DOCUMENT

FORM - Bid Bond Form

  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: FORM - Form
This document is a proposal bond, which is a type of surety bond. The bond is being issued by a surety company on behalf of a principal (the party submitting the proposal) to the County of Orange in the state of Florida. The bond is in the amount of a specified sum of money and is intended to ensure that the principal will fulfill their obligations as outlined in their proposal. The condition of the bond is such that if the principal withdraws their proposal before the opening date or fails to enter into a written contract with the county within fifteen days of the prescribed forms being presented, the bond will become void. However, if the principal does enter into a contract and provides the required performance and payment bonds, the obligations of the bond will be fulfilled. The document is executed by both the principal and the surety, with their names, signatures, and corporate seals affixed. The document also includes the business addresses and telephone numbers of both parties. Overall, the document outlines the terms and conditions of a proposal bond, which is intended to provide financial security to the county in the event that the principal fails to fulfill their obligations as outlined in their proposal.
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