2025-214_Solicitation_Bond_form.pdf

SOLICITATION BOND

STATE OF MINNESOTA

DEPARTMENT OF ADMINISTRATION

SOLICITATION BOND TO ACCOMPANY CONSTRUCTION

AND MAINTENANCE RESPONSES

KNOW ALL MEN BY THESE PRESENTS, that we as Principal, and as Surety, are held and firmly bound unto the State of Minnesota as Obligee, in the sum of 5% of the bid amount for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, and firmly by these presents.

Dated this ____ day of _________ A. D. 20____.

The condition of this obligation is such that whereas the Principal has submitted the accompanying response for the articles described in Solicitation # & Solicitation Name:

2025-214 Bemidji & Brainerd Tanker Base Asphalt Sealing

NOW, THEREFORE, if the aforesaid Principal shall be awarded a contract upon said response, and shall within the required number of days after the notice of such award, enter into a contract with the State of Minnesota, and give bond for the faithful performance of the contract as may be required, then this obligation shall be null and void; otherwise the Principal and Surety will pay unto the Obligee the sum of 5% of the bid amount not as a penalty, but as liquidated damages sustained by the State of Minnesota as a result of such failure.

Principal

Signature

Title

Surety

Attorney-in-fact

INDIVIDUAL AND CO-PARTNERSHIP ACKNOWLEDGMENT

STATE

COUNTY

On this day of , 20 before me personally appeared to me known to be the person(s) described in and who executed the foregoing bond, and acknowledged that he/she/they executed the same as a free act and deed.

(Notarial Seal) (Notary Signature)

LIMITED LIABILITY COMPANY ACKNOWLEDGMENT FOR PRINCIPAL

COUNTY

On this day of , 20 before me appeared and , to me personally known, who being by me duly sworn, did say that they are respectively and of , a Limited Liability

Company; and that said instrument was executed on behalf of the Limited Liability Company by authority of its

Management Committee; and they acknowledged said instrument to be the free act and deed of the Limited

Liability Company.

CORPORATE ACKNOWLEDGMENT FOR PRINCIPAL

COUNTY

On this day of , 20 before me appeared and , to me personally known, who being by me duly sworn, did say that they are respectively and of , a Corporation; and that said instrument was executed on behalf of the Corporation by authority of its Board of Directors; and they acknowledged said instrument to be the free act and deed of the Corporation.

AFFIX HERE ACKNOWLEDGMENT OF CORPORATE SURETY

The form of this bond has been prescribed by the Commissioner of Administration and approved by the Attorney General of Minnesota.

Full Name of Surety Co.

Home Office Address (Street)

City, State and ZIP Code

Name of Attorney-in-fact

Name of Local Agency

Address of Local Agency (Street)

City, State and Zip Code