Bid Bond.pdf
PDF 17 KB Posted
- Attached to
- CONSTRUCTION HVAC UNIT (PHARMACY DEPARTMENT)
- Solicitation number
- ARFQ 0512 WEH2600000003 3
- Issued by
- Mingo County, West Virginia
About this file
This is a Bid Bond template document for the State of West Virginia Department of Administration Purchasing Section. The document establishes the framework for bid bonds required as part of the state contracting process. While the specific contract details, project scope, quantities, timelines, and award dates are not populated in this template document, the bid bond serves as a financial guarantee mechanism that bidders must submit with their proposals to demonstrate good faith intent to enter into a contract if their bid is accepted.
The bid bond requires the principal (bidder) to secure a surety bond from a West Virginia-licensed surety insurance company. The penal sum of the bond is to be determined based on the specific bid amount and contract requirements. The surety's liability is limited to the stated penal amount, and the surety waives notice of any extension of the bid acceptance period. The document must be executed by a proper officer of both the principal and surety, with the surety required to affix its seal and attach a power of attorney with seal affixed. Failure to meet contract obligations, furnish required bonds and insurance, or perform according to the accepted bid renders the bond enforceable; conversely, if the bid is rejected or all conditions are met, the bond obligation becomes null and void.
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| WV73 Drug Free Affidavit (1).pdf | ||
| TCA.pdf | ||
| Addendum 1.pdf | ||
| Bid Bond Instructions (1).pdf | ||
| WV HIPAA BAA.pdf | ||
| Exhibit B - Construction Drawings.pdf | ||
| BondLaborMat (1).pdf | ||
| DoHS Federal Funds Addendum.pdf | ||
| WV75 - Construction Bid Submission Review.pdf | ||
| Final_ARFQ_0512_WEH2600000003_1_WV_ARFQ_FORM.PDF | ||
| BondPerform (1).pdf | ||
| WV-43 WV-36.pdf | ||
| Pre-bid sign in sheet.pdf | ||
| Exhibit A Pricing Page HVAC.docx | DOCX document | |
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| WV72 Drug Free Coversheet (1).pdf | ||
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| AIA Documents.pdf | ||
| Specifications.docx | DOCX document |
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Text version
Agency
REQ.P.O#
BID BOND
KNOW ALL MEN BY THESE PRESENTS, That we, the undersigned, of , , as Principal, and of , , a corporation organized and existing under the laws of the State of with its principal office in the City of , as Surety, are held and firmly bound unto the State of West Virginia, as Obligee, in the penal sum of ($ ) for the payment of which, well and truly to be made, we jointly and severally bind ourselves, our heirs, administrators, executors, successors and assigns.
The Condition of the above obligation is such that whereas the Principal has submitted to the Purchasing Section of the
Department of Administration a certain bid or proposal, attached hereto and made a part hereof, to enter into a contract in writing for
NOW THEREFORE,
(a) If said bid shall be rejected, or
(b) If said bid shall be accepted and the Principal shall enter into a contract in accordance with the bid or proposal attached hereto and shall furnish any other bonds and insurance required by the bid or proposal, and shall in all other respects perform the agreement created by the acceptance of said bid, then this obligation shall be null and void, otherwise this obligation shall remain in full force and effect. It is expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated.
The Surety, for the value received, hereby stipulates and agrees that the obligations of said Surety and its bond shall be in no way impaired or affected by any extension of the time within which the Obligee may accept such bid, and said Surety does hereby waive notice of any such extension.
WITNESS, the following signatures and seals of Principal and Surety, executed and sealed by a proper officer of Principal and
Surety, or by Principal individually if Principal is an individual, this day of , 20 .
Principal Seal (Name of Principal)
By
(Must be President, Vice President, or Duly Authorized Agent)
(Title)
Surety Seal (Name of Surety)
Attorney-in-Fact
IMPORTANT – Surety executing bonds must be licensed in West Virginia to transact surety insurance, must affix its seal, and must attach a power of attorney with its seal affixed.
File details come from the government source that posted it. Updated .