Bid Bond - Limited Liabiliy Company (submit with bid).pdf
PDF 129 KB Posted
- Solicitation number
- BPM043040
- Issued by
- Worcester County, Maryland
About this file
This document is a Bid Bond issued for a state and local contract opportunity involving the State of Maryland to renovate the day-use bathhouse at Assateague State Park in Worcester County, Maryland. The Bid Bond secures the principal's obligation to execute a contract and provide required bonds if their bid for the P-054-190-010 project is accepted. The Bid Bond has a penal sum of an unspecified amount and will be valid for 90 days after the bid submission. If the principal is awarded the contract but fails to execute the required documents, the Surety agrees to pay the difference between the principal's bid amount and the amount the State contracts with another party.
The Bid Bond does not provide any additional details about the contract opportunity itself, such as the scope of work, quantities, response dates, or term of the contract. It also does not mention any pricing terms, set-asides, incumbent contractors, funding sources or amounts, or other salient commercial information.
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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):
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
P-054-190-010 Renovate Day-Use Bathhouse at Assateague State Park
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
Bid Bond
File details come from the government source that posted it. Updated .