Bid_Bond_Form_(1).pdf
PDF 114 KB Posted
- Attached to
- Taxiway S (East) Reconstruction Project
- Solicitation number
- 2025-IFB-067
- Issued by
- San Bernardino County, California
About this file
This document is a Bid Bond form for the Ontario International Airport Authority (OIAA) related to the Taxiway S (East) Reconstruction Project in California. The bid bond serves as a financial guarantee that the principal bidder will enter into a contract if awarded, with a penalty of ten percent (10%) of the aggregate bid amount if they fail to do so within 30 days of contract award. The bond covers a project involving the reconstruction of approximately 51,000 square yards of Portland Cement Concrete (PCC) panels and 50,000 square yards of Asphalt Concrete (AC) shoulder pavement on Taxiway S, east of the Cucamonga Channel.
The project scope includes comprehensive pavement rehabilitation, involving demolition and replacement of existing panels, grading, crack and spall repair, joint sealing, paint marking, lighting repairs, and subgrade stabilization. Additionally, the project incorporates stormwater quality treatment improvements to meet California Storm Water Pollution Prevention Plan requirements. The solicitation is structured with a base bid and two alternate bids, indicating potential flexibility in project execution. The bid bond ensures the airport authority's protection against potential bidder default and demonstrates the financial responsibility of the potential contractor.
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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 authorized and licensed to transact business In the State of California, as Surety, do hereby acknowledge ourselves to be held and obligated as joint Obligors to the Ontario International Airport Authority, 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 this bond.
WHEREAS, said Principal is about to submit to the Chief Executive Officer of the OIAA 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 Chief Executive Officer.
NOW, THEREFORE, if the bid or proposal of the Principal is accepted and awarded to said Principal by the OIAA 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 Obllgors 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.
THIS AGREEMENT shall be binding on the Principal and Surety executing the same, their legal representatives, successors, and assigns.
EXECUTED this day of , 20_________
(CORP. SEAL)
PRINCIPAL
By____________________________ Signature/Title
By____________________________ Signature/Title
(CORP. SEAL)
Notary
SURETY
By _________________________________ Attorney-in-Fact
NOTE: ALL SIGNATURES MUST BE NOTARIZED AND CORPORATE SEALS AFFIXED TO
THIS BOND. ATTORNEY-IN-FACT MUST ATTACH A POWER OF ATTORNEY FROM THE
SURETY.
#200005
| KNOW ALL MEN BY THESE PRESENTS |
| (CORP. SEAL) |
| (CORP. SEAL) |
| NOTE: ALL SIGNATURES MUST BE NOTARIZED AND CORPORATE SEALS AFFIXED TO THIS BOND. ATTORNEY-IN-FACT MUST ATTACH A POWER OF ATTORNEY FROM THE SURETY. |
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