Reso 2022-3340 - Laserfiche WebLink

Home Browse Search

4.4. ❑ BID BOND (Applicable if box checked): 4.4.1. A scan or copy of the original Bid Bond must be submitted with your electronic Proposal. However, the original (raised seal/thicker stock) paper must be received by U.S. Mail, air, ground courier services, by messenger service; or in person to the address shown below BEFORE the due date of the RFP outlined above. Failure to provide the original Bid Bond prior to the Bid opening WILL result in your Bid being deemed non-responsive. Bid # - Project Name Outlined Above Purchasing Department 6600 University Drive Parkland, FL 33067 4.4.2. Each Proposal must be accompanied by a certified or cashier's check or by a Bid Bond made payable to the City of Parkland on an approved form, duly executed by the Proposer as principal and having as surety thereon a surety company acceptable to the City and authorized to write such Bid Bond under the laws of the State of Florida, in an amount not less than five percent (5%) of the amount of the Base Bid (including any allowances) exclusive of any Proposal alternates. The City reserves the right to reject any and all security tendered to the City. 4.4.3. The Proposal bond of the Successful Proposer will be retained until such Proposer has executed the Contract and furnished the required payment and performance bonds, whereupon the Proposal bond will be returned. If the Successful Proposer fails to execute and deliver the Contract, provide proof of the required insurance coverage(s) and furnish the required payment and performance Bonds (if applicable) within seven (7) business days of the Notice of Award, City may annul the Notice of Award and the entire sum of the Proposal bond shall be forfeited. Bid bond will be returned to unsuccessful Proposer upon execution of a Contract with the successful Proposer. The attorney in fact or other officer who signs a Bid Bond for a surety company must file with such a Bond a certified copy of his power of attorney authorizing him to do so. 4.4.4. The bid bond filed with the Bid shall be forfeited in its entirety to the City as liquidated damages if the Proposer to whom the Contract is awarded fails to execute the Contract Documents within seven (7) business days of the Contract Award. 4.4.5. Once the notice to award has been issued, those firms that are not recommended for award must notify the City, within seven (7) business days of the Notice, if the firm wants the original bid bond returned. If a firm wants the bid bond returned, the firm must pick it up from the City. 4.5. ❑ PERFORMANCE AND PAYMENT BONDS/IRREVOCABLE LETTER OF CREDIT (Applicable if box checked): 4.5.1. The amount of each payment or performance bond, if required, shall be equal to City of Parkland RFP 2021-03 Page 23