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

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.

By:

Name:

Title:

Date:

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:

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