Bid_Bond_.docx
DOCX document 34 KB Posted
- Solicitation number
- IFB- 26 - 132
- Issued by
- Pinellas County, Florida
About this file
This is a Bid Bond template document for the City of St. Petersburg, Florida, establishing the standard requirements for bid security submission in municipal procurement. The bond serves as a guarantee that a contractor, if awarded a contract, will execute a written contract and provide the required performance bond within ten consecutive calendar days of written notice of award. The bond amount is set at five percent (5%) of the Base Bid Price, and the document requires submission of either a certified check, cashier's check, or bid bond with the bid proposal. The template accommodates contractors organized as corporations, partnerships, or limited liability companies and requires execution by an authorized surety with a power of attorney attached. The document includes signature blocks for both the surety and principal, with provisions for either the principal's corporate seal or two witness signatures.
The bid bond obligates the surety to pay the stated amount to the City as liquidated damages if the principal fails to enter into the written contract or furnish a performance bond equal to one hundred percent (100%) of the bid within the specified timeframe. The surety must pay immediately upon demand by the City. The template was issued by the City of St. Petersburg in September 2020 and applies to solicitations such as IFB-26-132 for the Neighborhood Crossings - FY23 project, which is a roadway safety improvement initiative involving construction services at five intersections in Pinellas County. This standard bond requirement ensures bidder commitment and protects the City's interests throughout the procurement process.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Neighborhood_Crossings_-_FY23_(Project_No._23073-100).pdf | ||
| CITY_OF_ST_PETE_PURCHASING_82814-1_RECEIPT.pdf | ||
| Legal_Ad_Proof,_Runs_3_29.pdf | ||
| FILLABLE_BEP_NON-USE_BEP_FORM_B.pdf | ||
| Public_Construction_Bond.pdf | ||
| Base_Agreement.pdf | ||
| FILLABLE_LETTER_OF_INTENT_BEP-FORM_A.pdf | ||
| Bid_Bond_.docx | DOCX document | |
| Subcontractor_Summary_Spreadsheet.xlsx | XLSX spreadsheet | |
| Bidder_Security_Information.pdf | ||
| Bid_Plans.pdf | ||
| Contract_Specifications.pdf | ||
| Shelterd_BID_-_Subcontractor_Summary_Spreadsheet_.xlsx | XLSX spreadsheet | |
| Performance_&_Payment_Bond_.DOCX | DOCX document |
Show all 14
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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 .