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Standard form 24 bid bond

Standard form 24 bid bond 2026

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The document is a Bid Bond form used in federal contracting, which outlines the obligations of the Principal and Surety to guarantee the bid submitted for government contracts. It specifies conditions under which the bond becomes void, details about the penal sum, and requirements for execution by both corporate and individual sureties. The form also includes instructions for proper completion and submission.

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Click ‘Get Form’ to open the standard form 24 bid bond in the editor.
Begin by entering the date the bond is executed, ensuring it is not later than the bid opening date.
Select the type of organization by marking 'X' next to either Principal, Individual, Partnership, Joint Venture, or Corporation.
Fill in the legal name and business address of the Principal in the designated space.
Provide details for Surety(ies), including their names and addresses. Ensure that corporate sureties are on the Department of Treasury's approved list.
Indicate the bid identification number and specify the penal sum of the bond as a percentage of the bid price, along with any maximum dollar limitation.
Sign and affix seals where required. Type names and titles for all signatories in their respective fields.

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