IFB_26N_Bid_Bond_form.docx

This is a Bid Bond form for Invitation for Bid (IFB) 26N-0917 issued by Mohave Educational Services Cooperative, Inc., a statewide consortium in Arizona representing approximately 480 public agencies. The bid bond secures a contract for Synthetic and Natural Turf Sports Field Systems, with the bond amount set at $100,000. The solicitation seeks to provide economies of scale for Mohave's member agencies through competitively bid contracts for turf field materials and installation services. The contract term includes an initial one-year period with four potential one-year extensions available through contract modification. Specifications reference known acceptable manufacturers including ACT Global, AstroTurf, FieldTurf, Hellas, Polytan, Shaw Sports Turf, Sprinturf, and Tarkett Sports, though bidders may propose alternate solutions meeting the specified quality and performance characteristics, subject to Mohave's final approval.

The bid bond form establishes that the awarded vendor must enter into a contract in accordance with the bid terms and provide required performance and payment bonds with good and sufficient surety. Vendors must maintain a current Arizona Registrar of Contractors license, specifically an A General Engineering or B-1 General Commercial Contractor license, to utilize licensed subcontractors. The bid bond obligates the bidder to either enter into the contract or pay Mohave the difference not to exceed the penalty amount between the bid price and any higher amount Mohave incurs by contracting with another party. The prevailing party in any litigation related to the bond may recover reasonable attorney fees as determined by the court.