Bid_Bond.pdf
PDF 83 KB Posted
- Solicitation number
- PR-26-0836
- Issued by
- Hamilton County, Indiana
About this file
This is a Bid Bond document for Hamilton County, Indiana and the Hamilton County Board of Commissioners related to the 146th Street and Hazel Dell Parkway Intersection Improvement Project in Clay and Noblesville Townships. The bid bond serves as a financial guarantee that a bidder will enter into a contract with Hamilton County upon award of the construction project. The bond amount is set at ten percent of the principal bidder's bid amount and requires joint and several obligation from both the bidder as principal and a designated surety. The bond remains in effect unless Hamilton County awards the contract to the principal and the principal promptly executes the contract agreement; otherwise, the full obligation of the bond is maintained. The document specifies that any modifications, omissions, or additions to contract terms, plans, or specifications do not affect the surety's obligation on the bond.
The bid bond requires execution and notarization by authorized representatives of both the principal bidder and the surety, with signatures and seals witnessed by notaries public in the State of Indiana. The document includes blank fields for the surety name and address, signature lines for both principal and surety with printed names and titles, and notarial certification sections indicating the state and county of execution along with notary expiration dates. This standard bid bond format protects Hamilton County by ensuring bidders have financial commitment to execute awarded contracts and remain compliant with all contract specifications and terms.
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Text version
14 HCHD Contract Documents
Rev. 2025-03-28
BID BOND
KNOWN BY ALL PERSONS BY THESE PRESENTS THAT THE UNDERSIGNED:
BIDDER :
as principal, and SURETY:
[Name]
[Address] as Surety, are firmly bound unto Hamilton County, Indiana and the Hamilton County Board of Commissioners (collectively referred to as “Hamilton County”) in the full and just sum of an amount equal to TEN PERCENT of the amount of the Principal’s bid, to the payment of which, well and truly to be made, we bind ourselves jointly and severally, and our joint and several heirs, executors, administrators and assigns, firmly by these presents.
THE CONDITIONS OF THE ABOVE OBLIGATIONS ARE SUCH THAT, whereas, the Principal is herewith submitting a bid and proposal for construction and completion of this contract in accordance with plans and specifications, which are made part of this bond;
NOW, THEREFORE, if Hamilton County shall award the Principal the contract and the Principal shall promptly, enter into contract with Hamilton County, then this obligation shall be void; otherwise to remain in full force, virtue, and effect.
IT IS AGREED that no modifications, omissions, or additions in or to the terms of such contract or in or to the plans or specifications therefor shall affect the obligation of such sureties on this bond.
IN WITNESS WHEREOF, we hereto set our hands and seals:
15 HCHD Contract Documents
Rev. 2025-03-28
< <BIDDER > >
(Bid Bond)
(Signature)
(Printed)
(Title)
State of Indiana, County of, , SS:
Before me, the undersigned Notary Public, personally appeared;
As Principal and acknowledged the execution of the above bond on this Day of , 20 .
My commission Expires:
(County of Residence) (Notary Signature & Seal)
< <SURETY > >
(Bid Bond)
(Signature)
(Printed)
(Title)
State of Indiana, County of, , SS:
Before me, the undersigned Notary Public, personally appeared;
As Principal and acknowledged the execution of the above bond on this Day of , 20___.
My commission Expires:
(County of Residence) (Notary Signature & Seal)
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