Bid_Bond_.docx
DOCX document 34 KB Posted
- Attached to
- Police and Fire Uniforms
- Solicitation number
- IFB- 26 - 301
- 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 competitive bidding processes. The bond serves as a guarantee that a bidder will execute a contract and provide required performance security if awarded a project. The bid bond requires submission with the bid proposal and must be in the amount of five percent (5%) of the total bid value. The Principal must enter into a written contract with the City within ten (10) consecutive calendar days after written notice of award, or such longer period as mutually agreed upon. Upon contract execution, the Principal must furnish a performance bond or alternate form of security approved by applicable law in an amount equal to one hundred percent (100%) of the bid amount.
The bond obligates both the Principal and Surety jointly and severally to pay the City the full bid bond amount as liquidated damages if the Principal fails to execute the contract and provide the required performance security within the specified timeframe. The Surety must provide a copy of a power of attorney attested by the corporate secretary evidencing that the Attorney-in-Fact executing the bond is duly authorized. The Principal must either affix its corporate seal with attestation by an authorized representative or provide two witness signatures, depending on whether the Principal maintains a corporate seal. This standardized bond template establishes the conditions under which the City may claim the bid security as compensation for the bidder's failure to perform contractual obligations.
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Other files
| File | Type | Posted |
|---|---|---|
| Police_and_Fire_Uniforms_(Addendum_#3_Revision).pdf | ||
| Police_and_Fire_Uniforms_(Addendum_#2_Revision).pdf | ||
| Police_and_Fire_Uniforms.pdf | ||
| Specifications_and_Finishing_Requirements.pdf | ||
| Base_Agreement_.pdf | ||
| Public_Construction_Bond.docx | DOCX document | |
| Subcontractor_Summary_Spreadsheet.xlsx | XLSX spreadsheet | |
| FILLABLE_BEP_NON-USE_BEP_FORM_B.pdf | ||
| FILLABLE_LETTER_OF_INTENT_BEP-FORM_A.pdf | ||
| Performance_&_Payment_Bond_.DOCX | DOCX document | |
| Shelterd_BID_-_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 .