__ExhibitA-SpecialT&Cs-SuretyBonds.pdf
PDF 96 KB Posted
- Attached to
- Safety Service Patrol-York County
- Solicitation number
- 6100065384
- Issued by
- York County, Pennsylvania
About this file
This document is Exhibit A: Special Terms and Conditions for Insurance and Surety Bond Requirements for a Safety Service Patrol contract in York County, Pennsylvania. The contract requires the removal of disabled or accident vehicles and small non-hazardous debris from roadways to reduce traffic delays and congestion. The contractor must maintain contract performance security and payment bonds as specified in the Invitation for Bid terms and conditions document.
The contractor is required to furnish a payment bond equal to 15% of the bid price, executed by a corporate surety legally authorized to transact business in Pennsylvania and satisfactory to the Department. The bond must guarantee completion of work in a manner satisfactory to the Department and specify that the Commonwealth is not liable for expenses or damages resulting from contractor failure or subcontractor performance issues. Acceptable alternative forms of payment guarantee include a certified check, cashier's check, or irrevocable letter of credit in an amount equal to 15% of the total cost. All surety bond costs are considered incidental to the project with no additional payment provided. If the contract includes a renewal option, the vendor must resubmit surety bonds for the renewal period at no additional cost. The contractor must also purchase and maintain a bid bond as required in the IFB terms and conditions.
View the file
Other files
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
Exhibit A Special Terms and Conditions
INSURANCE/SURETY BOND REQUIREMENTS:
A. Surety Bonds (Performance and Payment Bonds)
The Contractor shall purchase and maintain the Contract Performance Security requirements as called in the Invitation for Bid (IFB) Terms and Conditions of the contract document. The Contractor shall purchase and maintain a payment bonds for the following requirements:
- When awarded the project, furnish a payment bond, with sufficient surety or sureties, in an amount equal to 15% of the bid price. The bond must specify that the contracted work will be completed in a manner satisfactory to the Department. The bond must state that the Commonwealth is not liable for any expenses incurred through the failure to complete the work as specified, nor liable for any damages growing through the failure of the Contractor, the Contractor’s employees, or subcontractors. A corporate surety legally authorized to transact business in the State and satisfactory to the Department must execute both bonds. If the Department decides the bond surety is unsatisfactory, promptly furnish any additional required security to protect the Commonwealth’s interest and the interests of all persons, firms, or corporations who/which have furnished material, provided equipment on rental or supplied/performed labor or services on, or in connection with, the performance of the work for this project.
- Another acceptable form of payment guarantee will be a certified check, cashier’s check, or an irrevocable letter of credit in an amount equal to 15% of the total cost. The cost of the surety bonds listed in this section will be incidental to the project and no additional payment will be made. If there is a renewal option on this project, the Vendor will be required to re-submit the Surety Bonds for the renewal period and no additional payment will be made as stated in the above paragraph.
B. Bid Bond The Contractor shall purchase and maintain the insurance/surety bond requirements as called for in the Invitation for Bid (IFB) Terms and Conditions of the contract document.
File details come from the government source that posted it. Updated .