Sample Bid Bond

A bid bond is a document provided by a bidder as a guarantee to the project owner that if the bidder is awarded the contract, they will enter into the contract and provide the required performance and payment bonds.

Below is a sample bid bond in English:

Bid Bond

Project: [Project Name]

Date: [Date]

Owner: [Owner Name]

Contractor: [Contractor Name]

Amount: [Bid Amount]

We, the undersigned, hereby promise to pay to the [Owner] a sum not exceeding the amount mentioned above, upon receipt of a written claim by the Owner stating that the Contractor has failed to enter into a contract with the Owner within the time specified in the bid documents.

This guarantee is valid until [Expiration Date].

This bond is provided as an assurance that the Contractor will fulfill all obligations and requirements stated in the bid documents. In the event that the Contractor fails to do so, the Owner may make a claim against this bond for the difference between the Contractor's bid and the next lowest responsive bid received by the Owner for the same work.

The liability of the surety under this bond shall be joint and several with the Contractor. The surety's obligation shall not be discharged by any extension of time, modifications, or changes in the terms of the contract without the surety's written consent.

This bond shall be governed by and interpreted in accordance with the laws of [Jurisdiction].

Witness:

[Name]

[Title]

_____________________

Date:

By signing below, the Contractor acknowledges and agrees to the terms and conditions of this bid bond.

Contractor:

[Contractor Name]

_____________________

Date:

Please note that this is only a sample bid bond. The actual content and format may vary depending on the specific requirements of the project and the legal jurisdiction in which it is being executed.