Bid_Payment_Bond.docx

DOCX document 11 KB Posted

Attached to
Dorchester FMS Removal and Replacement of Roof System
Solicitation number
S122073-vCurrent
Issued by
Suffolk County, Massachusetts

About this file

This document outlines the bid deposit and payment bond requirements for a contract opportunity with the Massachusetts Military Division. Bidders must submit a 5% bid deposit with their bids, which can be in the form of a certified, treasurer's or cashier's check from a responsible bank or trust company, or a bid bond from a surety company. The contractor awarded the contract must furnish a payment bond of at least 50% of the contract price within 10 days of notification of the contract award.

The document does not provide details on the specific products or services being procured, project overviews, response dates, award dates, contract term, or renewal options. Pricing terms, set asides, incumbent information, funding requirements and sources, and other salient details are also not included in this document.

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Text version

Bidders must submit a 5% bid deposit with their bids. The bid deposit may be in the form of a certified, treasurer’s or cashier’s check from a responsible bank or trust company payable to the Massachusetts Military Division or a bid bond from a surety company.

The contractor that receives the award must furnish a payment bond of at least 50% of the contract price. The contractor will have 10 days from the date of notification of the contract award to obtain the payment bond.

File details come from the government source that posted it. Updated .