Bid Bond General Contractor.doc

DOC document 32 KB Posted

Attached to
Chattanooga Valley Elem School Reroof Project 2nd Bid
Solicitation number
PE-55462-NONST-2024-000000008
Issued by
Georgia

About this file

This document is a Bid Bond for a construction management at risk services contract related to the Chattanooga Valley Elementary School Reroof project in Walker County, Georgia. The Walker County Board of Education is requiring a bid bond from the offeror in the amount of 5% of the base bid as a condition of submitting a proposal for the construction management services. The offeror must execute a contract with the Owner within 10 calendar days of receiving the Notice of Award, and provide performance and payment bonds, in order to be awarded the contract. If the offeror fails to execute the contract and provide the required bonds, the bid bond amount will be paid to the Owner as liquidated damages.

The bid bond outlines the terms and conditions that bind the offeror and the surety company to pay the liquidated damages to the Owner if the offeror is awarded the contract but fails to execute the contract and provide the required bonds. The bid bond must be signed and sealed by the offeror and the surety, and a current, certified power of attorney for the surety must be attached.

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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 .