Bid Bond.pdf
PDF 99 KB Posted
- Attached to
- M-581-241-003--Interior Painting--Cumberland, MD
- Solicitation number
- BPM040539
- Issued by
- Allegany County, Cumberland City, Maryland
About this file
This document is a Bid Bond for a state and local contract opportunity in Cumberland, Maryland. The Bid Bond is issued by the State of Maryland to the Principal bidder for the contract to perform interior painting work at the Cumberland Armory. The successful contractor will be required to provide all labor, equipment, tools, materials, and supplies to prep, repair, and repaint all existing painted surfaces at the Cumberland Armory located at 1100 Brown Ave Cumberland MD 21502. The Bid Bond binds the Principal bidder and Surety to the State of Maryland in the amount of the bid, should the Principal be awarded the contract but fail to execute the required contractual documents or provide the necessary bonds.
The contract opportunity is for the Interior Painting project, contract number M-581-241-003, located in Cumberland, Maryland within Allegany County. The contract is being offered by the State of Maryland, with the project site in the jurisdiction of Cumberland City.
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Text version
Bid Bond Page-1 effective date: May 1, 2018
Bid Bond
Bond No. __________________
We, _______________________________ as Principal, hereinafter called the Principal, and
____________________________, a corporation duly organized under the laws of the State of
__________________, as Surety, hereinafter called the Surety, are held and firmly bound unto the State of Maryland, hereinafter called "State", for the sum of _______________________________________ for the payment of which sum, the Principal and the Surety bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a bid for (Identify project by number and brief description):
M-581-241-003 – Interior Painting
NOW, THEREFORE, if the Principal, upon acceptance by the State of its bid identified above, within the period specified therein for acceptance (ninety (90) days, if no period is specified), shall execute such further contractual documents, if any, and give such bond(s) as may be required by the terms of the bid as accepted within the time specified (ten (10) days if no period is specified) after receipt of the forms, or in the event of failure so to execute such further contractual documents and give such bonds, if the Principal shall pay the State the difference not to exceed the penalty hereof between the amount specified in
Principal's bid and such larger amount for which the State may in good faith contract with another party to perform the work covered by said bid, then the above obligation shall be void and of no effect.
The Surety executing this instrument hereby agrees that its obligation shall not be impaired by any extension(s) of the time for acceptance of the bid that the Principal may grant to the State, notice of which extension(s) to the Surety being hereby waived; provided that such waiver of notice shall apply only with respect to extensions aggregating not more than ninety (90) calendar days in addition to the period originally allowed for acceptance of the bid.
Individual Principal
In Presence of:
Witness
(Name) as to (SEAL)
Partnership Principal
In Presence of:
Witness
(Name) as to (SEAL)
Partner as to (SEAL)
Partner as to (SEAL)
Partner
Corporate Principal
Bid Bond Page-2 effective date: May 1, 2018
Attest: (Name of Corporation) AFFIX
SEAL
By:
Secretary President
Attest: (Surety)
By:
Attorney-in-fact AFFIX
SEAL
Bonding Agent’s Name
Agent’s Address:
Approved as to form and legal sufficiency this ____ day of _____
20___
Assistant Attorney General
File details come from the government source that posted it. Updated .