Attachment 8: Solit PSP Vol II BidBond

Bid Bond

Date Bond Executed (Must Not Be Later
(See Instructions on Page 3) Than Bid Opening Date)
Principal (Legal Name And Business Address)

OMB Control Number: 9000-0001
Expiration Date: 1/31/2027

Type Of Organization ("X" One)
Partnership
Individual
Joint Venture
Corporation

Other (Specify)

State Of Incorporation
Surety(ies) (Name And Business Address)

Bid Identification
Penal Sum Of Bond
Percent Amount Not To Exceed
Invitation Number
Bid Date
Of Bid Million(s) Thousand(s) Hundred(s) Cents
Price
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) is 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.