Get Bid Bond Template

Filling out a Bid Bond Template can be straightforward with the right guidance. This guide provides comprehensive instructions on each component of the form, ensuring that all users can complete it accurately and efficiently while navigating it online.

Follow the steps to fill out the Bid Bond Template with ease.

1. Click 'Get Form' button to acquire the Bid Bond Template and open it in your preferred online editor.
2. In the designated 'Principal' section, insert the full legal name and business address of the Principal. Ensure that the individual authorized to sign the bond does so clearly.
3. If a representative signs the document, they must provide evidence of their authority, especially if they are not a member of the involved firm or organization.
4. Specify the penal sum of the bond, which may be a percentage of the bid price. Clearly state a maximum dollar limitation if applicable.
5. If using corporate sureties, ensure they appear on the Department of the Treasury's list of approved sureties, and list their names and addresses as required.
6. Include an Affidavit of Individual Surety (Standard Form 28) for each individual surety if applicable, along with any additional requested financial information.
7. Confirm that any corporate seals are affixed as necessary. Individuals should execute the bond where indicated and attach an adhesive seal if instructed by local regulations.
8. Lastly, type the name and title of each person signing the document in the provided spaces.
9. Once all fields have been completed, save your changes, download, print, or share the form as required.

Ensure your submission is compliant by completing the Bid Bond Template online today.