Specifications

SECURITY CAMERA SYSTEM UPGRADE AND REPLACEMENT
FOR MONTGOMERY COUNTY DETENTION CENTER
BIDDER’S PROPOSAL BP-7
BID GUARANTY
&
PERFORMANCE BOND
"KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned __________
______________________________________ as principal and _________________
______________________________________ as sureties, are hereby held and firmly bound
unto the Board of County Commissioners, Montgomery County, Ohio, as obligee in the penal
sum of the dollar amount of the bid submitted by the principal to the obligee on
_______________ to undertake the project known as__________________________________.
The penal sum referred to herein shall be the dollar amount of the principal's bid to the obligee,
incorporating any additive or deductive alternative proposals made by the principal on the date
referred to above to the obligee, which are accepted by the obligee. In no case shall the penal
sum exceed the above of ___________________________________________________ dollars.
(If the foregoing blank is not filled in, the penal sum will be the full amount of the principal's
bid, including alternates. Alternately, if the blank is filled in, the amount stated must not be less
than the full amount of the bid including alternates, in dollars and cents. A percentage is not
acceptable.) For the payment of the penal sum well and truly to be made, we hereby jointly and
severally bind ourselves, our heirs, executors, administrators, successors, and assigns.
Signed this ____________ day of ____________________, _________.
THE CONDITION OF THE ABOVE OBLIGATION IS SUCH, that whereas the above
named principal has submitted as bid for_________________________________________.
Now, therefore, if the obligee accepts the bid of the principal and the principal fails to enter
into a proper contract in accordance with the bid, plans, details, specifications, and bills of
material; and in the event the principal pays to the obligee the difference not to exceed ten
percent of the penalty hereof between the amount specified in the bid and such larger amount for
which the obligee may in good faith contract with the next lowest bidder to perform the Work
covered by the bid; and in the event the obligee does not award the contract to the next lowest
bidder and resubmits the project for bidding, the principal pays to the obligee the difference not
to exceed ten percent of the penalty hereof between the amount specified in the bid, or the costs,
in connection with the resubmission, or printing new contract documents, required advertising,
and printing and mailing notices to prospective bidders, whichever is less, then this obligation
shall be null and void, otherwise to remain in full force and effect; if the obligee accepts the bid