11-Bid Bond Form.docx
DOCX document 27 KB Posted
- Attached to
- KTA TOWANDA SERVICE AREA LAGOON DESLUDGING
- Solicitation number
- 260715-00
- Issued by
- Butler County, Kansas
About this file
This is a Bid Bond Form for the Kansas Turnpike Authority (KTA) related to the Desuludge Towanda Service Area Wastewater Lagoons project (Contract No. 260715-00). The bond secures a bidder's commitment to execute the contract upon acceptance of their bid. The work involves the removal of accumulated sludge from lagoon cell #1 within the KTA's existing three-cell controlled discharge wastewater treatment facility at the Towanda Service Area located at Mile Marker 65 on I-35, along with land application of the liquid sewage sludge. The contract will become effective upon final execution by both parties and satisfaction of KTA Contractual Provisions Form No. 236 and all applicable legal requirements.
The bid bond amount equals five percent (5%) of the total bid price and must be submitted with the bid. The bond binds both the principal (bidder) and surety agency jointly and severally to the KTA as obligee. The bond obligation becomes null and void if the principal executes and delivers the contract as specified by KTA, furnishes a performance and payment bond, and performs all other requirements established by bid acceptance. The surety agency must be a corporation authorized to conduct business in the State of Kansas. The KTA seeks a well-managed, financially stable contractor with demonstrated technical abilities and high levels of customer service to manage this project.
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Text version
BID BOND
KNOW ALL PERSONS BY THESE PRESENTS, that [PRINCIPAL] as Principal, and [SURETY AGENCY], a corporation organized under the laws of the State of [SURETY STATE], and duly authorized to do business in the State of Kansas, are held and firmly bound unto the Kansas Turnpike Authority, as obligee, in the sum of [Five Percent (5%)] of the amount of the total bid for the work described below, for the payment of which well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
The condition of this bond is such that, whereas said Principal is herewith submitting its bid including all related alternates and combined bids for the following work:
Type of Work: Desuludge Towanda Service Area Wastewater Lagoons Project Name: Contract No 260715-00 NOW THEREFORE, if the said bid is accepted by the Kansas Turnpike Authority, and the Principal shall execute and deliver a Contract in the form specified by the Kansas Turnpike Authority (properly completed in accordance with said bid) and shall furnish a bond for the Principal's 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 null and void; otherwise it shall remain in full force and effect.
IN WITNESS WHEREOF, the Principal and Surety have executed this instrument under their several seals this ______ day of __________________, 20____.
| Principal: |
| Surety: |
| ____________________________________ |
| ____________________________________ |
| By: ___________________________________ |
| By: ___________________________________ |
| (Signature) |
| (Signature) |
Title:
Title:
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