Attachment_G_Bid_Bond_Form.pdf

This is a Bid Bond Form attachment for the District of Columbia Department of General Services related to Design-Build Services for Hendley Elementary School Modernization. The bid bond form is a standard surety document required as part of the proposal submission process for the project, which involves comprehensive design and construction services for the modernization of Hendley ES located at 425 Chesapeake Street SE, Washington, DC 20032. The project scope encompasses an approximately 79,575 square-foot school facility that combines renovation of existing structures with new construction to meet District of Columbia Public Schools educational specifications. Project deliverables include full design and construction services, new outdoor play and educational areas, a turf field (minimum U-8 size), parking and loading facilities, and new site fencing, with existing exterior site amenities to be replaced in kind unless modified through the project process. The bid bond form establishes the financial assurance mechanism that bidders must provide as evidence of good faith intent to execute a contract should their proposal be selected for award.

The bid bond serves as a financial guarantee that protects the District by ensuring the selected design-builder will execute the contract and performance bond at the awarded amount. Bidders are required to submit this surety instrument with their proposals as part of the submission requirements, typically held in the amount of ten percent of the bid price or as otherwise specified in the RFP terms. The bond remains in effect until the successful bidder executes the contract and furnishes the required performance bond, at which point the bid bond is released. This standard procurement requirement ensures financial accountability and reduces the risk to the District of Columbia associated with proposal withdrawal or contractor default.