FORM OF BID CLEANING (BID BOND). By this Bond ................................................................................................(Hereinafter called "the Bidder") and we (name of bank or insurance company) whose registered office is at '.................... Hereinafter called "the Surety" are held and firmly bound unto ................................................ here in after called "the Authority" in the sum of ........................................................................ for the payment of which sum the Bidder and the Surety bind themselves their successors and assigns jointly and severally by these presents. Whereas the Authority has invited the Bidder and other persons to complete bids in similar terms for the supply and installation of ………………………………………………… ……………………………………………………………………………………………….. and works associated therewith the(hereinafter called "the works") and to submit the same for the consideration of the Authority, and the Bidder proposes to submit to the Authority a bid (hereinafter called "the Bidder") in accordance with such invitation, the Bond shall provide security to the Authority that the Bidder will honor certain obligations to be undertaken by him in the Bid in accordance with the following conditions. Now the Conditions of this Bond are:
