0340231 - BID BOND FORM.doc
DOC document 63 KB Posted
- Attached to
- 0340231/ STEAM RELIEF PRESSURE VALVE SYSTEM
- Solicitation number
- IFB1 GMAA 2015000315 3
- Issued by
- Denver County, Denver City, Colorado
About this file
This is a Bid Bond Form issued by the State of Colorado Office of the State Architect for the Auraria Higher Education Center, related to Project 0340231 for a Steam Relief Pressure Valve System. The bid bond is a required proposal guaranty that bidders must submit with their proposals to participate in the competitive bidding process. Bidders are required to maintain their proposals in full force and effect for thirty days after the opening of proposals, and if selected, must execute the required Agreement, furnish Performance Bond, Labor and Material Payment Bond, Insurance Policy, Certificates of Insurance, and Certification and Affidavit Regarding Illegal Aliens within prescribed timeframes.
The bid bond amount is set at five percent (5%) of the bidder's total proposal price, which serves as liquidated damages should the principal default on its obligations. The bond must be executed by the principal and a surety corporation authorized to transact business in Colorado, with proper signatures and corporate seals as applicable based on the entity type (corporation, individual, or partnership). The bid bond form requires a properly executed Power of Attorney to be submitted with the bond; failure to provide both documents will result in the bidder's proposal being deemed non-responsive and ineligible for consideration.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 20150610 AHEC Steam Utility -Mech Drawing.pdf | ||
| 0340231 - Information For Bidders.doc | DOC document | |
| 0340231 -Bid Forms.doc.docx | DOCX document | |
| 0340231-Steam Relief Systems Addendum No. 1 7115 doc.pdf | ||
| 0340231 STEAM RELIEF PRESSURE VALVE -Pre-Bid List.pdf |
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Text version
STATE OF COLORADO
OFFICE OF THE STATE ARCHITECT
STATE BUILDINGS PROGRAMS
BID BOND
| Institution/Agency: |
| AURARIA HIGHER EDUCATION CENTER |
| Project No./Name: |
| 0340231 / STEAM RELIEF PRESSURE VALVE SYSTEM |
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS,
hereinafter called the “PRINCIPAL”, is submitting a PROPOSAL for the above described project, to the STATE OF COLORADO, hereinafter called the “OBLIGEE”.
WHEREAS, the Advertisement for Bids has required as a condition of receiving the Proposals that the Principal submit with the PROPOSAL GUARANTY in an amount not less than five per cent (5%) of the Proposal, which sum it is specifically agreed is to be forfeited as Liquidated Damages in the event that the Principal defaults in his obligation as hereinafter specified, and, in pursuance of which Requirement, this Bid is made, executed and delivered.
NOW THEREFORE, the Principal and a corporation of the State of
, duly authorized to transact business in Colorado, as Surety, are held and firmly bound unto the Obligee, in the sum of five per cent (5%) of the Principal’s total bid price, lawful money of the United States for the payment of which sum, well and truly to be made to the Obligee, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
FURTHER THAT, a condition of the obligation that the Principal shall maintain his Proposal in full force and effect for thirty (30) days after the opening of the proposals for the project, or, if the Principal’s Proposal is accepted, the Principal shall, within the prescribed time, execute the required Agreement, furnish the required Performance Bond, Labor and Material Payment Bond, Insurance Policy, Certificates of Insurance and Certification and Affidavit Regarding Illegal Aliens, then this obligation shall be null and void, otherwise it shall remain in full force and effect, and subject to forfeiture upon demand as Liquidated Damages.
IN WITNESS WHEREOF said Principal and Surety have executed this Bond, this day of , A.D., 20
(Corporate Seal)
THE PRINCIPAL
Company Name
ATTEST
Address (including city, state and zip)
Secretary
Phone number:
Name (Print)
Signature
Name (Print) and Title
SIGNATURES
If the “Principal” is doing business as a Corporation, the Bid Bond shall be signed by an officer, i.e., President or Vice President. The signature of the officer shall be attested to by the Secretary and properly sealed.
If the “Principal” is an individual or a partnership, the Bid Bond shall so indicate and be properly signed.
(Corporate Seal)
THE SURETY
By __________________________________________
Secretary
Attorney-in-Fact
THIS BOND MUST BE ACCOMPANIED BY POWER OF ATTORNEY, EFFECTIVELY DATED.
FAILURE TO PROVIDE A PROPERLY EXECUTED BID BOND WITH A PROPERLY EXECUTED POWER OF ATTORNEY WILL RESULT IN THE BIDDER’S PROPOSAL BEING DEEMED NON-RESPONSIVE.
State Form SBP-6.14
Rev. 10/2006
File details come from the government source that posted it. Updated .