Standard form 24 question

[Seattle bonds]

I have recently heard of a couple Standard Form 24 bid bonds for federal jobs being tossed because the agent did not fill in the "liability limit" box in the corporate surety section. Does anyone know what is actually supposed to be in this box? I have asked around a little bit and the answers range from putting the sureties T listing, leaving it blank, or putting the bid amount. Of course the form instructions don't seem to address this. Anyone know what the actual correct answer is here? I would hate to have a client lose a job because a box wasn't correctly filled out...Thanks!

[heidi.f]

Hello,

The limit that must be typed in that section is the surety company's federal liability limit. The agency that is issuing the bond is responsible for filling that information in, and in most cases, the bid will be rejected if that section is left blank or if the contractor's bid amount is entered there instead of the surety's liability limit.

Hope this answers your question!