Bid Bond.pdf
PDF 197 KB Posted
- Attached to
- REBID of CD 50 7. 2C Ingram Foster Park
- Solicitation number
- Not on record
- Issued by
- Allegheny County, Pennsylvania
About this file
This is a Bid Bond form used by the Char-West Council of Governments (COG) for Contract No. 26-D01, a structure demolition project in Collier Township, Pennsylvania, specifically for the property located at 4237 Thoms Run Road. The bid bond serves as a financial guarantee that a bidder will enter into a contract if their proposal is accepted. The form requires completion of bidder information, surety company details, bid amount, and submission date. Sealed bids for this demolition project were due by 11:00 am on January 8, 2026, with immediate opening following the deadline. The contract requires bidders to submit a bid bond or certified check equal to 10% of the bid amount, and successful contractors must provide a Labor and Materials Payment Bond, Performance Bond, and Maintenance Bond, each for 100% of the contract value.
The bid bond amount must equal 10% of the total bid submission, with liquidated damages set at $500 per calendar day for failure to meet the stipulated completion date. The surety company executing the bond must appear on the U.S. Treasury Department's current list (Circular 570 as amended) and be authorized to conduct business in Pennsylvania. The project is funded through a Pennsylvania Department of Community and Economic Development Blight Remediation Program Grant and requires compliance with the Davis-Bacon Act, prevailing wage standards (Serial No. 25-10248), Title VI of the Civil Rights Act of 1964, and federal labor standard provisions. Bidders must possess a Data Universal Numbering System (DUNS) number and CAGE CODE, maintain comprehensive insurance coverage including worker's compensation, and submit detailed contractor qualification statements and financial documentation.
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Text version
COLLIER TOWNSHIP – CONTRACT NO. 26-D01
STRUCTURE DEMOLITION C-7 PROPOSAL
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we, ____________________________
______________________________________________________________ as Principal and __________________________________________________________ of the City of ______________________, State of ____________________, a corporation existing under the laws and the State of ___________________, and authorized to transact business in __________________________________________, as Surety, are held and firmly bound unto the CHAR-WEST COUNCIL OF GOVERNMENTS, One Veterans
Way, Suite 202 Carnegie, Pennsylvania 15106 hereinafter called the Obligee, in the sum of _____________________________________________________________________
($____________________), lawful money of the United States of America, for payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators and successors, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the Principal has submitted the accompanying Proposal or Bid dated _______________________, 20____, for CONTRACT NO. 26-D01 – 4237 THOMS RUN ROAD STRUCTURE
DEMOLITION (CD 51 3.11.4) (COLLIER TOWNSHIP).
NOW, THEREFORE, the condition of this Bond shall be such that if the Principal, upon due acceptance of said Proposal and award of the Contract to him by the Obligee, bonds with good and sufficient surety as may be required by the Contract Documents, and furnishes the Obligee proper evidence of effectiveness of insurance coverage, respectively, within the time, in the forms and in the amounts as appropriate, required by the Contract Documents, and enters into a Contract with the Obligee in accordance with the Contract Documents, then this Bond shall be void; otherwise, the Bond shall be and shall remain in full force and effect.
The Principal and Surety hereby stipulates and agrees that if the Principal fails to perform all conditions of this Bond, they will pay the sum of the Bond to the Obligee as fixed, liquidated damages.
The Surety for 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 time within the owner may accept such bid; and said Surety does hereby waive notice of any extension.
It is the intention of the parties to be legally bound by this instrument.
COLLIER TOWNSHIP – CONTRACT NO. 26-D01
STRUCTURE DEMOLITION C-8 PROPOSAL
IN WITNESS WHEREOF, the above bounded parties have executed this instrument under their several seals this _________ day of __________________________, 20____, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned and representative, pursuant to authority of its governing body.
ATTEST: ___________________________________
Name of Bidder, Corporation, Firm or Individual
WITNESS:
__________________________ By _________________________________
Title _______________________________
BUSINESS ADDRESS OF BIDDER:
ATTEST:
Surety
Attorney-In-Fact
IMPORTANT -- Surety companies executing BONDS must appear on the Treasury Department's most current list (Circular 570 as amended) and be authorized to transact business in the state where the project is located.
File details come from the government source that posted it. Updated .