Attachment J - Bid Bond.pdf
PDF 109 KB Posted
- Solicitation number
- BPM036887
- Issued by
- Howard County, Elkridge CDP, Maryland
About this file
The document provided is a Bid Bond form for a state and local government contract opportunity in Maryland. The contract is for the design and construction of a new campus-wide Fire Alarm and Mass Notification System (FA/MNS) for the Maryland School for the Deaf, Columbia Campus. The project involves demolition and removal of existing components, reconfiguration and installation of new mass notification system components, and integration with the existing fire alarm system. The contract requires compliance with state codes, regulations, and NFPA standards. The bid bond is required to be submitted with the bid, which must be accepted within 90 days, and the successful bidder must execute further contractual documents and provide required bonds within 10 days of receiving the forms.
The bid bond form is for both non-LLC and LLC entities as the principal. It outlines the conditions under which the principal and surety will be held liable if the principal fails to execute the contract documents or provide the required bonds after the bid is accepted. The bid bond amount is specified for the principal to pay the state the difference between their bid and a higher amount the state may contract with another party.
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Text version
Bid Bond Page-1 effective date: May 1, 2018
Attachment J- Bid Bond (Non-LLC)
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
(Name) as to (SEAL) Partner as to (SEAL) Partner
Partner
Corporate Principal
Bid Bond Page-2 effective date: May 1, 2018
Attest: (Name of Corporation) AFFIX
SEAL
By:
Secretary President
Attest: (Surety)
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
Bid Bond Page-1 effective date: May 1, 2018
Bid Bond (LLC)
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 (Managing Member of LLC)
(Name)
Partnership Principal
(Name) as to (SEAL) Partner as to (SEAL) Partner
Partner
Bid Bond Page-2 effective date: May 1, 2018
Corporate Principal
Attest: (Name of Corporation) AFFIX
SEAL
Secretary President
Attest: (Surety)
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
| Bid Bond.pdf |
| Attachment J- Bid Bond (Non-LLC) |
| Bid Bond - Limited Liabiliy Company.pdf |
| Bid Bond (LLC) |
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