Bid Bond General Contractor.doc

DOC document 32 KB Posted

Attached to
Chattanooga Valley Elementary School Reroof Project
Solicitation number
PE-55462-NONST-2024-000000007
Issued by
Wilcox County, Georgia

About this file

The document provided is a Bid Bond for the Chattanooga Valley Elementary School Reroof project in Walker County, Georgia. The Walker County Board of Education is seeking sealed bids from General Contractors for the construction of the reroof project. A mandatory pre-bid meeting will be held on May 2, 2024 at 11:00 A.M., and bids are due by 2:00 P.M. on May 16, 2024. Bid documents can be examined at Southern A & E's office or obtained through their online plan service. No deposits are required, and no refunds will be made.

The bid bond is in the amount of 5% of the base bid, which serves as liquidated damages if the successful bidder does not execute a contract and furnish the required performance and payment bonds within 10 calendar days of receiving the Notice of Award. The bid bond is to be executed by the bidder and a surety company.

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Text version

BID BOND (GENERAL CONTRACTOR)

KNOW ALL PERSONS BY THESE PRESENTS, that we, ______________________________, [insert proper name of Surety] a corporation duly organized and existing under the laws of the State of __________________________, as surety (“Surety”), and ________________________________________________________________ [Insert proper name and address of Construction Manager/Offeror] as principal (“Offeror”), enter into, execute this bond (“Bid Bond”), and firmly bind ourselves, our heirs, administrators, executors and successors, jointly and severally, in favor of the Walker County Board of Education, as obligee (“Owner”), in the penal sum of: _____________________________ ($________), [penal sum is 5% of the base bid] as of the ____ day of _________________ 2____.

WHEREAS, the Offeror has submitted a proposal for construction management at risk services in connection with the Chattanooga Valley Elementary School Reroof in Walker County, Georgia; and

WHEREAS, the Owner has required the Offeror to furnish this Bid Bond containing the terms and conditions set forth herein as a condition to submission of the proposal;

NOW THEREFORE, the Surety and the Offeror, for themselves, their heirs, administrators, executors and successors, both jointly and severally, agree that if the Owner accepts the proposal of the Offeror and within sixty (60) days of the proposal opening delivers to the Offeror a Notice of Award, and the Offeror, within ten (10) calendar days after receipt of such Notice of Award, has not executed a contract with the Owner in accordance with the terms of such proposal and furnished such bonds as are specified in the proposal documents with good and sufficient surety for the faithful performance of such contract and for the prompt payment of labor and materials furnished in the prosecution thereof, then the Surety and the Offeror shall pay to the Owner the full penal sum hereof as liquidated damages and not as a penalty.

SIGNED AND SEALED this ____ day of __________________, 2____.

OFFEROR

SURETY

_____________________________[SEAL]

_____________________________[SEAL]

[Typed Name]

[Typed Name]

BY: _______________________________

BY: _______________________________

[Signature]

[Signature]

[Printed Name, Title and Address]

[Printed Name, Title and Address]

[A current, certified and valid Power of Attorney must be attached.] 01.2014

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