Bid_Bond_.docx
DOCX document 34 KB Posted
- Solicitation number
- IFB- 26 - 270
- Issued by
- Pinellas County, Florida
About this file
This is a Bid Bond template document issued by the City of St. Petersburg, Florida for use in state and local contract bidding processes. The bid bond serves as a guarantee that a bidder who is awarded a contract will execute the required written contract and furnish performance bond within ten consecutive calendar days of written notice of award, or such longer period as agreed by the City. The bond amount must equal five percent of the total bid submission and is submitted alongside the bid as a condition of bid acceptance. The bond involves three parties: the Principal (the bidding contractor), the Surety (the bonding company), and the City of St. Petersburg as the obligee. The document requires certification of the Surety's Attorney-in-Fact authorization through an attached power of attorney document and must be signed and sealed according to the Principal's corporate structure, either with an impressed seal or witnessed by two individuals if the Principal has no seal.
The bid bond serves as liquidated damages protection for the City in the event a bidder fails to enter into a contract or provide the required performance bond equal to one hundred percent of the bid amount after award notification. The template is formatted for completion with specific project information, bond amount, date of execution, and signature lines for all parties. This standard form, last updated in September 2020, applies to the City of St. Petersburg's procurement activities, including the PURE Storage Evergreen Forever Support Subscription agreement for continued renewal of support services covering six 384TB Pure Storage Flash Arrays currently deployed across multiple City environments.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| PURE_Storage_Evergreen_Forever_Support_Subscription(s)_(Addendum_#2_Revision).pdf | ||
| PURE_Storage_Evergreen_Forever_Support_Subscription(s).pdf | ||
| Agreement.pdf | ||
| FILLABLE_BEP_NON-USE_BEP_FORM_B.pdf | ||
| Shelterd_BID_-_Subcontractor_Summary_Spreadsheet_.xlsx | XLSX spreadsheet | |
| FILLABLE_LETTER_OF_INTENT_BEP-FORM_A.pdf | ||
| Performance_&_Payment_Bond_.DOCX | DOCX document | |
| Public_Construction_Bond.docx | DOCX document | |
| Subcontractor_Summary_Spreadsheet.xlsx | XLSX spreadsheet |
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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 .