Bid Bond definition

Bid Bond means the unconditional and irrevocable bank guarantee to be submitted along with the Bid by the Bidder under Clause 3.14 of this RFS, in the prescribed Format- 3.

Bid Bond means the financial security for the bid, in the shape of demand draft in the name of USF Co., which an Applicant must furnish to USF Co. in accordance with section 39 of this RFA;

Bid Bond means the unconditional and irrevocable bank guarantee to be submitted along with the Bid by the Bidder under Clause 2.18 of this RfP, as per the prescribed Format 4.6;

Examples of Bid Bond in a sentence

• Value and validity applicable for the submission of Bid Bond for each item should be as indicated therein.

• SPECIMEN OF ANNEX – 1 ANNEX – 1 BID NO/ BID REFERENCE : (TENDER NO)DATE OF ISSUE : CLOSING DATE & TIME : (SRI LANKAN TIME) ORDER LIST NO : SR NoItem Description/ SpecificationsQuantityDelivery Schedule Amount of Bid Bond : LKR ……………..

• Each Bid must be accompanied by certified check, cashier's check, or a Bid Bond prepared on the form attached hereto or on a similar form acceptable to the Owner, duly executed by the Bidder as principal and having as surety thereon a surety company approved by the Owner, in the amount of ten percent (10%) of the Bid.

• Liquidated damages for failure to enter into the contract shall not exceed the amount of the Bid Bond.

• Such cash, check or Bid Bond will be returned to all except the three(3) lowest Bidders within fifteen (15) business days after the opening of Bids.

More Definitions of Bid Bond

Bid Bond means the security executed by the Bidder and the Surety furnished to TxDOT to guarantee payment of liquidated damages if the Bidder fails to enter into an awarded Contract.

Bid Bond means an insurance agreement in which a third party agrees to be liable to pay a certain amount of money in the event that a specific bidder, if his bid is accepted, failed to accept the contract as bid.

Bid Bond means the unconditional and irrevocable bank guarantee for Rupees Twenty Eight Crore Only (Rs. 28 Crore), to be submitted along with the Technical Bid by the Bidder under Clause 2.11 of this RFP, as per the format prescribed in Annexure 14;

Bid Bond means the financial security for the bid, including any pay order or demand draft in the name of USFCo, that an Applicant must furnish to USFCo in accordance with section 39 of this RFA;

Bid Bond means a bond given to the Township to guarantee entry into a contract. This bond is given to indemnify the Township against increased costs if the bidder does not carry out the specified undertaking to enter into a contract;

Bid Bond means an insurance agreement in which a third party agrees to be liable to pay a certain amount of money in the event a specific bidder fails to accept the contract as bid.

Bid Bond means a form of security, which indemnifies the County against a successful bidder’s failure to execute the Contract documents and proceed with performance.