Bid Bond Form.pdf

PDF 40 KB Posted

Attached to
TRANSITIONAL LIVING FACILITY HVAC REPLACEMENT
Solicitation number
ARFQ 0512 WSH2700000005 3
Issued by
Kanawha County, West Virginia

About this file

This is a Bid Bond Form for the State of West Virginia, Department of Administration, related to a Transitional Living Facility HVAC Replacement project. The form establishes a binding agreement between a Principal (bidder), a Surety (bonding company), and the State of West Virginia as the Obligee. The bid bond serves as a guarantee that the Principal will enter into a contract in accordance with their submitted bid proposal and will furnish any additional bonds and insurance required. The bond becomes null and void if the bid is rejected or if the bid is accepted and the Principal fulfills all obligations under the resulting contract.

The Surety's liability under this bond is limited to the penal sum stated on the form. The Surety must be licensed to transact surety insurance in West Virginia, must affix its corporate seal, and must attach a power of attorney document with its seal affixed. The bond is executed by authorized officers of both the Principal and Surety, with the Principal's signature required from the President, Vice President, or a Duly Authorized Agent. The Surety waives notice of any extension of time granted by the Obligee for bid acceptance, and the bond's obligations remain in effect regardless of such extensions.

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Text version

Agency

REQ.P.O#

BID BOND

KNOW ALL MEN BY THESE PRESENTS, That we, the undersigned, of , , as Principal, and of , , a corporation organized and existing under the laws of the State of with its principal office in the City of , as Surety, are held and firmly bound unto the State of West Virginia, as Obligee, in the penal sum of ($ ) for the payment of which, well and truly to be made, we jointly and severally bind ourselves, our heirs, administrators, executors, successors and assigns.

The Condition of the above obligation is such that whereas the Principal has submitted to the Purchasing Section of the

Department of Administration a certain bid or proposal, attached hereto and made a part hereof, to enter into a contract in writing for

NOW THEREFORE,

(a) If said bid shall be rejected, or

(b) If said bid shall be accepted and the Principal shall enter into a contract in accordance with the bid or proposal attached hereto and shall furnish any other bonds and insurance required by the bid or proposal, and shall in all other respects perform the agreement created by the acceptance of said bid, then this obligation shall be null and void, otherwise this obligation shall remain in full force and effect. It is expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated.

The Surety, for the value received, hereby stipulates and agrees that the obligations of said Surety and its bond shall be in no way impaired or affected by any extension of the time within which the Obligee may accept such bid, and said Surety does hereby waive notice of any such extension.

WITNESS, the following signatures and seals of Principal and Surety, executed and sealed by a proper officer of Principal and

Surety, or by Principal individually if Principal is an individual, this day of , 20 .

Principal Seal (Name of Principal)

By

(Must be President, Vice President, or Duly Authorized Agent)

(Title)

Surety Seal (Name of Surety)

Attorney-in-Fact

IMPORTANT – Surety executing bonds must be licensed in West Virginia to transact surety insurance, must affix its seal, and must attach a power of attorney with its seal affixed.

REQPO: WV OSA / DHF
undefined: ARFQ WSH27*5
of:
undefined_2:
as Principal and:
of_2:
undefined_3:
a corporation organized and existing under the laws of the State of:
undefined_4:
with its principal office in the City of:
of West Virginia as Obligee in the penal sum of:
as Surety are held and firmly bound unto the State:
well and truly to be made we jointly and severally bind ourselves our heirs administrators executors successors and assigns:
undefined_5:
Department of Administration a certain bid or proposal attached hereto and made a part hereof to enter into a contract in writing for 1:
Department of Administration a certain bid or proposal attached hereto and made a part hereof to enter into a contract in writing for 2:
Department of Administration a certain bid or proposal attached hereto and made a part hereof to enter into a contract in writing for 3:
Surety or by Principal individually if Principal is an individual this:
20:
undefined_6:
Name of Principal:
Title:
Name of Surety:

File details come from the government source that posted it. Updated .