SECTION_00_43_13_Bid_Bond_Form.pdf
PDF 80 KB Posted
- Attached to
- Airsides 1 & 3 Pond Dredging (BP-00516)
- Solicitation number
- 26-995-IFB
- Issued by
- Orange County, Orlando City, Florida
About this file
This is a Bid Security Form for the Greater Orlando Aviation Authority (GOAA) related to the Airsides 1 & 3 Pond Dredging project (BP-00516) at Orlando International Airport. The form establishes the bid bond requirements and conditions that bidders must satisfy upon submission. The project involves stormwater pond dredging and embankment restoration, with bids due October 23, 2026 at 2:00 p.m. A mandatory site visit is scheduled for September 24, 2026 at 9:00 a.m., and questions must be submitted by October 12, 2026 at 5:00 p.m. Committee review is tentatively scheduled for November 17, 2026, with Aviation Authority Board approval anticipated for December 16, 2026. The contract duration is 210 calendar days to substantial completion from Notice to Proceed, followed by an additional 60 calendar days for final completion. The base bid scope includes sediment removal of approximately 41,500 cubic yards from four ponds, with additive alternate 1 covering approximately 26,000 cubic yards from three additional ponds.
The bid bond form requires the principal and surety to jointly bind themselves in a penal sum securing the bid submission. The bond becomes void if the principal executes the contract within ten business days of receiving the Notice of Intent to Award, furnishes required Performance and Payment Bonds, provides proof of satisfactory insurance coverage, and fulfills all other bid obligations. Liquidated damages are assessed at $5,600 per calendar day for delays beyond substantial completion and $2,800 per calendar day beyond final completion. A combined Local Developing Business (LDB) and Veteran Business Enterprise (VBE) participation goal of 2 percent applies to both the base bid and additive alternate 1. Bidders must provide proof of bondability and maintain comprehensive insurance including professional liability ($1 million), commercial general liability ($5 million), automobile liability ($5 million), and pollution liability ($1 million). Award is contingent upon receipt of grant funding from the Airport Improvement Program or Passenger Facility Charge Program.
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Text version
SECTION 00 43 13 - BID SECURITY FORM
KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned _________________________________________________________________, as Principal, and _________________________________________________________________, as Surety, are held and firmly bound unto the Greater Orlando Aviation Authority (herein "Owner"), in the penal sum of________________________________________________________ DOLLARS ($________________________________) 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 Bid, attached hereto and made a part hereof, to enter into a contract in the form contained in the Bid Documents. for Airsides 1 & 3 Pond Dredging (BP-00516), Orlando International Airport.
NOW, THEREFORE, if said Bid shall be rejected; or if the Guarantee Period, as defined in the Instructions to Bidders, expires from the time and date fixed for opening of Bids 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) business 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 Bid Documents, properly completed in accordance with the Instructions to Bidders; 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 Bid 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 «Program» participation identified in the Instructions to Bidders; and shall in all other respects perform its obligations pursuant to the terms of the Bid;
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
END OF SECTION 00 43 13
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.
SECTION 00 43 13 - BID SECURITY FORM
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