Form Must be Printed Double Sided

BID BOND
For use when bidding on City of Chicago projects. See instructions following.
PRINCIPAL (Legal name and business address)
State of incorporation or organization:
SURETY (Legal name and business address)
State of incorporation:
BID IDENTIFICATION
BID OPENING DATE:
SPECIFICATION NUMBER:
SPECIFICATION TITLE (AND PROJECT NUMBER IF AVAILABLE):
PENAL SUM OF BOND
%,
P ERCENT OF BASE BID
Surety Bond No.:
Obligation:
We, the Principal and Surety, are firmly bound to the City of Chicago (hereinafter called the City) in the above
penal sum. For payment of the penal sum, we bind ourselves, our heirs, executors, administrators, and
successors, jointly and severally.
Conditions:
The Principal has submitted the bid identified above.
Therefore:
The above obligation is void if the City accepts the bid identified above and the Principal enters into a Contract
with the City in accordance with the terms of such bid, executes such further contractual documents that may be
required by the terms of the bid or contract documents, and gives such bond(s) as may be specified in the bidding
or contract documents with surety acceptable to the City.
The Surety executing this instrument agrees that its obligation is not impaired by any extension(s) of the time for
acceptance of the bid that the Principal may grant to the City. Notice to the surety of extension(s) is waived.
DPS Bid Bond Form, May 24, 2005
Form Must be Printed Double Sided
1
In the event the City brings suit upon this bond, Surety will pay reasonable attorney’s fees and costs incurred by
the City in such suit.
Witness:
The Principal and Surety executed this bid bond and affixed their seals on the below dates. The person signing
below on behalf of the Principal warrants that he or she is authorized to execute this document on behalf of the
Principal.
PRINCIPAL
Corporate Seal
P RINCIPAL
NAME
P RINCIPAL
SIGNATURE
SIGNER'S
NAME & TITLE
DATE
SURETY
Corporate Seal
SURETY NAME
ATTORNEY-INFACT SIGNATURE
ATTORNEY-INFACT NAME
DATE
NOTARY
STATE OF
, COUNTY OF
I, ____________________________________, a Notary Public in the County and State aforesaid, do hereby
certify that __________________________________________________________ of the
________________________________________ who is personally known to be the same person whose name
he/she subscribed in the foregoing instrument as such Attorney-in-Fact, appeared before me this day in person
and acknowledged that he/she signed, sealed, and delivered the said instrument of writing as his/her free and
voluntary act, and as the free and voluntary act of the said ________________________________ for the uses
and purposes therein set forth, and caused the corporate seal of said company to be thereto attached.
GIVEN UNDER MY HAND AND NOTARIAL SEAL THIS
DAY OF
, 20
NOTARY P UBLIC
Notary Seal
The signature of the Surety's attorney-in-fact must be notarized, and an original power of attorney
granting him or her authority to sign this document must be attached to this document.
DPS Bid Bond Form, May 24, 2005
Form Must be Printed Double Sided
2
INSTRUCTIONS FOR CITY OF CHICAGO BID BOND FORM
Bidders/Proposers: Give these instructions to your surety.
1. The Bond must be on the City’s form. No substitutions will be acceptable .
2. Copies of the form are acceptable. However, copies of the Bond must be double sided, with page 1 on
one side of the paper, and page 2 on the opposite side of the paper.
3. The amount of the Bond must be that stated in the Legal Advertisement. Unless otherwise specified, the
amount of the bond should be expressed as a percentage of the bid amount.
4. All blank spaces to be filled in must be completed using a typewriter or legible hand printing unless
otherwise indicated. Determinations of legibility will be in the sole discretion of the Chief Procurement
Officer. Photocopied insertions will not be accepted, nor will any Bond form on which there is any
evidence of correction fluid ("white-out").
5. Insert the full legal name and business address of the Principal in the space designated "Principal" on the
face of the form. If the Bidder/ Proposer is bidding under an assumed name (“d/b/a”) the assumed name
must be separately stated in the same space as the full legal name for identification purposes.
6. The address of the Principal must be complete. If a different mailing address should be used, it should be
included as well, as bonds to be returned will be mailed to address shown on the bond.
7. The Bond must include the Surety’s name, the state in which the Surety was incorporated, and the
Surety’s address.
8. The specification number must appear on the Bond.
9. The Surety executing the bond must appear on the Department of the Treasury’s list of approved sureties
(available at http://www.fms.treas.gov/c570/c570.html) and must act within the limitations listed therein.
10. The names and titles of the people signing the bond must be given in the spaces provided.
11. Corporations executing the bond shall affix their corporate seals if required. If a seal is not required,
please indicate "seal not required" in the space where the seal would otherwise be affixed.
12. A person authorized to bind the Bidder/Proposer as the Principal must sign the bond.
13. The Bond must be signed by an attorney-in-fact of the surety company. An original Power of Attorney
that identifies the surety company’s signatory as an attorney-in-fact must be attached.
14. The date on which the Surety's Power of Attorney was certified should be the same or later than the date
on which the bond was signed by the Surety.
15. In its application to negotiated contracts, the terms “bid” and “bidder” shall include "proposal" and
"offeror."
DPS Bid Bond Form, May 24, 2005
Form Must be Printed Double Sided
3