Bid Bond - Limited Liabiliy Company.pdf
PDF 99 KB Posted
- Attached to
- M-581-240-003 - Culvert Repair - Cumberland, MD
- Solicitation number
- BPM040572
- Issued by
- Allegany County, Cumberland City, Maryland
About this file
This document contains a Bid Bond for a state and local contract opportunity with the State of Maryland. The contract is for M-581-240-003 - Culvert Repair located in Cumberland, Maryland, which falls under the jurisdictions of Allegany County and the City of Cumberland. The successful contractor will be responsible for providing all labor, equipment, tools, materials, supplies, and means and methods required to remove and replace the failed supporting structure of the deteriorated culvert at the Cumberland Armory.
The Bid Bond binds the Principal and Surety to the State of Maryland for a specified sum, should the Principal's bid be accepted but the Principal fails to execute further contractual documents or provide required bonds. The Bid Bond is effective for 90 days after bid submission, and can be extended up to an additional 90 days. No other pricing, set-aside, incumbent, funding, or contract term details are provided in this document.
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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):
M-581-240-003- Culvert Repair
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 .