Bid_Bond.pdf

This is a Bid Bond document for the Hamilton County Multi-Bridge Rehabilitation Project involving Bridge 140 (Hazel Dell Parkway over Cool Creek in Clay Township) and Bridge 164 (Cumberland Road over Mud Creek in Delaware Township) in Hamilton County, Indiana. The bid bond serves as a financial guarantee that the bidder will execute a contract if selected as the successful respondent and will provide the required performance and payment bonds upon award. The document establishes the bidder's commitment to the project and protects the county against losses if the winning bidder fails to fulfill contractual obligations or provide necessary bonding upon contract execution.

The bid bond specifies the principal (bidder), surety (bonding company), and obligee (Hamilton County) and includes the bond amount corresponding to the bid submitted. The bond remains in effect until either the contract is awarded and the successful bidder provides the required performance and payment bonds, or the bid is rejected and the bond is released. Standard bid bond terms and conditions apply, including provisions for forfeiture if the bidder withdraws its bid or fails to enter into the contract within a specified timeframe after award. This financial instrument is a standard requirement for construction projects of this scope to ensure bidder accountability and project execution.