Bid Bond.pdf

PDF 98 KB Posted

Attached to
AH-000-240-003 – Loading Dock Entrance Enhancement - Ellicott City, MD
Solicitation number
BPM043206
Issued by
Howard County, Elkridge CDP, Maryland

About this file

The provided document is a Bid Bond for a state and local contract opportunity in Maryland. The contract is for the AH-000-240-003 - Loading Dock Entrance Enhancement project, which involves removing the existing curb and topsoil system, providing and installing a new concrete apron system with bollards and associated components, and modifying the existing door entrance configurations at the Maryland School for the Deaf in Ellicott City, Maryland. The project is located at 8169 Old Montgomery Road, Ellicott City, MD 21043, and the work will be performed in Howard County and the Elkridge CDP jurisdiction.

The Bid Bond binds the Principal and Surety to the State of Maryland for the payment of a specified sum should the Principal fail to execute further contractual documents or provide required bonds upon acceptance of their bid. The Bid Bond is valid for 90 days from the bid submission, with the option for the State to grant up to an additional 90-day extension. No additional details are provided regarding pricing terms, set-asides, incumbent contractors, funding requirements, or other salient information.

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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):

AH-000-240-003 – Loading Dock Entrance Enhancement

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 .