1-Bid Bond Information.pdf
PDF 79 KB Posted
- Solicitation number
- BID-230-26
- Issued by
- Boulder County, Colorado
About this file
This is a Bid Bond Information document issued by Boulder County, Colorado, outlining the requirements and terms for bid security submission on construction contracts. The document applies to Boulder County's procurement process for the 28th Street Hub Drywall Installation and Finishing project, a construction contract with an expected value exceeding the $50,000 threshold that triggers bid security requirements. Bidders must submit drywall installation and finishing services for the Community Hub located at 2525 28th Street, Boulder, Colorado, with project execution anticipated from the second quarter of 2026 through the end of 2026. The bid submission process requires bidders to scan and submit a copy of bid security with their bid while simultaneously mailing the original bid security instrument to Boulder County Purchasing at 1325 Pearl Street, Boulder, CO 80302, postmarked no later than the bid deadline date.
Bid security must equal 5 percent of the total bid amount and may be provided either as a surety bond issued by a Colorado-authorized surety company or as a bank cashier's check made payable to Boulder County. All submitted bids remain irrevocable for thirty days following bid opening, during which time Boulder County may enforce bid security if a successful bidder fails to provide required performance and payment bonds or declines to execute a contract under the winning bid terms. Bidders who fail to comply with bid security requirements will have their bids rejected as nonresponsive. Boulder County retains discretionary authority to waive enforcement against bid security if a bidder is permitted to withdraw its bid prior to award.
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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 .