Bid_Bond_Form_.xls

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Attached to
Parking Deck Maintenance Project - FY 27
Solicitation number
2121-IFB
Issued by
York County, South Carolina

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Summary

This is a Bid Bond Form for the City of Rock Hill, South Carolina, applicable to the Parking Deck Maintenance Project—FY 27. The form serves as a bid guarantee, requiring qualified contractors to submit bonds concurrent with their competitive bids for maintenance and repair services on multiple City-owned parking decks. The work scope includes structural concrete repairs addressing spalls, delaminations, and topside cracks, application of waterproofing agents, and related improvements. The bond must be executed no later than the bid opening date and remain valid through contract award and execution.

The bid bond requires the principal and surety to guarantee that the successful bidder will execute a contract within ten (10) days of the notice of award and submit both a Performance Bond and a Payment Bond, each in the total amount of the contract. The penal sum of the bond may be expressed as a percentage of the bid price with an optional maximum dollar limitation. Corporate sureties must appear on the U.S. Treasury Department's list of approved sureties, be licensed to conduct business in South Carolina, and have a resident South Carolina agent. The form requires signatures from authorized representatives and corporate seals where applicable, with no deviations permitted without approval from the City Manager. Failure to fulfill bonding requirements within the specified timeframe constitutes grounds for annulment of the contract award.

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Other files

File Type Posted
Parking_Deck_Maintenance_Project_-_FY_27.pdf PDF
City_of_Rock_Hill_FY27_Deck_Repair_Plans.pdf PDF
City_of_Rock_Hill_Parking_Deck_Repairs_FY27_-_Technical_Specifications.pdf PDF
Non-Collusion_Affidavit.pdf PDF
SAMPLE_Agreement&GeneralConditions(Civil).pdf PDF

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Sheet1

BID BONDDATE BOND EXECUTED (Must be no later than bid opening date)
(See Instructions on reverse)
PRINCIPAL (Legal name and business address)TYPE OF ORGANIZATION ("X" one)
INDIVIDUALPARTNERSHIP
JOINT VENTURECORPORATION
SURETY (Name and business address)
PERCENT OF BID PRICEPENAL SUM OF BONDBID IDENTIFICATION
AMOUNT NOT TO EXCEEDBID DATECONTRACT NO.
MILLION(S) THOUSAND(S) HUNDRED(S) CENTSFOR (Construction Supplies or Services)
KNOW ALL MEN BY THESE PRESENTS, That we, the PRINCIPAL and SURETY above named are held and firmly
bound unto the City of Rock Hill, South Carolina, hereinafter called the City, in the penal sum of the amount stated
above, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators,
and successors, jointly and severally, firmly by these presents.
The condition of this obligation is such as to operate as a guarantee that the Principal will fully and promptly execute a contract
and cause to be executed bonds acceptable to the City, all as set forth in the proposal or bid, should the same be accepted,
and that no longer than ten (10) days from the date of the notice of award of contract, he will execute a contract on the
basis of the terms, conditions and unit prices set forth in his proposal or bid together with and accompanied by a Performance
Bond satisfactory to the City, in the total amount of said contract, and a Payment Bond in the total amount of the
contract, and that failure to perform or comply with any or all the foregoing requirements, within the times set forth above, shall
be just and adequate cause for the annulment of the award; and it is disposal of the City, not as a penalty, but as an agreed
liquidated damage. Should each and all of the foregoing conditions be fulfilled and Performance and Payment Bonds, as set
forth in the proposal, be executed, bonds being satisfactory to the City, this obligation shall be null and void; otherwise to remain
in full force and effect.
IN WITNESS WHEREOF, the above-bounden parties have executed this instrument under their several seals on the date
indicated above, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed
by its undersigned representative, pursuant to authority of its governing body.
In Presence of:INDIVIDUAL OR PARTNERSHIP PRINCIPAL
WITNESS (2)
1.(Seal)
2.(Seal)
ATTEST: ____________________________________________________CORPORATE PRINCIPAL
Corporate SecretaryAFFIX CORPORATE SEAL
WITNESS (2)
1.BY
2.TITLE
CORPORATE SURETY
AFFIX CORPORATE SEAL
WITNESS (2)
1.BY
2.TITLE
Address:
Countersigned By:_______________________________________________
Resident SC Agent
Rev. 08/02
INSTRUCTIONS
1.This form is authorized for use whenever a bid guaranty is required. There shall be no deviation from this form without
approval by the City Manager.
2.Insert the full legal name and business address of the Principal shall be inserted in the space designated "Principal" on
the face of the form. The bond shall be signed by an authorized person. Where such person signing in a
representative capacity (e.g., an attorney-in-fact), but is not a member of the firm, partnership, or joint venture,
or an officer of the corporate involved, evidence of his authority must be furnished.
3.The bond may express penal sum as a percentage of the bid price. In these cases, the bond may state a maximum
dollar limitation (e.g., 5% of the bid price, but the amount not to exceed $25,000 dollars).
4.Corporations executing the bond as sureties must be among those appearing on the U.S. Treasury Department's
list of approved sureties and must be acting within the limitations set forth therein.
5.Corporate sureties must be licensed to do business in South Carolina.
6.In its application to negotiated contracts, the terms "bid" and "bidder" shall include "proposal" and "offeror".

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