1-Bid Bond Information.pdf
PDF 79 KB Posted
- Attached to
- Nederland Fuel Tank Replacement
- Solicitation number
- BID-316-26
- Issued by
- Boulder County, Colorado
About this file
This is a Bid Bond Information document from Boulder County, Colorado, outlining the bid security requirements for state and local contract opportunities. The document specifies that bid security may be required at Boulder County's discretion for construction contracts exceeding $50,000 and for other contracts deemed in the county's best interest. For the Nederland Fuel Tank Replacement project located at 286 Ridge Road, Nederland, CO 80466, Boulder County Building Services is soliciting bids from qualified contractors to replace one 10,000-gallon above-ground fuel tank with a new UL-2085 compliant storage tank configured for a 60/40 split between unleaded and diesel fuel. The project scope includes relocating the tank to a new concrete slab with protective bollards, demolishing the existing slab, and installing new paving. Contractors may bid on all items or selected items from the bid tab. Work completion is targeted for Q3 2027.
When bid security is required, it must equal 5 percent of the bid amount unless otherwise specified in the instructions to bidders. Acceptable forms of bid security include a bond issued by a surety company authorized to do business in Colorado or a bank cashier's check made payable to Boulder County. Bidders must submit a scanned copy with their bid and mail the original bid security instrument postmarked no later than the bid deadline to Boulder County Purchasing, 1325 Pearl Street, Boulder, CO 80302. Bids remain irrevocable for 30 days following opening. Failure to comply with bid security requirements results in bid rejection as nonresponsive. If awarded, contractors must deliver required performance and payment bonds and enter into a contract under the winning bid terms; failure to do so results in bid rejection and enforcement of bid security to cover actual damages.
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Text version
Bid Bond Information
Bid Security: Boulder County may require, at its discretion, bid security for construction contracts when the price is expected to exceed $50,000 and for any other contracts as determined by Boulder County to be in its best interest. Bid security provides assurance to Boulder County that the bidder will, upon award, fulfill its bonding and contracting obligations as required by the instructions to bidders. When bid security is required, as indicated in the instructions to bidders, the following terms apply:
• Bid security must be for an amount equal to 5 percent of the amount bid, unless otherwise stipulated in the instructions to bidders.
• Bid security must be in the form of a bond, issued by a surety company authorized to do business in Colorado, or a bank cashier’s check made payable to Boulder County.
• Bidders should scan and submit a copy of the bid security instrument with their bid submittal AND mail to Boulder County the actual bid security instrument, postmarked no later than the date of the bid deadline.
• Bidder noncompliance with bid security requirements requires that the bid be rejected as nonresponsive.
• The bid security is submitted as a guarantee that the bid will be maintained in full force and effect for a period of thirty (30) days after the opening of the bids.
Accordingly, after bids are opened, they shall be irrevocable for a period of thirty
(30) days.
• If a bidder is permitted to withdraw his bid before award, at Boulder County’s sole discretion, no action shall be had against the bidder or the bid security.
• Following award, if a contractor fails to deliver the required performance and payment bonds or refuses to enter into a contract with Boulder County under the terms of its winning bid, the contractor’s bid shall be rejected and its bid security will be enforced by Boulder County to the extent of actual damages
Mailing Address:
Boulder County Purchasing 1325 Pearl Street Boulder, CO 80302
File details come from the government source that posted it. Updated .