Bid Bond - Limited Liabiliy Company.docx
DOCX document 22 KB Posted
- Solicitation number
- BPM038361
- Issued by
- Anne Arundel County, Annapolis City, Maryland
About this file
This document is a Bid Bond for the B-450-210-001 Gold Star Family Memorial Infrastructure Improvement project in Annapolis, Maryland, which is a state and local contract opportunity involving the State of Maryland, Anne Arundel County, and the City of Annapolis. The Bid Bond binds the Principal and the Surety to the State of Maryland for a specified sum, contingent upon the Principal executing further contractual documents and providing required bonds if their bid is accepted. The bid submission deadline and contract award timeline are not specified in this document.
The Bid Bond outlines the terms and conditions under which the Principal and Surety are liable, including provisions for extensions to the bid acceptance period. The document also includes signature blocks for individual, partnership, and corporate Principals, as well as the Surety, and must be approved as to form and legal sufficiency by the Assistant Attorney General.
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Text version
Bid Bond Bond No. __________________ We, _______________________________ as Principal, hereinafter called the Principal, and ____________________________, a corporation duly organized under the laws of the State of __________________, as Surety, hereinafter called the Surety, are held and firmly bound unto the State of Maryland, hereinafter called "State", for the sum of _______________________________________ for the payment of which sum, the Principal and the Surety bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a bid for B-450-210-001 Gold Star Family Memorial:
NOW, THEREFORE, if the Principal, upon acceptance by the State of its bid identified above, within the period specified therein for acceptance (ninety (90) days, if no period is specified), shall execute such further contractual documents, if any, and give such bond(s) as may be required by the terms of the bid as accepted within the time specified (ten (10) days if no period is specified) after receipt of the forms, or in the event of failure so to execute such further contractual documents and give such bonds, if the Principal shall pay the State the difference not to exceed the penalty hereof between the amount specified in Principal's bid and such larger amount for which the State may in good faith contract with another party to perform the work covered by said bid, then the above obligation shall be void and of no effect.
The Surety executing this instrument hereby agrees that its obligation shall not be impaired by any extension(s) of the time for acceptance of the bid that the Principal may grant to the State, notice of which extension(s) to the Surety being hereby waived; provided that such waiver of notice shall apply only with respect to extensions aggregating not more than ninety (90) calendar days in addition to the period originally allowed for acceptance of the bid.
Individual Principal (Managing Member of LLC)
In Presence of:
Witness
(Name) as to
(SEAL)
Partnership Principal
In Presence of:
Witness
(Name) as to
(SEAL)
Partner as to
(SEAL)
Partner as to
(SEAL)
Partner
Corporate Principal
Attest:
(Name of Corporation) AFFIX SEAL
By:
Secretary
President
Attest:
(Surety)
By:
Attorney-in-fact AFFIX
SEAL
Bonding Agent’s Name
Agent’s Address:
Approved as to form and legal sufficiency this ____ day of _____ 20___
Assistant Attorney General
Bid Bond Page-1 effective date: May 1, 2018
File details come from the government source that posted it. Updated .