BID_FORM_8J_Bid_Bond.pdf
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- Attached to
- County Road 205 Phase 2 Roadway Widening & Resurfacing From SR 100 to Private Dirt Road FPN 433614-2-54-01
- Solicitation number
- 26-ITB-005
- Issued by
- Glades County, Brownsville CDP, Florida
About this file
This is a Bid Bond form (Form 8J) required by the City of South Daytona, Florida for BID NO. 24-B-001 related to the South Daytona Piggotte Community Center Monument Sign project. The bid bond must be completed and submitted with the bidder's proposal. The Principal (bidder) and Surety enter into a binding agreement whereby they guarantee that if the bid is accepted, the Principal will execute a contract within ten (10) days of notification of acceptance and will provide a Contract Bond in an amount not less than the total contract price. The form requires specification of the bond amount in dollars and must be signed and sealed by both the Principal and Surety with attestation.
The bid bond serves as a guarantee of the bidder's good faith and commitment to enter into the contract if selected. Should the Principal fail to comply with the required conditions within the specified timeframe, the Surety agrees to pay the City the bond amount upon demand as liquidated damages, not as a penalty. The form includes blank spaces for completion of the Principal's name, Surety's name, bond amount, and execution date, and requires signatures from authorized representatives of both parties along with official seals.
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Text version
THIS FORMMUST BE COMPLETED AND RETURNEDWITH YOUR BID.
BID FORM 8J:
Bid Bond
KNOWALL MEN BY THESE PRESENTS, that we __________________________________________________________
(hereinafter called the Principal) and ________________________________________________________________________
(hereinafter called the Surety) are held and firmly bound unto the City of South Daytona, Florida
(hereinafter called the Owner) in the sum of _______________________________________________________ Dollars
($________________) lawful money of the United States of America, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents:
WHEREAS, the Principal contemplates submitting or has submitted a bid to the City of South Daytona, Florida, for
South Daytona Piggotte Community Center Monument Sign
BID NO. 24-B-001
WHEREAS, the Principal desires to file this bond in accordance with the law, in lieu of a certified or cashier’s check otherwise required to accompany this Bid.
NOW, THEREFORE: the conditions of this obligation are such that if the Bid be accepted the Principal shall within ten (10) days after the receipt of notification of the acceptance thereof execute a contract in accordance with the Bid and upon the terms, conditions and unit or lump sum prices set forth therein, in the form and manner required by the City, and execute a sufficient and satisfactory Contract Bond payable to the City, in an amount not less than the total contract price, as indicated by the approximate quantities shown in the Bid, in form and with security satisfactory to the said City, then this obligation be void; otherwise to be and remain in full force and virtue in law; and the Surety shall upon the failure of the Principal to comply with any or all of the foregoing requirements within the time specified above, immediately pay to the aforesaid City upon demand the amount hereof in good and lawful money of the United States of America, not as a penalty, but as liquidated damages.
IN TESTIMONY WHEREOF, the Principal and Surety have caused these presents to be duly signed and sealed this ________ day of ____________________________, 20_______.
(Principal)
By: _________________________________________
ATTEST: _________________________________________
(Surety)
_________________________ By: _________________________________________ Seal
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