BID_BOND.pdf
PDF 81 KB Posted
- Attached to
- Lompoc Library HVAC Units Replacement Project
- Solicitation number
- RFP NO. 3077
- Issued by
- Santa Barbara County, Los Angeles City, California
About this file
This is a Bid Bond document for the City of Lompoc's Lompoc Library HVAC Units Replacement Project solicitation in California. The City of Lompoc is requesting bids for HVAC units replacement at the library, with bids due by 2:00 pm on Friday, September 4, 2026. Proposals must remain valid for 90 calendar days following the bid opening date. Bidders are required to submit a Registered Bidder Information Sheet prior to bid submission to ensure they receive official communications and any modifications to the solicitation. All bids must be submitted in person to the Purchasing Office by the stated deadline, with late proposals being returned unopened. Written questions regarding bid specifications or clarifications must be submitted to Theresa Hernandez, Senior Buyer, by 4:00 pm on August 27, 2026. Interested parties should direct inquiries to the Purchasing Officer or designated staff; direct communication with other City personnel regarding the solicitation is prohibited and may result in bid rejection.
The bid bond, not required if a certified or cashier's check accompanies the bid, must equal ten percent (10%) of the aggregate bid amount. The surety must be authorized and licensed to transact business in the State of California. If a bidder's proposal is accepted and awarded but the bidder fails to execute the required contract and bonds within thirty (30) days of award notification, the bid bond amount will be forfeited as liquidated damages. All signatures on the bond must be notarized, corporate seals must be affixed, and the attorney-in-fact must attach a power of attorney from the surety. Proposals must bear original signatures and figures, and all bids will remain confidential with no public reading aloud of proposals.
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Text version
BID BOND
(Not required if certified or cashier’s check accompanies the bid)
KNOW ALL MEN BY THESE PRESENTS THAT WE, as Principal, And, , as Surety, authorized and licensed to transact business in the State of California, do hereby acknowledge ourselves to be held and obligated as joint Obligors to the CITY OF LOMPOC, as Obligee, in the sum of ten percent (10%) of the aggregate amount bid by the principal. Said Principal and Surety do hereby bind themselves, their heirs, executors, administrators, successors, and assigns, jointly and severally by their bond.
WHEREAS, said Principal is about to submit to the City of Lompoc the foregoing bid or proposal for performance of the work therein mentioned, which includes the furnishing of all materials in compliance with the specifications and plans, if any, under the Notice Inviting Bids/Proposals from said City of Lompoc.
NOW, THEREFORE, if the bid or proposal of the Principal is accepted and awarded to said Principal by the City of Lompoc and if said Principal fails or neglects to enter into a contract and/or to execute the required bonds in connection with the contract within thirty (30) days after the contract is awarded to said Principal, then, the above-named Obligors shall pay to said Obligee the aforementioned sum of ten percent (10%) of the aggregate amount bid, as liquidated damages for such failure or neglect.
THEIR AGREEMENT shall be binding on the Principal and Surety executing the same, their legal representatives, successors, and assigns.
EXECUTED their day of 2026
Witness PRINCIPAL
Typed Witness Name By:
Signature/Title
(CORP. SEAL)
Witness SURETY
Typed Witness Name By:
Signature/Title
(CORP. SEAL) Attorney in Fact
Notary
NOTE: ALL SIGNATURES MUST BE NOTARIZED AND CORPORATE SEALS AFFIXED TO THEIR BOND.
ATTORNEY-IN-FACT MUST ATTACH A POWER OF ATTORNEY FROM THE SURETY.
BID BOND
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