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BID BOND 1

Collection
Contracts & Procurement
Sub-shelf
dpp.vi.gov (Property and Procurement contracts)
Kind
Contract
Date
2024-02-06
Pages
2
Text
Native Text

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his 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., 67$1'$5')250 5(9 %$&. 685(7<% 1$0( $''5(66 6,*1$785( 6 1$0( 6  7,7/( 6 7\SHG 67$7(2),1& /,$%,/,7</,0,7  &RUSRUDWH 6HDO     685(7<& 1$0( $''5(66 6,*1$785( 6 1$0( 6  7,7/( 6 7\SHG 67$7(2),1& /,$%,/,7</,0,7  &RUSRUDWH 6HDO     685(7<' 1$0( $''5(66 6,*1$785( 6 1$0( 6  7,7/( 6 7\SHG 67$7(2),1& /,$%,/,7</,0,7  &RUSRUDWH 6HDO     685(7<( 1$0( $''5(66 6,*1$785( 6 1$0( 6  7,7/( 6 7\SHG 67$7(2),1& /,$%,/,7</,0,7  &RUSRUDWH 6HDO     685(7<* 1$0( $''5(66 6,*1$785( 6 1$0( 6  7,7/( 6 7\SHG 67$7(2),1& /,$%,/,7</,0,7  &RUSRUDWH 6HDO     685(7<) 1$0( $''5(66 6,*1$785( 6 1$0( 6  7,7/( 6 7\SHG 67$7(2),1& /,$%,/,7</,0,7  &RUSRUDWH 6HDO     (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."