Bid Bond

Bid bond.

Please enter the name of the contractor, referred to as BIDDER, of Please enter the city, state of residence of contractor, and Please enter the name of the surety, referred to as SURETY, of Please enter the city, state of residence of contractor, are bound to Please enter the name of the owner, of Please enter the city, state of residence of contractor, referred to as OBLIGEE, in the sum of $Please enter the sum of the bond in numerals, (Please enter the sum of the bond in words Dollars), referred to as the penal sum for the payment of this sum we bind ourselves and our legal successors.

If OBLIGEE accepts the bid of BIDDER, and BIDDER enters into a contract with OBLIGEE in accordance with the invitation to bid, and further, give such performance bonds as may be required, then this obligation shall be void, otherwise the same shall remain in full force and effect. Provided, however, that upon the failure of the BIDDER to enter into the contract as described above, the BIDDER shall pay either the difference between the bid submitted by BIDDER and any larger amount which OBLIGEE may in good faith contract to perform the work, or the penal sum, whichever is lesser.

DATED: __________________

______________________________________________ Please enter the name of the contractor

______________________________________________ Please enter the name of the surety

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