Bid Bond.pdf
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- Solicitation number
- BPM039197
- Issued by
- Garrett County, Maryland
About this file
This document is a Bid Bond for the State of Maryland regarding the contract opportunity to replace four wall-mounted HVAC units at the Maryland Public TV facility in Oakland, MD. The project involves the removal and replacement of four existing wall-mounted HVAC units/lead-lags with new in-kind units, including all necessary wiring and piping components for four functioning systems throughout the two sides of the building. The bid bond is required for the principal to execute further contractual documents and provide any necessary bonds if their bid is accepted by the State of Maryland within the 90-day period specified. The bond is valued at an unspecified amount to cover the difference between the principal's bid and any larger amount the State may contract with another party to perform the work.
The related state and local contract opportunity is for the project titled "TV-673-240-003 - Replace 4 Wall Mounted HVAC Units (Lead-Lags)" located in Oakland, MD within Garrett County. The work is to be performed in accordance with the project manual, which provides all necessary details. No additional information is provided regarding pricing terms, funding sources, or other salient contract details.
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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):
TV-673-240-003 - Replace 4 Wall Mounted HVAC Units (Lead-Lags)
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 .