Bid Bond.pdf
PDF 99 KB Posted
- Solicitation number
- BPM043430
- Issued by
- Anne Arundel County, Annapolis City, Maryland
About this file
This document is a Bid Bond for a contract opportunity issued by the State of Maryland for the project BA-659-242-003 - Replace Sump Pump Systems 1, 2, 3 & 4 located in Annapolis, Maryland. The successful contractor will be responsible for providing all labor, equipment, tools, materials, and supplies required for the replacement of the existing two storm water pumps, with all work to be completed in accordance with the project manual. The contract opportunity is located within the jurisdictions of Anne Arundel County and the City of Annapolis.
The Bid Bond outlines the requirements for the contractor to execute further contractual documents and provide any required bonds within a specified timeframe upon acceptance of their bid by the State. The Bid Bond also covers the contractor's liability in the event they fail to execute the additional documents or provide the required bonds, outlining that the contractor may be responsible for the difference between their bid amount and the amount the State may contract with another party.
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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):
BA-659-242-003 – Replace Sump Pump Systems 1, 2, 3 & 4
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
Corporate Principal
Bid Bond Page-2 effective date: May 1, 2018
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 .