Bid Bond.pdf
PDF 88 KB Posted
- Attached to
- TV-674-240-003 Replace 4 Wall Mounted HVAC Units (Lead-Lags), Maryland Public TV – Frederick/Clarksburg, MD
- Solicitation number
- BPM039189
- Issued by
- Montgomery County, Columbia CDP, Maryland
About this file
This document is a Bid Bond for a state and local contract opportunity issued by the State of Maryland. The contract is to replace four wall-mounted HVAC units/lead-lags at the Maryland Public TV facility in Clarksburg, Maryland. The successful contractor will be required to provide all labor, equipment, tools, materials, and supplies to remove the existing units and install new in-kind replacements. The work must include replacement of all necessary components, wires, and pipes to ensure four functioning HVAC systems throughout the two-sided building. The contract opportunity is located in Montgomery County and the Columbia Census Designated Place.
The Bid Bond outlines the terms and conditions for the bid process, including the requirement for the principal to execute further contractual documents and provide any required bonds within a specified time period after acceptance of the bid by the State. The Bid Bond also specifies the penalty provisions if the principal fails to execute the required documents or provide the necessary bonds. No other pricing terms, set asides, incumbent information, funding sources, or contract renewal options are provided in this document.
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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):
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
Bid Bond
File details come from the government source that posted it. Updated .