1-3- BID BOND.pdf
PDF 72 KB Posted
- Attached to
- IFB - ROADWAY IMPROVEMENTS - VARIOUS LOCATIONS
- Solicitation number
- 26-286
- Issued by
- Washington County, Utah
About this file
This is a Bid Bond form for the City of St. George's Roadway Improvements Various Locations project (Bid Number 26-286). The bid bond serves as a financial guarantee accompanying construction bids submitted to the City of St. George. The bond must be executed by both the principal (bidder) and a surety company and names the City of St. George as the obligee. The bond becomes void if the bid is rejected or if the bidder accepts the contract, executes it in the required form, furnishes the required performance and payment bonds, and performs all obligations created by the bid acceptance. The surety's liability is capped at the penal amount of the bond, and the surety waives notice of any extension of the time period for bid acceptance.
The bid bond amount is established at 5 percent of the submitted bid amount. The surety company executing the bond must appear on the U.S. Treasury Department's current Circular 570 list and be authorized to transact business in Utah. Per the project requirements, bidders must submit bids accompanied by this 5 percent bid bond, and upon contract award, the successful bidder will be required to furnish 100 percent payment and performance bonds. The City of St. George reserves the right to reject any or all proposals or waive any formality or technicality in the interest of the city.
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Other files
| File | Type | Posted |
|---|---|---|
| 15-5- MEASURE PAYMENT ROADWAY IMPROVEMENTS.pdf | ||
| 13-sample - CERTIFICATE OF INSURANCE.pdf | ||
| 14-sample - CONSTRUCTION AGREEMENT.pdf | ||
| 17-6- ROADWAY IMPROVEMENTS VARIOUS LOCATIONS - 5.29.26.pdf | ||
| 7-NOTICE OF AWARD.docx | DOCX document | |
| 6-CONDITIONAL WAIVER RELEASE UPON FINAL PAYMENT.docx | DOCX document | |
| 8-GENERAL CONDITIONS rev 09.pdf | ||
| 5-PERFORMANCE BOND.docx | DOCX document | |
| 12-MAJOR SUBCONTRACTOR LISTING.pdf | ||
| 9-1- INFORMATION FOR BIDDERS.pdf | ||
| 10-2- BID TERMS.pdf | ||
| 3-NOTICE TO PROCEED.docx | DOCX document | |
| 4-PAYMENT BOND.docx | DOCX document | |
| 2-CONDITIONAL WAIVER RELEASE UPON PROGRESS PAYMENT.docx | DOCX document | |
| 11-E-Verify Form.pdf | ||
| 16-4- SCOPE OF WORK ROADWAY IMPROVEMENTS.pdf |
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Text version
BID BOND
Project Name:
Inquiry No.
KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned, as
Principal, and as Surety, are hereby held and firmly bound unto The City of St. George in the penal sum of for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves, successors and assigns.
Signed, this day of , 20 . The Condition of the above obligation is such that whereas the Principal has submitted to a certain BID, attached hereto and hereby made a part hereof to enter into a contract in writing, for the construction of the above-named project.
NOW, THEREFORE,
(a) If said BID shall be rejected, or
(b) If said BID shall be accepted and the Principal shall execute and deliver a contract in the Form of
Contract attached hereto (properly completed in accordance with said BID) and shall furnish a
BOND for his faithful performance of said contract, and for the payment of all persons performing labor or furnishing materials in connection therewith, and shall in all other respects perform the agreement created by the acceptance of said BID, THEN this obligation shall be void, otherwise the same shall remain in force and effect; it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated.
The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its
BOND shall be in no way impaired or affected by any extension of the time within which the CITY may accept such BID; and said Surety does hereby waive notice of any such extension.
Form approved by Legal May, 2024 Page 18 of 54
IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals, and such of them as are corporations have caused their corporate seals to be hereto affixed and these presents to be signed by their proper officers, the day and year first set forth above.
Principal
Surety
By:
IMPORTANT - Surety companies executing BONDS must appear on the Treasury Department's most current list (Circular 570 as amended) and be authorized to transact business in the state where the project is located.
| Principal: |
| By: |
| undefined: |
| 1: |
| 2: |
| Month: |
| Year: |
| Day: |
| Bond Company: |
| City of St: |
| George: |
| Name of Bidder: |
| 5% of Bid: |
| Project Name: Roadway Improvements Various Locations |
| Bid Number: 26-286 |
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