Standard Form 24 – Fill Out and Use This PDF

Paperwork Reduction Act Statement - This information collection meets the requirements of 44 USC § 3507, as amended by section 2 of the Paperwork Reduction Act of

1995. You do not need to answer these questions unless we display a valid Office of Management and Budget (OMB) control number. The OMB control number for this collection is 9000-0045. We estimate that it will take 1 hour to read the instructions, gather the facts, and answer the questions. Send only comments relating to our time estimate, including suggestions for reducing this burden, or any other aspects of this collection of information to: General Services Administration, Regulatory Secretariat Division (M1V1CB), 1800 F Street, NW, Washington, DC 20405.

SURETY(IES) (Name and business address)

		PENAL SUM OF BOND					BID IDENTIFICATION
PERCENT			AMOUNT NOT TO EXCEED			BID DATE	INVITATION NUMBER
OF BID		MILLION(S)	THOUSAND(S)	HUNDRED(S)	CENTS
PRICE
						FOR (Construction, Supplies or
						Services)
	OBLIGATION:

We, the Principal and Surety(ies) are firmly bound to the United States of America (hereinafter called the Government) in the above penal sum. For payment of the penal sum, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally. However, where the Sureties are corporations acting as co-sureties, we, the Sureties, bind ourselves in such sum "jointly and severally" as well as "severally" only for the purpose of allowing a joint action or actions against any or all of us. For all other purposes, each Surety binds itself, jointly and severally with the Principal, for the payment of the sum shown opposite the name of the Surety. If no limit of liability is indicated, the limit of liability is the full amount of the penal sum.

CONDITIONS:

The Principal has submitted the bid identified above.

THEREFORE:

The above obligation is void if the Principal - (a) upon acceptance by the Government of the bid identified above, within the period specified therein for acceptance (sixty (60) days if no period is specified), executes the further contractual documents and gives the bond(s) required by the terms of the bid as accepted within the time specified (ten (10) days if no period is specified) after receipt of the forms by the principal; or (b) in the event of failure to execute such further contractual documents and give such bonds, pays the Government for any cost of procuring the work which exceeds the amount of the bid.

Each 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 Government. Notice to the surety(ies) of extension(s) is waived. However, waiver of the notice applies only to extensions aggregating not more than sixty (60) calendar days in addition to the period originally allowed for acceptance of the bid.

WITNESS:

The Principal and Surety(ies) executed this bid bond and affixed their seals on the above date.

PRINCIPAL

INDIVIDUAL SURETY(IES)

SIGNATURE(S)	1.	2.
	(Seal)	(Seal)
NAME(S)	1.	2.
(Typed)
	CORPORATE SURETY(IES)

		NAME &		STATE OF INCORPORATION	LIABILITY LIMIT ($)
	B	ADDRESS
	SURETY					Corporate
		NAME(S) &	1.	2.
		SIGNATURE(S)				Seal
		TITLE(S)	1.	2.
		(Typed)
	C	NAME &		STATE OF INCORPORATION	LIABILITY LIMIT ($)
		ADDRESS
	SURETY					Corporate
		NAME(S) &	1.	2.
						Seal
		SIGNATURE(S)
		TITLE(S)	1.	2.
		(Typed)
	D	NAME &		STATE OF INCORPORATION	LIABILITY LIMIT ($)
		ADDRESS
	SURETY
						Corporate
			1.	2.
		SIGNATURE(S)				Seal
		NAME(S) &	1.	2.
		TITLE(S)
		(Typed)
		NAME &		STATE OF INCORPORATION	LIABILITY LIMIT ($)
	E	ADDRESS
	SURETY					Corporate
		SIGNATURE(S)	1.	2.
						Seal
		NAME(S) &	1.	2.
		TITLE(S)
		(Typed)
		NAME &		STATE OF INCORPORATION	LIABILITY LIMIT ($)
	F	ADDRESS
	SURETY					Corporate
		NAME(S) &	1.	2.
		SIGNATURE(S)	1.	2.
						Seal
		TITLE(S)
		(Typed)
		NAME &		STATE OF INCORPORATION	LIABILITY LIMIT ($)
	G	ADDRESS
	SURETY					Corporate
		SIGNATURE(S)	1.	2.
						Seal
		NAME(S) &	1.	2.
		TITLE(S)
		(Typed)

INSTRUCTIONS

1.This form is authorized for use when a bid guaranty is required. Any deviation from this form will require the written approval of the Administrator of General Services.

2.Insert the full legal name and business address of the Principal in the space designated "Principal" on the face of the form. An authorized person shall sign the bond. Any person signing in a representative capacity (e.g., an attorney-in-fact) must furnish evidence of authority if that representative is not a member of the firm, partnership, or joint venture, or an officer of the corporation involved.

3.The bond may express penal sum as a percentage of the bid price. In these cases, the bond may state a maximum dollar limitation (e.g., 20% of the bid price

but the amount not to exceed

dollars).

4.(a) Corporations executing the bond as sureties must appear on the Department of the Treasury's list of approved sureties and must act within the limitations listed therein. The value put into the LIABILITY LIMIT block is the penal sum (i.e., the face value) of the bond, unless a co-surety arrangement is proposed.

(b)When multiple corporate sureties are involved, their names and addresses shall appear in the spaces (Surety A, Surety B, etc.) headed "CORPORATE SURETY(IES)." In the space designated "SURETY(IES)" on the face of the form, insert only the letter identifier corresponding to each of the sureties. Moreover, when co-surety arrangements exist, the parties may allocate their respective limitations of liability under the bond, provided that the sum total of their liability equals 100% of the bond penal sum.

(c)When individual sureties are involved, a completed Affidavit of Individual Surety (Standard Form 28) for each individual surety, shall accompany the bond. The Government may require the surety to furnish additional substantiating information concerning its financial capability.

5.Corporations executing the bond shall affix their corporate seals. Individuals shall execute the bond opposite the word "Corporate Seal"; and shall affix an adhesive seal if executed in Maine, New Hampshire, or any other jurisdiction requiring adhesive seals.

6.Type the name and title of each person signing this bond in the space provided.

7.In its application to negotiated contracts, the terms "bid" and "bidder" shall include "proposal" and "offeror."

STANDARD FORM 24 (REV. 8/2016) BACK