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This document serves as a Bid Bond Agreement, binding the Principal and Surety to the Local Public Agency for the payment of a specified sum. It ensures that the Principal will not withdraw their bid and will enter into a contract if accepted. Should the Principal fail to do so, the Surety agrees to pay any differences in costs to the Local Public Agency.
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What is Bid Bond Form?

The Bid Bond is a writable document that should be submitted to the specific address in order to provide specific info. It has to be filled-out and signed, which is possible manually in hard copy, or with the help of a particular software e. g. PDFfiller. This tool lets you fill out any PDF or Word document directly in your browser, customize it depending on your needs and put a legally-binding e-signature. Right away after completion, you can easily send the Bid Bond to the appropriate recipient, or multiple individuals via email or fax. The template is printable as well because of PDFfiller feature and options presented for printing out adjustment. In both electronic and physical appearance, your form will have a organized and professional outlook. You may also turn it into a template for later, without creating a new blank form from scratch. All that needed is to customize the ready document.

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Before start filling out Bid Bond form, remember to have prepared enough of required information. That's a very important part, since errors can trigger unpleasant consequences starting with re-submission of the full blank and completing with deadlines missed and even penalties. You ought to be careful enough when working with figures. At first glimpse, you might think of it as to be not challenging thing. Yet, it is simple to make a mistake. Some people use some sort of a lifehack storing everything in a separate document or a record book and then insert it into documents' temlates. In either case, come up with all efforts and present valid and correct data with your Bid Bond word template, and doublecheck it while filling out the required fields. If it appears that some mistakes still persist, you can easily make some more corrections when working with PDFfiller editing tool without missing deadlines.

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A bid bond form is a type of surety bond that guarantees that a bidder will enter into a contract with the project owner if awarded the bid, and will provide the necessary performance and payment bonds.
Typically, contractors or bidders participating in public works projects or competitive bidding processes are required to file a bid bond form.
To fill out a bid bond form, include the name of the principal (the bidder), the name of the owner (the project owner), the project name, the bid amount, and ensure that it is signed by both the principal and the surety.
The purpose of the bid bond form is to protect the project owner by ensuring that the bidder is serious about the bid and will follow through with the contract if awarded.
The information typically reported on a bid bond form includes the names of the bidder and the owner, the bid amount, the project details, and surety company information.
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