B5 WC2608 Bid Bond Form, 71-FA-8.2_Dec_2023 10.24.26.pdf
PDF 82 KB Posted
- Attached to
- WC2608 SWOPE Stormwater Basin Retrofit Project
- Solicitation number
- Not on record
- Issued by
- Chester County, Pennsylvania
About this file
This is a Bid Bond Form for Solicitation No. WC2608, issued by the State System of Higher Education, Commonwealth of Pennsylvania, on behalf of West Chester University of Pennsylvania for the SWOPE Stormwater Basin Retrofit Project. The project involves the retrofit of an existing detention basin at the southeast corner of the intersection of South High Street and East Campus Drive in West Chester, Pennsylvania, including clearing and grubbing, installation of amended soils and an underdrain system, outlet structure replacement, drainage structures and piping, gabion basket forebay, and associated work. The contract time extends from December 7, 2026, through July 3, 2027, representing 208 calendar days. A pre-bid site visit is scheduled for November 6, 2026, at 11:00 AM. The contract cost range is $450,000 to $550,000. The project is classified as a Prevailing Wage project, with the Prevailing Minimum Wage Determination serial number 26-07767, dated August 25, 2026. No liquidated damages provision is included.
The Bid Bond Form requires submission on the prescribed form with all blanks completed, and must be submitted by the bidder as security for the bid. The bond amount shall equal the difference between the bidder's bid amount and any higher amount the Obligee may pay to contract with another party to perform the work, plus administrative costs. The surety must be a corporation organized and existing under the laws of a state or commonwealth and authorized to transact business in Pennsylvania. The surety must attach a Power-of-Attorney dated to match the Bid Bond date, demonstrating current authority of the signatory. The bond must be signed according to the bidder's entity type: individuals, proprietorships, or partnerships require one signature and one witness signature; corporations, limited partnerships, limited liability partnerships, or limited liability companies require two signatures from appropriate officers with a corporate seal. No specific set-asides for disadvantaged enterprises are indicated in this bond form document.
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Text version
Solicitation for Construction 71-FA-8.2 Bid Bond Solicitation No. WC2608 Page 1 of 2
STATE SYSTEM OF HIGHER EDUCATION
COMMONWEALTH OF PENNSYLVANIA
BID BOND
(Bid Bond must be submitted on this form; all blanks must be completed)
Bond No.
Amount $
KNOW ALL MEN BY THESE PRESENTS, that we, (hereinafter called the "Principal") as Principal and a corporation organized and existing under the laws of the State/Commonwealth of , and authorized to transact business in Pennsylvania, as Surety, (hereinafter called the "Surety"), are held and firmly bound unto the State System of Higher Education, Pennsylvania (hereinafter called the "Obligee"), in the sum of Dollars ($ ) for the payment of which sum, well and truly to be made, we, the said Principal, and the said Surety, bind ourselves, our heirs, our administrators, successors, and assigns, jointly and severally firmly by these presents.
Sealed with our seals and dated this day of , WHEREAS the Principal has submitted a bid upon Contract No.
for
NOW, THEREFORE, the conditions of these obligations are such that if the Principal shall not withdraw its bid prior to the expiration of the award period after the opening of the bids; and shall comply with all requirements set forth in the "Invitation For Bids", in the "Instructions to Bidders", and on the "Bid Form";
and if the said contract be awarded to the Principal and the Principal shall, within such time as may be specified, enter into the contract in writing, and give bond, with Surety acceptable to the Obligee, covering the faithful performance of the said contract, payment of claims for labor, material, and equipment rental, comply with the warranty provisions, and the remedy of defective workmanship or material for one year after the date of completion, all of which shall be supplied on the forms as specified by said Obligee; or if the Principal shall fail to do so, pay to the Obligee the lesser of the following amounts: 1) the amount of this bond as hereinabove set forth, or 2) the difference between the amount specified in the Principal's bid and such larger amount for which the Obligee may in good faith contract with another party to perform the work covered by said bid including the administrative cost to effect such contract, then this obligation shall be void; otherwise to remain in full force and effect.
Solicitation for Construction 71-FA-8.2 Bid Bond Solicitation No. WC2608 Page 2 of 2
If the Bidder is an Individual, Proprietorship, or Partnership:
(one signature and one witness signature required)
(Signature) (Witness)
(Date)
If the Bidder is a Corporation, LP, LLP, or LLC:
(two signatures required)
(President/Vice President) (Secretary/Treasurer)
(Date)
(CORPORATE SEAL)
SURETY (include title of Signatory)
(SURETY SEAL)
INSTRUCTIONS FOR BID BOND:
The names of the Principal and the Surety on the front page must include a street address.
The Surety must attach to the Bid Bond a Power-of-Attorney, which must be dated to match the date of the Bid Bond, and showing that the person signing the Bid Bond for the Surety has current authority to do so.
File details come from the government source that posted it. Updated .