PH-582-232-002 - Bid Bond - Corporation.pdf
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- Attached to
- PH-582-232-002 - HVAC Replacement/Upgrades at Maryland State Police Barrack “H”, La Plata
- Solicitation number
- BPM040481
- Issued by
- Charles County, La Plata Town, Maryland
About this file
This document is a Bid Bond for the state contract opportunity PH-582-232-002 - HVAC Replacement/Upgrades at Maryland State Police Barrack "H" in La Plata. The Principal (the contractor submitting the bid) and the Surety (the bonding company) are required to provide this Bid Bond to the State of Maryland, the contracting agency, in order to guarantee that if the Principal's bid is accepted, they will execute the necessary contractual documents and provide any required performance bonds within the specified timeframe. The project involves HVAC replacement and upgrades at the Maryland State Police Barrack located in La Plata, Charles County, Maryland. The Bid Bond is effective as of May 1, 2018 and remains valid for 90 days after bid submission.
The Bid Bond requires the Principal to pay the difference, up to the penal sum of the bond, if the State has to contract with another party to perform the work covered by the Principal's bid. The Surety agrees that its obligation will not be impaired by any extensions of the bid acceptance period granted by the State to the Principal, up to 90 additional calendar days. The Bid Bond must be properly executed by the Principal and the Surety in order for the bid to be considered responsive.
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Text version
Bid Bond Page-1 effective date: May 1, 2018
Bid Bond
Bond No. __________________
We, _______________________________ as Principal, hereinafter called the Principal, and ____________________________, a corporation duly organized under the laws of the State of __________________, as Surety, hereinafter called the Surety, are held and firmly bound unto the State of Maryland, hereinafter called "State", for the sum of _______________________________________ for the payment of which sum, the Principal and the Surety bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a bid for (Identify project by number and brief description):
PH-582-232-002 - HVAC Replacement/Upgrades at Maryland State Police Barrack “H” La Plata
NOW, THEREFORE, if the Principal, upon acceptance by the State of its bid identified above, within the period specified therein for acceptance (ninety (90) days, if no period is specified), shall execute such further contractual documents, if any, and give such bond(s) as may be required by the terms of the bid as accepted within the time specified (ten (10) days if no period is specified) after receipt of the forms, or in the event of failure so to execute such further contractual documents and give such bonds, if the Principal shall pay the State the difference not to exceed the penalty hereof between the amount specified in Principal's bid and such larger amount for which the State may in good faith contract with another party to perform the work covered by said bid, then the above obligation shall be void and of no effect.
The Surety executing this instrument hereby agrees that its obligation shall not be impaired by any extension(s) of the time for acceptance of the bid that the Principal may grant to the State, notice of which extension(s) to the Surety being hereby waived; provided that such waiver of notice shall apply only with respect to extensions aggregating not more than ninety (90) calendar days in addition to the period originally allowed for acceptance of the bid.
Individual Principal
In Presence of:
Witness
(Name) as to (SEAL)
Partnership Principal
In Presence of:
Witness
(Name) as to (SEAL) Partner as to (SEAL) Partner as to (SEAL) Partner
Bid Bond Page-2 effective date: May 1, 2018
Corporate Principal
Attest: (Name of Corporation) AFFIX
SEAL
By:
Secretary President
Attest: (Surety)
By:
Attorney-in-fact AFFIX
SEAL
Bonding Agent’s Name
Agent’s Address:
Approved as to form and legal sufficiency this ____ day of _____ 20___
Assistant Attorney General
Bid Bond
File details come from the government source that posted it. Updated .