Sample Certification Letter For Cashier'S Check Or Irrevocable Letter Of Credit


Certification Letter for Cashier’s Check or Irrevocable Letter of Credit
Offerors who submit a cashier’s check or an irrevocable letter of credit (“Alternate Bid
Security”) in lieu of a bid bond must also submit this certification, properly notarized, with their
proposal. By executing this document, Offeror acknowledges that, if awarded this contract,
Offeror shall be required to post promptly a payment and performance bond equal to the full
value of the contract. In the event Offeror fails to post such payment and performance bond, the
Offeror understands and agrees that; (i) the Department shall draw upon the Alternate Bid
Security as liquidated damages; (ii) the award and or contract shall be terminated; (iii) for a
period of two (2) years thereafter, the Department will not accept from such Offeror Alternate
Bid Security in lieu of a bid bond; and (iv) the Offeror hereby waives the right to protest the
termination of any such award or contract. The Offeror further acknowledges and agrees that the
damages the Department would experience in the event such award or contract are terminated
due to the Offeror’s failure to post a payment and performance bond are difficult to determine
and that the value of the Alternate Bid Security represents a reasonable estimate of the damages
the Department would incur.
District of Columbia) ss:
On the
day of
, 2016, before me, a notary public in and for the District
of Columbia, personally appeared
, who acknowledged
himself/herself to be
, and
that he/she as such, being authorized to do so, executed the foregoing instrument for the purposes
therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
Notary Public
My Commission Expires:


00 votes

Related Articles

Related forms

Related Categories

Parent category: Letters