SF_24_Bid_Bond_4_Pages.pdf

This is Standard Form 24 (Bid Bond), revised 10/2023, which is a mandatory form used when a bid guarantee is required for federal contract opportunities. The form has an OMB Control Number 9000-0045 with an expiration date of 8/31/2025.

The form requires details about the Principal (bidder) including their legal name, business address, and organization type (individual, partnership, joint venture, corporation, or other). It includes sections for both individual and corporate sureties, with space for up to seven corporate sureties (A through G). The bond allows for expressing the penal sum as either a percentage of bid price or a specific dollar amount. Key requirements include that corporate sureties must be on the Department of Treasury's approved list, must act within stated limitations, and must affix corporate seals. For individual sureties, a completed Affidavit of Individual Surety (Standard Form 28) must accompany the bond. The form includes signature blocks for principals and sureties, and requires adhesive seals in certain jurisdictions like Maine and New Hampshire.