Bid_Bond_Form (4).pdf
PDF 509 KB Posted
- Attached to
- I-7B Hodgeville at Blue Jay Rd - Construction
- Solicitation number
- PE-65100-NONST-2025-000000021
- Issued by
- Early County, Georgia
About this file
This is a Bid Bond form for contracts with the Effingham County Board of Commissioners located in Springfield, Georgia. The document is a legal guarantee requiring the Principal (contractor) and Surety to be bound to the Obligee (Effingham County) for either 5% of the bid amount or a specified dollar amount, whichever is less, to ensure the contractor will enter into the contract if awarded and provide required performance and payment bonds.
The bond guarantees that if the Principal fails to enter into the contract and provide required bonds after being awarded, they must pay the Obligee the difference (up to the bond amount) between their bid and the amount the Obligee ends up paying another contractor to perform the work. The form requires signatures from the Principal (contractor), Surety company representative, and witnesses, along with the project name/number and date of execution. This type of bond is a standard requirement for government contract bidding to protect the public entity from contractors who may withdraw their bids after submission.
View the file
Other files
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
BID BOND
KNOW ALL MEN BY THESE PRESENTS THAT WE ___________________ [Insert contractor’s name], as Principal, hereinafter called the Principal, and (Surety) ____________ a corporation duly organized under the laws of the State of ________________ as Surety, hereinafter called the Surety, and held and firmly bound unto
Effingham County Board of Commissioners
804 S. Laurel Street, Springfield, Georgia 31329 as Obligee, hereinafter called Obligee, in the sum of ___________________________Dollars
($___________), or percent ( 5 %) of the amount bid, whichever is less, for the payment of which sum well and truly to be made, the said Principal and the said 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:
Project Name and Number: __________________________________________________________________
NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid and give such bonds or bond as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect.
Signed and Sealed this _____ day of _______________, 20____.
(Principal)
By:
(Witness) (Title)
(Surety)
By:
(Witness) (Title)
File details come from the government source that posted it. Updated .