Bid_Bond_.docx
DOCX document 34 KB Posted
- Attached to
- General Purpose Cleaning Rags and Towels
- Solicitation number
- IFB- 26 - 198
- Issued by
- Pinellas County, Florida
About this file
This is a Bid Bond template document issued by the City of St. Petersburg, Florida, establishing the financial guarantee requirements for bidders responding to the City's solicitations. The bid bond serves as a mandatory submission requirement alongside bids, designed to ensure that awarded contractors will execute a written contract and provide performance bonds as specified by the City. Bidders must submit a certified check, cashier's check, or bid bond in the amount of five percent (5%) of their bid value as a guarantee of good faith. Upon contract award, the successful bidder has ten (10) consecutive calendar days after written notice of award, or such longer period as agreed to by the City, to enter into a written contract and furnish a performance bond equal to one hundred percent (100%) of the bid amount. Failure to meet these conditions results in the bid bond being forfeited as liquidated damages to the City.
The bid bond template requires execution by both the surety and principal, with the surety represented by an Attorney-in-Fact holding a valid Florida license. A certified power of attorney attested by the corporate secretary of the surety must accompany the bond. The principal, whether a corporation, partnership, or LLC, must execute the bond with appropriate attestation and sealing requirements based on whether the entity maintains a corporate seal; if no seal exists, two witness signatures are required. The document is applicable to all City of St. Petersburg procurement opportunities and was last updated in September 2020. The specific contract opportunity referenced involves the provision of general-purpose cleaning rags and shop towels to the City's Consolidated Warehouse on an as-needed basis.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Vendor_Reference_Form_.pdf | ||
| General_Purpose_Cleaning_Rags_and_Towels.pdf | ||
| Base_Agreement.pdf | ||
| FILLABLE_LETTER_OF_INTENT_BEP-FORM_A.pdf | ||
| FILLABLE_BEP_NON-USE_BEP_FORM_B.pdf | ||
| Shelterd_BID_-_Subcontractor_Summary_Spreadsheet_.xlsx | XLSX spreadsheet | |
| Subcontractor_Summary_Spreadsheet.xlsx | XLSX spreadsheet | |
| Performance_&_Payment_Bond_.DOCX | DOCX document | |
| Public_Construction_Bond.docx | DOCX document |
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
BID BOND
BOND # ____________________
STATE OF FLORIDA
(COUNTY OF ________________)
(CITY OF ___________________)
KNOW ALL MEN BY THESE PRESENTS:
That we, (hereinafter called “Principal”) (Name of Corporation, Partnership, or LLC) located at __________________________________________________, (____)___________, (Principal Business Address) (Phone Number) and (hereinafter called “Surety”) (Name of Surety) located at __________________________________________________, (____)___________, (Surety Business Address) (Phone Number) are held and firmly bound unto the City of St. Petersburg, Florida (hereinafter called "City") in the sum of: Dollars ($ ) lawful money of the United States of America, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents.
WHEREAS, the Principal: contemplates submitting or has submitted a Bid to the City for:
INSERT PROJECT INFORMATION REQUIRED BY DEPARTMENT
WHEREAS, it was a condition precedent to the submission of said Bid that a certified check, cashier's check or Bid Bond in the amount of five percent (5%) of the Bid be submitted with said Bid as a guarantee that, if awarded the contract, the Principal would, within ten (10) consecutive calendar days after written notice of award (or such longer period of time agreed to by the City), enter into a written contract with the City and furnish the required performance bond (or alternate form of security permitted by applicable laws) in an amount equal to one hundred percent (100%) of the Bid satisfactory to the City.
NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE SUCH, that if the Bid and the Principal herein be accepted and within ten (10) consecutive calendar days after written notice of award (or such longer period of time agreed to by the City) said Principal enter into a written contract with the City, and furnish the required performance bond (or alternate form of security permitted by applicable laws) in an amount equal to one hundred percent (100%) of the Bid, satisfactory to the City, then this obligation shall be void; otherwise, the sum herein stated shall be due and payable to the City and the Surety herein agrees to pay said sum immediately upon demand of said City, in good and lawful money of the United States of America, as liquidated damages for failure thereof of said Principal.
IN TESTIMONY WHEREOF, the hands and seals of the parties hereto this _____ day of __________________, 20____.
SURETY:
SURETY NAME
BY:
(Signature of Attorney-in-Fact)
(Print or Type Name of Attorney-in-Fact)
(Florida license # of Attorney-in-Fact)
Surety Seal
Note: A copy of a power of attorney attested by the corporate secretary of the Surety evidencing the Attorney-in-Fact named above is currently authorized to execute this bond on behalf of the Surety must be attached to this bond.
PRINCIPAL:
PRINCIPAL NAME
BY:
(Signature)
(Print or Type Name and Title)
Check applicable box below (check only one box):
Principal has a seal. If checked, attest and impress Principal’s seal:
ATTEST: Principal Seal
BY:
(Signature)
(Print or Type Name)
Principal has no seal. If checked, provide two witness signatures:
WITNESS 1 for Principal:
BY:
(Signature)
(Print or Type Name)
WITNESS 2 for Principal:
BY:
(Signature)
(Print or Type Name)
00525848 September 2020
File details come from the government source that posted it. Updated .