City_of_Annapolis_-_Bid_Bond_Form_-_10-29-24.doc
DOC document 31 KB Posted
- Solicitation number
- BPM056556
- Issued by
- Anne Arundel County, Maryland
About this file
This is a Bid Bond Form issued by the City of Annapolis, Maryland for use in its procurement processes. The bond is required to accompany sealed proposals and serves as a guarantee that bidders will execute a formal contract and provide payment and performance bonds if awarded. Proposals for Automatic Vehicle Location (AVL) and Automated Voice Annunciation (AVA) technology for the City of Annapolis Transit are due by 2:00 p.m. local time on Friday, May 29, 2026, and must be delivered or emailed to the Central Purchasing Office at 25 Shaw Street, Annapolis, Maryland 21401 or bids@annapolis.gov. The project scope includes providing hardware and compatible software systems for automated aural stop announcements in compliance with Americans with Disabilities Act (ADA) requirements. A virtual pre-proposal meeting is scheduled for Wednesday, April 29, 2026 at 1:30 p.m. local time via Google Meet. The City reserves the right to reject any or all proposals, waive informalities, award multiple contracts, and select the proposal deemed most beneficial to the City.
The Bid Bond requires a penal sum equal to five percent of the bid amount and must be submitted in duplicate with the proposal, accompanied by a valid Power of Attorney. The surety must be rated "B" or better by A.M. Best Company, and the contract bid amount must not exceed the underwriting limitation contained in the Department of Treasury Circular 570 as amended at the time of underwriting. The bond obligates the principal and surety to pay the entire penal sum as liquidated damages if the bidder fails to comply with specified requirements or, if awarded, fails to execute the formal contract and required bonds within the specified timeframe.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| RFP_26-35_-_Automatic_Vehicle_Location_System_-_4-17-26.pdf |
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
BID BOND
Principal Business Address of Principal
Obligee: CITY OF ANNAPOLIS, MARYLAND
Surety
A municipal corporation of the State of Maryland
An Entity of the State of and authorized to do business in Maryland
Five Percent of Bid Amount
5% of Bid
Penal Sum of Bond
Contract Name
________________________ 20 _________
Contract Number
Date Bond Executed
KNOW ALL MEN BY THESE PRESENTS, that we, the Principal, above named, and Surety, above named, and authorized to do business in the State of Maryland, are held and firmly bound unto the Obligee, above named, in the penal sum of the amount stated above, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION is such that if the aforesaid Principal is the apparent low bidder and complies with all specified matters required before award or if the aforesaid Principal is awarded the contract, the said Principal will, within the time required, execute and deliver to the Obligee a formal contract and good and sufficient payment and performance bonds in the form provided by the Obligee, then, this obligation to be void; otherwise the Principal and Surety will, upon demand, pay unto the Obligee the entire Penal Sum of this Bid Bond as liquidated damages.
THE SURETY FURTHER GUARANTEES that it is rated “B” or better by the A.M. Best Company, and the contract bid amount must be less than or equal to the underwriting limitation contained in the Department of Treasury Circular 570 as amended at the time of underwriting.
IN WITNESS WHEREOF, the above-bounded parties have executed this instrument under their several seals on the date indicated above, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body.
In Presence of:
Individual Principal
Witness: ____________________________________ as to: __________________________________ (SEAL)
Print Name: _________________________________
Print Name: ________________________________________
Attest:
Corporate Principal
(Name of Corporation)
Witness: _____________________________________
By: ___________________________________________ Affix
Print Name: __________________________________
Print Name: ___________________________________ Corporate
Title: _________________________________________ Seal
Attest:
Surety
(Name of Surety)
Business Address: ________________________________________________________________________________________________
Witness: _____________________________________
By: ___________________________________________ Affix
Print Name: __________________________________
Print Name: ___________________________________ Corporate
Title: _________________________________________ Seal
Reviewed for City of Annapolis Requirements
Office of Law D. Michael Lyles, City Attorney
**THIS BID BOND MUST BE SUBMITTED IN DUPLICATE WITH THE BID
AND MUST BE ACCOMPANIED BY A VALID POWER OF ATTORNEY.**
Rev. 01/21/2020
File details come from the government source that posted it. Updated .