1-Bid Bond Information.pdf
PDF 79 KB Posted
- Attached to
- Boulder Canyon Trail Repair Project
- Solicitation number
- BID-326-26
- Issued by
- Boulder County, Colorado
About this file
This is a Bid Bond Information document issued by Boulder County, Colorado, pertaining to the Boulder Canyon Trail Repair Project. The document establishes bid security requirements for construction contractors submitting proposals to repair and reconstruct a damaged segment of the Boulder Canyon Trail and its creekside slope protection wall located downstream of the intersection of Highway 119 and Fourmile Canyon Drive. The project involves addressing significant scour damage beneath the trail surface and reconstructing the compromised slope containment structure while protecting two existing City of Boulder waterlines in the project area. Bid security is required when construction contract prices exceed $50,000 or when Boulder County determines it to be in its best interest. The document does not specify explicit response deadlines, site visit requirements, or award dates within its content.
Bid security must equal five percent of the total bid amount and may be submitted as either a bond issued by a Colorado-authorized surety company or a bank cashier's check payable to Boulder County. Bidders must submit a scanned copy of the bid security with their bid and mail the original instrument postmarked no later than the bid deadline. Bids remain irrevocable for thirty days following bid opening, and bid security will be enforced by Boulder County to the extent of actual damages if an awarded contractor fails to deliver required performance and payment bonds or refuses to enter into a contract under the winning bid terms. Noncompliance with bid security requirements results in bid rejection as nonresponsive. Bid security should be mailed to Boulder County Purchasing at 1325 Pearl Street, Boulder, Colorado 80302.
View the file
Other files
Show all 12
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
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 .