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Annex 1.2 Bid Bond Statement MM Partner Energiakereskedelmi Art. 1031 Budapest Szentendrei t 207209. Hungary Budapest, Bid Bond We hereby acknowledge that (hereinafter: Bidder) wishes to submit a

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How to fill out bid bond statement

How to fill out bid bond statement:

01

Start by entering the name of the issuer of the bid bond statement. This is typically the contractor or the construction company submitting the bid.

02

Next, fill in the name of the recipient or the obligee of the bond. This is usually the project owner or the government agency overseeing the project.

03

Provide the project details, such as the name of the project, its location, and the anticipated start and completion dates.

04

Specify the bid amount for which the bond is being issued. This should match the bid amount stated in the bid proposal.

05

Include any necessary documentation, such as a copy of the bid proposal or specifications, as required by the obligee.

06

Sign and date the bid bond statement to validate its authenticity.

07

Make sure to submit the bid bond statement along with the bid proposal according to the instructions provided by the obligee.

Who needs bid bond statement:

01

Contractors bidding on construction projects often need to provide a bid bond statement as part of their bid proposal. This is especially common for public projects or projects requiring performance bonds.

02

Government agencies or project owners may require bid bond statements to ensure that contractors have the financial capacity to complete the project if they are awarded the contract.

03

General contractors may also request bid bond statements from subcontractors they are considering for awarding subcontracts, as a form of financial security.

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