Bid Bond General Contractor.doc
DOC document 31 KB Posted
- Solicitation number
- PE-55462-NONST-2025-000000010
- Issued by
- Wilcox County, Georgia
About this file
This is a Bid Bond template document for General Contractors bidding on the Rossville Middle School Athletic Field and Concessions project for the Walker County Board of Education in Georgia. The document outlines the requirements for a bid bond that must be submitted as part of the proposal process, which requires both a surety company and the offeror (general contractor) to execute the bond. The bond must be submitted along with the contractor's proposal for construction management at risk services.
The bid bond amount is set at 5% of the base bid amount and serves as liquidated damages if the contractor fails to execute the contract within 10 calendar days of receiving the Notice of Award, which must be delivered within 60 days of the proposal opening. The document requires a current, certified, and valid Power of Attorney to be attached, and must be properly signed and sealed by both the offeror and surety company with complete contact information for both parties.
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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 ____________________________________ Project 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 .