DOCUMENT

MODL - Bid Bond

  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: MODL - Model, Templates
The document is a bid bond agreement between a principal and a surety, with Orange County, Florida as the obligee. The principal has submitted a bid for a contract and if they withdraw the bid or fail to enter into a contract within the specified time, they will be required to pay the county the difference between their bid amount and the amount for which the county may procure the required work. The principal is also required to provide a performance bond and a payment bond with good and sufficient surety for the faithful performance of the contract and prompt payment of all persons furnishing labor or materials. The document is executed by the parties involved, with their seals and signatures.
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