Surety Bond Encyclopedia

Pennsylvania Game Commission Timber Buyer Bond - Statewide in Pennsylvania

Brief Summary

This is not a license bond with one statewide amount. The Game Commission sets the performance bond separately for every State Game Lands timber sale, and the bond has to stay in force at least a year past the contract's expiration. A corporate surety bond lets a winning bidder meet that requirement without handing the Commission a certified check for the full amount.

A buyer who wins a Pennsylvania Game Commission timber sale on State Game Lands must furnish a performance bond in the amount stated in that sale's prospectus, payable to the Pennsylvania Game Commission. Recent prospectuses set $8,000 for the Birch Beer sale and $50,000 for the Speed Bump sale. A bond with corporate surety approved by the Attorney General is accepted, with an expiration at least 1 year beyond the timber contract's expiration.

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How to Apply for a Pennsylvania Game Commission Timber Buyer Bond:

  • Get the prospectus for the specific State Game Lands sale and note the performance bond amount and contract expiration date.
  • Submit the bid with the $1,000 bid deposit by certified, cashier's or treasurer's check or money order.
  • If you win, arrange the performance bond for the exact amount in the prospectus, payable to the Pennsylvania Game Commission.
  • Set the bond expiration at least 1 year past the timber contract expiration.
  • Execute the contract and deliver the bond within 45 days after presentation to avoid forfeiting the bid deposit.
  • Have any contractors or subcontractors pre-approved by the Commission before they work the sale.

Detailed Information About the Pennsylvania Pennsylvania Game Commission Timber Buyer Bond:

The amount changes with every sale

The Game Commission sells timber from State Game Lands by bid, and each sale has its own prospectus. The performance bond amount is printed in that prospectus. For example, the Birch Beer sale on State Game Lands 42 (sale 042-2026-01) called for an $8,000 performance bond, while the Speed Bump sale on State Game Lands 143 (sale 143-2025-02) called for $50,000. Check the prospectus for the sale you are bidding before you order a bond.

Bid deposit first, performance bond after award

Every bid in those prospectuses must come with a $1,000 bid deposit by certified, cashier's or treasurer's check or money order, payable to the Pennsylvania Game Commission. Personal, company and corporate checks and cash are not accepted. If the winning bidder fails within 45 days after presentation to accept and execute the contract and provide the bond, the $1,000 is forfeited as liquidated damages. Unsuccessful bidders get their deposits back once the contract is executed and a satisfactory performance deposit has been furnished.

Acceptable forms of performance security

The prospectus allows a certified check or postal money order drawn to the order of the Pennsylvania Game Commission, negotiable securities including assignment of a bank savings account, a bond with corporate surety approved by the Attorney General, or a bank irrevocable letter of credit. A surety bond or letter of credit must have an expiration date at least 1 year beyond the expiration date of the timber contract. If a contract runs to June 30, 2028, as the Speed Bump contract does, the bond has to run to at least June 30, 2029.

Other contract terms that matter

In the Birch Beer sale, 25% of the total bid price is due at contract execution and final payment is due no later than 120 days before the agreement expires. All contractors, subcontractors and consultants of the buyer must be pre-approved by the Commission. Confirm the bond wording and the current form of performance security with the Game Commission before the bond is issued.

Eligibility and Requirements for a Pennsylvania Pennsylvania Game Commission Timber Buyer Bond:

  • Obligee is the Pennsylvania Game Commission.
  • Bond amount fixed in each sale prospectus, for example $8,000 or $50,000.
  • Surety bond must be with a corporate surety approved by the Attorney General.
  • Expiration at least 1 year beyond the timber contract expiration date.
  • A separate $1,000 bid deposit accompanies each bid.

Pennsylvania Pennsylvania Game Commission Timber Buyer Bond FAQs:

How much is the Game Commission timber buyer bond?

It is set sale by sale in the prospectus. Recent examples are $8,000 for the Birch Beer sale on State Game Lands 42 and $50,000 for the Speed Bump sale on State Game Lands 143.

Is the bid deposit the same as the performance bond?

No. The $1,000 bid deposit goes in with your bid by certified, cashier's or treasurer's check or money order. The performance bond is furnished after you win, when you execute the contract.

How long does the bond need to last?

A surety bond or letter of credit must have an expiration date at least 1 year beyond the expiration date of the timber contract. A one year bond on a multi year contract will not meet that rule.

Can I use a surety bond instead of a certified check?

Yes. The prospectus accepts a bond with corporate surety approved by the Attorney General, as well as a bank irrevocable letter of credit, negotiable securities, a certified check or a postal money order.

What happens if I win and do not post the bond?

If you fail within 45 days after presentation to accept and execute the contract and provide the required bond, the $1,000 bid deposit is forfeited as fully liquidated damages.

Official and Additional Resources for the Pennsylvania Pennsylvania Game Commission Timber Buyer Bond:

Other Statewide Surety Bonds in Pennsylvania

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