Exhibit_D_Response_Guaranty_Form.pdf

PDF 54 KB Posted

Attached to
Parking Guidance System
Solicitation number
24-325-RFP
Issued by
Orange County, Florida

About this file

This document is a Response Guaranty Form for the Greater Orlando Aviation Authority's Parking Guidance System Design-Build project at Orlando International Airport. The form serves as a bid bond that guarantees the proposer will fulfill contractual obligations if awarded the project, with key requirements including executing the contract within 10 days of notice of intent to award, providing performance and payment bonds, submitting required insurance coverage, and completing all necessary documentation related to MWBE/LDB/VBE Business Enterprise participation. The proposal is for a Parking Guidance System project, with sealed proposals due by 10:00 a.m. on September 30, 2024, and a pre-proposal conference scheduled for August 28, 2024, at the GOAA Maintenance Facility Classroom.

The document indicates that technical proposals will be evaluated by staff, with price proposals remaining sealed until a public opening during the Procurement Committee meeting planned for November 5, 2024. The project requires a comprehensive examination of the Design Criteria Package Documents, with potential proposal rejection for non-compliance. The guaranty form provides financial protection for the Aviation Authority, with the surety agreeing to cover potential damages if the proposer fails to meet contractual obligations, up to a specified penal sum that will be determined and entered on the form.

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KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned ______________________ __________________________________________, as Principal, and __________________________ _______________________________________, as Surety, are held and firmly bound unto the Greater Orlando Aviation Authority (herein "Owner"), in the penal sum of _______________________________ _______________________________________ DOLLARS ($________________________________) for the payment of which, well and truly to be made we hereby jointly and severally bind ourselves, our successors and assigns.

SIGNED THIS _______ DAY OF ______________________, _________.

The condition of the above obligation is such that whereas the Principal has submitted to the Owner a certain Proposal, attached hereto and made a part hereof, to enter into a contract in writing for Proposal Package PARKING GUIDANCE SYSTEM (D/B) at the Orlando International Airport.

NOW, THEREFORE, if said Proposal shall be rejected; or if the Guarantee Period, as defined in the Instructions to Proposers, expires from the time and date fixed for opening of Proposals before Notice of Intent to Award the Contract is given to Principal; or if Notice of Intent to Award the Contract is given to the Principal and the Principal shall, within ten (10) days of the date of the Notice of Intent to Award the Contract; execute and deliver a contract in the form of Contract Agreement contained in the Contract Documents, properly completed in accordance with the Instructions to Proposers; and shall furnish a Performance Bond for its faithful performance of the Contract, and a Payment Bond for the payment of all persons performing labor or furnishing materials or supplies in connection therewith, in the forms contained in the Contract Documents; and shall provide satisfactory evidence of all required insurance coverage; and shall provide evidence satisfactory to the Owner of the authority of the person or persons executing the Contract and all other documents on its behalf; and shall provide the statements, certifications and data relating to MWBE/LDB/VBE Business Enterprise identified in the Instructions to Proposers; and shall in all other respects perform its obligations pursuant to the terms of the Proposal;

then this obligation shall be void, otherwise the same shall be forfeited to the Owner, not as a penalty, but in liquidation of and compensation for damages; it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the Penal Sum of this obligation as herein stated.

The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its Bond shall be in no way impaired or affected by any extension of the time within which the Owner may provide Notice of Intent to Award the Contract or within which the Principal or the Owner may execute, deliver, furnish, provide or perform its obligations and the Surety does hereby waive notice of any such extensions, provided, however, the Guarantee Period may be extended when the written consent of the Surety is obtained.

IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals and such of them as are corporations have caused their corporate seals to be hereto affixed and these presents to be signed by their proper officers, on the day and year first set forth above.

Signed, sealed and delivered in the presence of: Principal

By:

Name and Title

(SEAL)

Surety

By:

(SEAL) Agency

Address

(Countersignature by a Florida Licensed Agent)

Agency

Address

NOTE: If Principal or Surety are corporations, the respective corporate seals should be affixed.

Additionally, a certified copy of a Power-of-Attorney appointing the individual Attorney-in-Fact for the Surety, as well as the Power-of-Attorney appointing the Florida licensed agent, should be attached.

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