Bid Bond Form for Submission to United Nations
This file contains a Bid Bond form required for submissions to the United Nations. It outlines the obligations of the Surety and Principal involved in the bidding process. This document ensures that bids submitted will be honored and managed according to the terms specified in the solicitation documents.
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How do I fill this out?
To fill out the Bid Bond form, start by supplying the required information in the specified fields. Ensure that all details related to the Surety and Principal are complete and accurate. Read the instructions carefully and refer to the solicitation documents as necessary.
How to fill out the Bid Bond Form for Submission to United Nations?
1
Identify the Surety and provide its full name, type of entity, and jurisdiction.
2
Fill in the Principal's name, type of entity, and jurisdiction along with the relevant bid details.
3
Input the Bond Value amount both numerically and alphabetically including the appropriate currency.
4
Complete the section regarding the Tender information and the specific submission form used.
5
Ensure all signatures are obtained from authorized representatives before submitting.
Who needs the Bid Bond Form for Submission to United Nations?
1
Contractors applying for projects with the United Nations.
2
Surety companies providing bonds for bidders.
3
Bidders submitting proposals requiring compliance with UN regulations.
4
Legal representatives facilitating contracts with the UN.
5
Project managers overseeing tender processes with international organizations.
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What are the instructions for submitting this form?
To submit this Bid Bond form, ensure it is fully completed with all required signatures. Then, it can be sent via email to submissions@un.org or submitted through the designated online portal. Physical copies should be mailed to the United Nations Headquarters, 405 East 42nd Street, New York, NY 10017.
What are the important dates for this form in 2024 and 2025?
Important dates for the Bid Bond submissions in 2024 are as follows: Due date for submission: March 1, 2024. Notification of acceptance: March 15, 2024. The validity period of the Bid Bond may extend based on the UN's discretion.
What is the purpose of this form?
The purpose of this Bid Bond form is to ensure that bidders maintain their commitment to the bidding process established by the United Nations. It serves as a legal agreement between the Surety and the Principal, guaranteeing that the bid will be honored. This form protects the interests of the United Nations by assuring financial backing and compliance throughout the bidding and contract execution phases.
Tell me about this form and its components and fields line-by-line.
- 1. Surety Information: Details of the Surety including name, entity type, and jurisdiction.
- 2. Principal Information: Information about the Principal, including name, type of entity, and jurisdiction.
- 3. Bond Value: The amount of the bond expressed both alphabetically and numerically.
- 4. Tender Details: Information related to the specific tender for which the bond is being submitted.
- 5. Signatures: Signature section for authorized representatives of the Surety and Principal.
What happens if I fail to submit this form?
Failure to submit this Bid Bond form may result in the disqualification of the bid. It is essential for maintaining eligibility in the tender process for the United Nations. Additionally, it may imply a lack of guarantee, causing potential harm to the bidding party's credibility.
- Bid Disqualification: Without a completed Bid Bond, your submission may be rejected outright.
- Financial Liability: Inadequate bonding could lead to financial setbacks or loss of contracts.
- Reputation Damage: Repeated failure to submit forms could harm your reputation with the United Nations.
How do I know when to use this form?
- 1. International Bidding: When participating in international tenders requiring bond submissions.
- 2. Project Contracting: For binding agreements with the United Nations regarding project contracts.
- 3. Compliance Assurance: To provide assurance of compliance with tender requirements.
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