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Bid Bond Requirement
5/13/2025
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Not Specified
Buyer requires a 5% bid bond with each proposal, which can be provided as a bond from a licensed Texas surety, certified check, bank draft, or negotiable U.S. Government Bonds. Performance and payment bonds will be required for each project. The bid bond ensures the proposer won't withdraw their bid and will enter into a contract if selected.
- 5/13/2025 - Proposal Due Date
- Licensed surety acceptable in Texas
- Provide 5% bid bond with proposal
- Obtain bonds from acceptable surety licensed in Texas
- Submit certified check or bank draft as alternative
- Provide performance bonds for each project
- Provide payment bonds for each project
- Execute written contract if bid accepted
- Maintain bid validity for 60 days after opening
- Sign prescribed forms within 10 days if requested
- Provide corporate certification for principal
- Attach power-of-attorney for surety company representative
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