Bid Bond.pdf
PDF 98 KB Posted
- Solicitation number
- BPM043867
- Issued by
- Baltimore County, Chesapeake Landing CDP, Maryland
About this file
This document is a Bid Bond for a state and local contract opportunity in Maryland. The contract opportunity is for the installation of new security screens at the Smith Building at the Spring Grove Hospital Center in Catonsville, Maryland. The successful contractor will be required to provide all labor, equipment, tools, materials, and supplies necessary for the installation work. The contract is being issued by the State of Maryland, with the work to be performed in Baltimore County and the Chesapeake Landing CDP jurisdiction.
The Bid Bond outlines the terms and conditions for the bid process, including the requirement for the principal (the bidder) to execute any further contractual documents and provide any required bonds within a specified timeframe if their bid is accepted. The Bid Bond also specifies the amount of the bond, which shall not exceed the difference between the principal's bid amount and a larger amount for which the State may contract with another party. The Bid Bond document provides the necessary legal and surety information to support the bidding process.
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Text version
Bid Bond Page-1 effective date: May 1, 2018
Bid Bond
Bond No. __________________
We, _______________________________ as Principal, hereinafter called the Principal, and
____________________________, a corporation duly organized under the laws of the State of
__________________, as Surety, hereinafter called the Surety, are held and firmly bound unto the State of Maryland, hereinafter called "State", for the sum of _______________________________________ for the payment of which sum, the Principal and the Surety bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a bid for (Identify project by number and brief description):
SG-692-240-003– Window Security Screen Installation
NOW, THEREFORE, if the Principal, upon acceptance by the State of its bid identified above, within the period specified therein for acceptance (ninety (90) days, if no period is specified), shall execute such further contractual documents, if any, and give such bond(s) as may be required by the terms of the bid as accepted within the time specified (ten (10) days if no period is specified) after receipt of the forms, or in the event of failure so to execute such further contractual documents and give such bonds, if the Principal shall pay the State the difference not to exceed the penalty hereof between the amount specified in Principal's bid and such larger amount for which the State may in good faith contract with another party to perform the work covered by said bid, then the above obligation shall be void and of no effect.
The Surety executing this instrument hereby agrees that its obligation shall not be impaired by any extension(s) of the time for acceptance of the bid that the Principal may grant to the State, notice of which extension(s) to the Surety being hereby waived; provided that such waiver of notice shall apply only with respect to extensions aggregating not more than ninety (90) calendar days in addition to the period originally allowed for acceptance of the bid.
Individual Principal
In Presence of:
Witness
(Name) as to (SEAL)
Partnership Principal
In Presence of:
Witness
(Name) as to (SEAL)
Partner as to (SEAL)
Partner as to (SEAL)
Partner
Bid Bond Page-2 effective date: May 1, 2018
Corporate Principal
Attest: (Name of Corporation) AFFIX
SEAL
By:
Secretary President
Attest: (Surety)
By:
Attorney-in-fact AFFIX
SEAL
Bonding Agent’s Name
Agent’s Address:
Approved as to form and legal sufficiency this ____ day of _____
20___
Assistant Attorney General
File details come from the government source that posted it. Updated .