Proposal_Bond.docx
DOCX document 43 KB Posted
- Solicitation number
- 26-045-ITB
- Issued by
- Kenton County, Kentucky
About this file
This is a Proposal Bond document issued by the Kenton County Airport Board for the Runway 18L/36R Tunnel Rehabilitation & Safety Improvements project at Cincinnati/Northern Kentucky International Airport in Kentucky. The project involves airport facility improvements as detailed in the accompanying Plans and Specifications. A pre-proposal meeting and site visit is scheduled for Wednesday, August 19, 2026 at 1:00 pm at CVG Centre, 77 Comair Blvd., Erlanger, KY 41048. Written questions must be submitted by 11:59 pm on Monday, August 24, 2026, with answers posted no later than Friday, August 28, 2026 at 11:59 pm. Proposals are due by Thursday, September 3, 2026 at 2:00 pm. The successful bidder must enter into a written contract and provide Payment and Performance Bonds within 10 days of award notification.
The Proposal Bond requires submission by the bidder as Principal and a Kentucky-authorized Corporation Surety as security for the proposal. The bond amount is to be determined and will serve as liquidated damages if the awarded bidder fails to execute the required contract and furnish the necessary Payment and Performance Bonds within the specified timeframe. The bond must be signed by the Principal with proper authority documentation, particularly when the signatory is other than the President or Vice President of a corporation. The surety corporation must be authorized to write this type of bond through a resident agent located in the state where the bond is executed.
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Text version
KENTON COUNTY AIRPORT BOARD CINCINNATI/NORTHERN KY INTERNATIONAL AIRPORT
PROJECT NAME
PROPOSAL BOND
KNOW ALL MEN BY THESE PRESENTS: That we, the undersigned bidder _____________________________, as Principal, and ____________________________, as a Corporation Surety authorized under the laws of the Commonwealth of Kentucky, and authorized to write this type of bond through a resident agent of the corporation located in the State of ___________________, as surety, are held and firmly bound unto the Kenton County Airport Board in the sum of _______________________________________ Dollars ($_____________) for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves and our heirs, executors, administrators, successors, and assigns.
The condition of the above obligation is such that if the attached proposal of ___________________________________________ for the improvement of airport facilities stipulated in said proposal in accordance with the Plans and Specifications provided therefore, is accepted and the Contract awarded to the above named Bidder, and the said Bidder shall within 10 days after notice of said award enter into a Contract in writing and furnish the required Payment and Performance Bonds with surety, or sureties, to be approved by the Kenton County Airport Board this obligation shall be void. Otherwise, the same shall be in full force and virtue of law, and the full amount of this Proposal Bond will be paid to the Kenton County Airport Board as stipulated for liquidated damages.
Signed this ________ day of ______________________, 20____.
(PRINCIPAL MUST INDICATE WHETHER
CORPORATION, PARTNERSHIP, COMPANY,
OR INDIVIDUAL)
Principal (Seal)
THIS PERSON SIGNING SHALL IN HIS/HER
OWN HANDWRITING SIGN THE PRINCIPAL'S BY:
NAME AND TITLE. BY WHERE THE
PERSON SIGNING FOR A CORPORATION IS
OTHER THAN THE PRESIDENT OR VICE (Name and Title)
PRESIDENT, HE/SHE MUST, BY AFFIDAVIT AS
| CONTAINED HEREIN, SHOW AUTHORITY | ____ | |
| TO BIND THE CORPORATION. | Surety (Seal) |
(Name and Title)
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