Bid Bond definition

Bid Bond means the unconditional and irrevocable bank guarantee to be submitted along with the Bid by the Bidder under Clause of this RFP, in the prescribed Format;

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

• Failure to submit a Bid Bond from a Surety Company meeting these minimum standards shall result in rejection of the bid.

• MR6 Provide current valid Auctioneers Practicing License issued by Auctioneers Licensing Board (CLASS B) MR7 The written confirmation of authorization to sign on behalf of the Tenderer shall consist of: The Power of Attorney MR8 Submit with the tender a Bid Bond (Tender Security) of Kshs 50,000.00 in the format provided in the tender document.

• The Contract between the parties is expressed in the Contract Documents, which include the Invitation to Bid; the accepted Bid Proposal; the Bid Bond; the Subcontractor’s List; the Bidder Information, including the Bidder and any subcontractor Responsibility Checklist; the Non- Collusion Affidavit; the Certification of Compliance with Wage Payment Statutes; the Performance and Payment Bonds; the Plans and Specifications; and this Contract.

• When Bid security has been required, if within ten (10) days after notification by the County of the County's approval to award the Contract, if the successful Respondent refuses or otherwise neglects to execute the required written Contract and fails to furnish the required Performance Bond and Payment Bond, the amount of the Respondent’s Bid security (Cashier's Check or Bid Bond) shall be forfeited and the same shall be retained by the County.

• This Contract incorporates by reference the following: Contractor’s Proposal, Bid Bond, Agreement Performance, Labor and Material Bond, Plans, General Conditions, Special Provisions and Specifications, and any addenda thereto (collectively the “Contract Documents”).

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 the cash security to be lodged by an Applicant in respect of an Application for Qualification in accordance with these Terms and Conditions.

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.