DelDOT Bid Bond Form

Description

Print Form BID BOND TO ACCOMPANY PROPOSAL (Not necessary if security is used) KNOW ALL MEN BY THESE PRESENTS That: of in the County of and State of and as Principal, of in the County of and State of as Surety, legally authorized to do business in the State of Delaware ("State"), are held and firmly unto the State in the sum of Dollars ($ ), or 10 percent not to exceed Dollars ($ No. ) of amount of bid on Contract , to be paid to the State for the use and benefit of its Department of Transportation ("DelDOT") for which payment well and truly to be made, we do bind ourselves, our and each of our heirs, executors, administrators, and successors, jointly and severally for and in the whole firmly by these presents. NOW THE CONDITION OF THIS OBLIGATION IS SUCH That if the above bounden Principal who has submitted to the DelDOT a certain proposal to enter into this contract for the furnishing of certain materiel and/or services within the State, shall be awarded this Contract, and if said Principal shall well and truly enter into and execute this Contract as may be required by the terms of this Contract and approved by the DelDOT, this Contract to be entered into within twenty days after the date of official notice of the award thereof in accordance with the terms of said proposal, then this obligation shall be void or else to be and remain in full force and virtue. Sealed with seal and dated this thousand and ( 20 10 day of in the year of our Lord two ). SEALED, AND DELIVERED IN THE presence of Name of Bidder (Organization) Corporate Seal By: Authorized Signature Attest Title Name of Surety Witness: By: Title