SF-24 Bid Bond.pdf

BID BOND

(See instructions on reverse)

DATE BOND EXECUTED

(Must not be later than bid opening date) OMB NO. : 9000-0045

Public reporting burden for this collection of information is estimated to average 25 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to the FAR Secretariat (MVR), Federal Acquisition Policy Division, GSA, Washington, DC 20405.

PRINCIPAL (Legal name and business address) TYPE OF ORGANIZATION ("X" one)

INDIVIDUAL

JOINT VENTURE

PARTNERSHIP

CORPORATION

STATE OF INCORPORATION

SURETY(IES) (Name and business address)

PENAL SUM OF BOND

MILLION(S) THOUSAND(S) HUNDRED(S) CENT(S)

BID DATE INVITATION NO.PERCENT

OF BID

PRICE

AMOUNT NOT TO EXCEED

BID IDENTIFICATION

FOR (Construction, Supplies, or Services)

OBLIGATION:

We, the Principal and Surety(ies) are firmly bound to the United States of America (hereinafter called the Government) in the above penal sum. For payment of the penal sum, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally. However, where the Sureties are corporations acting as co-sureties, we, the Sureties, bind ourselves in such sum "jointly and severally" as well as "severally" only for the purpose of allowing a joint action or actions against any or all of us. For all other purposes, each Surety binds itself, jointly and severally with the Principal, for the payment of the sum shown opposite the name of the Surety. If no limit of liability is indicated, the limit of liability is the full amount of the penal sum.

CONDITIONS:

The Principal has submitted the bid identified above.

THEREFORE:

The above obligation is void if the Principal - (a) upon acceptance by the Government of the bid identified above, within the period specified therein for acceptance (sixty (60) days if no period is specified), executes the further contractual documents and gives the bond(s) 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 by the principal; or (b) in the event of failure to execute such further contractual documents and give such bonds, pays the Government for any cost of procuring the work which exceeds the amount of the bid.

Each Surety executing this instrument agrees that its obligation is not impaired by any extension(s) of the time for acceptance of the bid that the Principal may grant to the Government. Notice to the surety(ies) of extension(s) are waived. However, waiver of the notice applies only to extensions aggregating not more than sixty (60) calendar days in addition to the period originally allowed for acceptance of the bid.

WITNESS:

The Principal and Surety(ies) executed this bid bond and affixed their seals on the above date.

PRINCIPAL

Corporate Seal

(Seal) (Seal) (Seal)

SIGNATURE(S)

1.

NAME(S) &

TITLE(S)

(Typed)

1.

2.

2.

3.

3.

INDIVIDUAL SURETY(IES)

2.

2.

(Seal) (Seal)

SIGNATURE(S)

1.

NAME(S)

(Typed)

1.

CORPORATE SURETY(IES)

Corporate Seal

SU

R

ET

Y

A

STATE OF INC. LIABILITY LIMIT ($)

1.

1.

2.

2.

AUTHORIZED FOR LOCAL REPRODUCTION STANDARD FORM 24 (REV. 10-98)

Previous edition is usable Prescribed by GSA - FAR (48 CFR) 53.228(a) This form was electronically produced by USDA/ARS/OCIO/ADB.

NAME &

ADDRESS

SIGNATURE(S )

NAME(S) &

TITLE(S)

(Typed)

Corporate Seal

Corporate Seal

Corporate Seal

Corporate Seal

Corporate Seal

Corporate Seal

NAME &

ADDRESS

SU

R

ET

Y

B

STATE OF INC. LIABILITY LIMIT ($)

SIGNATURE(S )

NAME(S) &

TITLE(S)

(Typed)

1.

1.

2.

2.

SU

R

ET

C

1.

2.

2.

SU

R

ET

D

1.

2.

2.

SU

R

ET

Y

E

STATE OF INC. LIABILITY LIMIT ($)

1.

1.

2.

2.

SU

R

ET

Y

F

STATE OF INC. LIABILITY LIMIT ($)

1.

1.

2.

2.

SU

R

ET

G

1.

2.

2.

INSTRUCTIONS

1. This form is authorized for use when a bid guaranty is required. Any deviation from this form will require the written approval of the Administrator of General Services.

2. Insert the full legal name and business address of the Principal in the space designated "Principal" on the face of the form. An authorized person shall sign the bond. Any person signing in a representative capacity (e.g., an attorney-in-fact) must furnish evidence of authority if that representative is not a member of the firm, partnership, or joint venture, or an officer of the corporation involved.

3. The bond may express penal sum as a percentage of the bid price. In these cases, the bond may state a maximum dollar limitation (e.g., 20% of the bid price but the amount not to exceed dollars).

4. (a) Corporations executing the bond as sureties must appear on the Department of the Treasury's list of approved sureties and must act within the limitation listed therein. Where more than one corporate surety is involved, their names and addresses shall appear in the spaces (Surety A, Surety B, etc.) headed "CORPORATE SURETY(IES)." In the space designed "SURETY(IES)" on the face of the form, insert only the letter identification of the sureties.

(b) Where individual sureties are involved, a completed Affidavit of Individual surety (Standard Form 28), for each individual surety, shall accompany the bond. The Government may require the surety to furnish additional substantiating information concerning its financial capability.

5. Corporations executing the bond shall affix their corporate seals. Individuals shall execute the bond opposite the word "Corporate Seal"; and shall affix an adhesive seal if executed in Maine, New Hampshire, or any other jurisdiction requiring adhesive seals.

6. Type the name and title of each person signing this bond in the space provided.

7. In its application to negotiated contracts, the terms "bid" and "bidder" shall include "proposal" and "offeror."

STANDARD FORM 24 (REV. 10-98) BACK

NAME &

ADDRESS

SIGNATURE(S )

NAME(S) &

TITLE(S)

(Typed)

NAME &

ADDRESS

SIGNATURE(S )

NAME(S) &

TITLE(S)

(Typed)

NAME &

ADDRESS

SIGNATURE(S )

NAME(S) &

TITLE(S)

(Typed)

NAME &

ADDRESS

SIGNATURE(S )

NAME(S) &

TITLE(S)

(Typed)

NAME &

ADDRESS

SIGNATURE(S )

NAME(S) &

TITLE(S)

(Typed)