Bid Bond - Limited Liabiliy Company.pdf
PDF 186 KB Posted
- Solicitation number
- BPM042156
- Issued by
- Baltimore County, Chesapeake Landing CDP, Maryland
About this file
This document is a Bid Bond provided to the State of Maryland for the contract opportunity SG-695-241-003 - Sidewalk & Patio Replacement, Dix Building. The successful contractor shall provide all labor, equipment, tools, materials and supplies required for the replacement of sidewalks and patio at the Dix Building located at 55 Wade Avenue, Catonsville, MD 21228. The project is located in Baltimore County and Chesapeake Landing CDP. The bid bond binds the principal and surety to the State of Maryland, and outlines the conditions under which the bond can be voided, such as the principal executing further contractual documents and providing required bonds within the specified timeframe upon acceptance of their bid.
The bid bond does not provide details on pricing terms, set asides, incumbents, funding requirements or sources. This document focuses solely on the bid bond requirements and obligations of the principal and surety to the State of Maryland for the referenced contract opportunity.
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Text version
Bid Bond Page-1 effective date: May 1, 2018
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 (Identify project by number and brief description):
SG-695-241-003 – Sidewalk & Patio Replacement, Dix Building
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
Bid Bond Page-2 effective date: May 1, 2018
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
File details come from the government source that posted it. Updated .