Position Surety Bond for Trustee

Background

Maury County, Tennessee is soliciting bids for a Position Surety Bond for the Trustee. The goal of this contract is to secure a corporate surety bond amounting to $7,344,817, which will cover the Trustee's term of office from September 1, 2026, to September 1, 2030. This initiative is part of Maury County's financial management efforts to ensure compliance and protection for its governmental operations.

Work Details

The contractor will provide a Position Surety Bond for the Trustee with a total amount of $7,344,817. The bond must be issued for the entire term of office starting on September 1, 2026, and ending on September 1, 2030. All bonds must be in place prior to the position entry date. The payment of premiums for these bonds will occur at the beginning of the coverage term and will cover the entire duration.

Period of Performance

The contract will be performed from September 1, 2026, through September 1, 2030.

Place of Performance

The geographic location for performance is Maury County, Tennessee.

Bidder Requirements

Bidders must submit their proposals using the provided Bid Form and include all requested documentation. Bids not submitted on the specified form may be rejected. Bidders are required to certify that they are not on the list created under T.C.A. § 12-12-106 concerning investment activities in Iran and must comply with the Non-Boycott of Israel Act if applicable. Additionally, all bids must be executed in the company name and signed by an authorized individual.