waived for extensions aggregating up to ninety (90) additional calendar days beyond the original acceptance period. The bid bond must be approved as to form and legal sufficiency by the Assistant Attorney General prior to acceptance. All signature lines, bond amounts, principal identifications, and other variable terms are blank in this template, to be completed upon submission with an actual 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):
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 .