100238_13_Bid_Guaranty_Fillable.pdf
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- Solicitation number
- 2026.002-LUT CPS
- Issued by
- Washington County, Oregon
About this file
This is a Bid Guaranty Form for Washington County, Oregon, related to the SW Walker Road/SW Murray Boulevard Intersection Improvements project (Project #100238, Bid #2026.102-LUT). The form serves as a binding guarantee that a contractor will execute the contract and provide required performance and payment bonds if their bid is accepted. The bid guaranty amount is set at ten percent of the total bid amount and must remain in effect for a minimum of thirty calendar days from the date of award unless otherwise specified in the Special Provisions. The contractor and surety are jointly and severally liable to Washington County as the obligee, with the guaranty becoming void only upon the contractor's successful execution of the contract and provision of all required bonds within the timeframe established by the County.
If the contractor's bid is accepted by Washington County and the contractor fails to execute the contract or provide the required performance and payment bonds in accordance with the contract documents, the bid guaranty shall be immediately forfeited to Washington County. The form requires completion of standard information including the principal contractor's name, the surety's corporate details and place of business, and authorization to conduct business in Oregon. The document was approved as to form by the Assistant County Counsel and is dated June 2020, establishing the legal framework for bid submission on this intersection improvements project estimated between $20,000,000 and $40,000,000.
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Text version
SW Walker Road/SW Murray Boulevard 1-3 Project # 100238 Intersection Improvements Bid # 2026.102-LUT CPS
1.20 BID GUARANTY FORM
KNOW ALL PERSONS by these presents, that we
(Contractor), as principal and
(Surety), a corporation duly organized under the laws of the State of , having its principal place of business at , and authorized to do business in the State of Oregon, as surety, are held and firmly bound unto Washington County, Oregon, as obligee, in the full sum of ten (10) percent of the total amount of the bid for the payment of which will and truly be made, we bind ourselves, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
NOW, THEREFORE, as the principal named below is submitting an irrevocable bid for the construction of “SW Walker Road/SW Murray Boulevard Intersection Improvements” as described in the Washington County Invitation to bid, and accompanying contract documents incorporated by reference herein, and if said bid submitted by principal is accepted by Washington County and said principal fails to execute the contract and required performance and payment bonds in accordance with 00130.50, then the Bid Guaranty shall immediately be paid to Washington County in accordance with 00130.60.
AND FURTHER, if the submitted Bid is accepted by Washington County and said principal shall enter into and execute the contract and shall furnish bonds as required by Washington County, Oregon, within the time fixed by said County, then this obligation shall be void; otherwise, to remain in full force and effect for not less than thirty (30) calendar days from the date of award, unless otherwise specified in the Special Provisions.
Signed and sealed this day of , 2026.
By: Principal
Surety
By: Attorney-In-Fact
APPROVED AS TO FORM:
/s/ Cortney D. Duke-Driessen Assistant County Counsel (06/2020)
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| Surety's Place of Business: |
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| Contractor: |
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File details come from the government source that posted it. Updated .