SAMPLE BID BOND FORM

This is not an addendum; merely a response to a Bidder’s request for a sample bid bond form. Attached on the following pages is a sample form which can be used to provide the 5% Bind Bond for the PRPC’s PANCOM Tower Construction project.

For ease of completion, the form has been protected but not password protected. If you choose to use this form and want to unprotect it; go to the Developer tab on the Word ribbon, click on Restrict Editing and then on the panel that appears on the right of the screen, click the button Stop Protection.

BID BOND

KNOW ALL MEN BY THESE PRESENTS, that we
Contractor
Address
City, State ZIP
as Principal, hereinafter called the Principal, and
Surety
a corporation duly organized under the laws of the state of
as Surety, hereinafter called the Surety, are held and firmly bound unto the Panhandle Regional Planning Commission, as Obligee, hereinafter called PRPC, in the sum of Five Per Cent (5%) of AmountBid
Dollars / ($ )
for the payment of which sum will and truly to be made, the said Principal and said Surety, bind ourselves, our heirs,executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

WHEREAS, the Principal has submitted a bid forthe PRPC’s Childress County PANCOM Radio Communications Tower Project.

NOW THEREFORE, the condition of this obligation is such that if the aforesaid Principal shall be awarded the contract, thesaid Principal will, within the time required, enter into a formal contract and give a good and sufficient bond to secure theperformance of the terms and conditions of the contract, then this obligation to be void; otherwise the Principal and Suretywill pay unto the PRPC the difference in money between the amount of the bid of the said Principal and the amount forwhich the PRPC legally contracts with another party to perform the work if the latter amount be in excess of the former, butin no event shall liability hereunder exceed the penal sum hereof.

Signed and sealed this day of July, 2017.

(Principal)(Seal)
By:
(Witness) / (Name)(Title)
(Surety)
By:
(Witness) / (Attorney-in-Fact)1

1 - Power-of-Attorney for person signing for the surety company must be attached to bond.

(Forms of Bid Bonds prepared to meet the requirements of Texas’ Local or State Laws may be substituted for this form where appropriate.)

CERTIFICATE AS TO CORPORATE PRINCIPAL

I,, certify that I am the (Title) of the Corporation named as a Principal in the within bond; that is the of said Corporation; that I know his signature, and his signature thereto is genuine; and that said bond was duly signed, sealed, and attested to for and in behalf of said Corporation by authority of this Corporation.

CorporateSeal

Title