Bid_Bond.docx
DOCX document 26 KB Posted
- Attached to
- T-HANGAR ELECTRICAL SERVICE UPGRADE State and local contract opportunity
- Solicitation number
- B-25-01
- Issued by
- Volusia County, Florida
About this file
This document is a Bid Bond for the City of DeLand, Florida, specifically related to an electrical service upgrade project for the T-Hangar at the DeLand Airport. The bid bond serves as a financial guarantee that the principal bidder will honor their bid submission, enter into a contract if awarded, and provide necessary performance bonds. If the bidder withdraws their bid or fails to execute the contract, they may be liable to pay the difference between their bid and the next available bid price, up to 60 days after the owner's request.
The bond outlines specific financial protections for the City of DeLand, including provisions for recovering legal costs and attorneys' fees if proceedings are necessary to enforce the bond's terms. While specific project details are limited in this document, the related contract opportunity description indicates the project involves electrical upgrades to the T-Hangar at the DeLand Airport. The bond itself does not specify exact project costs, duration, or specific electrical upgrade requirements, but serves as a standard mechanism to ensure bidder commitment and mitigate financial risk for the municipal government.
View the file
Other files for this state and local contract opportunity
| File | Type | Posted |
|---|---|---|
| RCA.pdf | ||
| B2501Tabulation.pdf | ||
| B2501ADD3.pdf | ||
| B2501ADD2.pdf | ||
| B2501ADD1.pdf | ||
| B2501ADD1Attachment.xlsx | XLSX spreadsheet | |
| B2501Specs.pdf | ||
| B2501Plans.pdf |
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Text version
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we
| as Principal, | and _______________ | |
| as Surety, | ||
| are held and firmly bound unto CITY OF DELAND, hereinafter called the OWNER in the penal sum of ____________________________Dollars ($ | ), lawful money of the United States, for the payment of which sum well and truly be made, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents. |
The condition of this obligation is such that whereas the Principal has submitted the accompanying bid dated ____________ _________ , 20___, for the construction of
CITY OF DELAND
PROJECT TITLE
NOW THEREFORE, if the Principal shall not withdraw said bid within the period of time set forth in the contract documents, and shall within fifteen (15) calendar days after the prescribed forms are presented to him for signature enter into a written contract with the OWNER in accordance with the bid as accepted, and if the Principal shall give the required bonds with good and sufficient sureties for the faithful performance and proper fulfillment of such contract and for the protection of laborers and materialmen, or in the event of the withdrawal of said bid within the periods specified, or the failure to enter into said contract, and give such bonds within the time specified, if the Principal shall within sixty (60) days after request by the OWNER pay to the OWNER the difference between the amount specified in said bid and the amount for which the OWNER may procure the required work if the latter amount be in excess of the former, then the above obligation shall be void and of no effect, otherwise to remain in full force and virtue.
It is further agreed that if the OWNER is required to initiate legal proceedings to recover on this bond, it may also recover its costs relating thereto including a reasonable amount for attorneys' fees.
IN WITNESS WHEREOF, the above-bounden parties have executed this instrument under their several seals this ______ day of _____________, 20___, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative pursuant to authority of its governing body.
WITNESSES (If individual) PRINCIPAL
___________________________ By ___________________________
Title _________________________
ATTEST (if corporation)
Title _________________________ Corporate Seal
SURETY
By ___________________________ Title _________________________
Any claims under this bond may be addressed to:
name and address of Surety name and address of agent or representative in Florida if different from above telephone number of Surety and agent or representative in Florida
ATTEST
Title _______________ ________________________________
Corporate Seal
File details come from the government source that posted it. Updated .