2025_828_Solicitation_Bond.pdf
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- Attached to
- DNR-RFB Beltrami Island Forest Spot Graveling
- Solicitation number
- 2000016991
- Issued by
- Lake County, Minnesota
About this file
The document is a Solicitation Bond for Solicitation No. 2025-828 for Beltrami Island Forest Spot Graveling, issued by the State of Minnesota Department of Administration on 4/8/2025. This solicitation bond is a standard form accompanying construction and maintenance responses, requiring the principal (bidder) to provide a bond equal to 5% of the bid amount. The bond ensures that if the principal is awarded the contract, they will enter into an agreement with the State of Minnesota within the required timeframe and provide performance bonds as required.
The bond serves as a financial guarantee that protects the State of Minnesota in case the awarded bidder fails to fulfill their contractual obligations. If the principal does not enter into the contract or provide the necessary performance bonds, the surety and principal are jointly liable to pay the state 5% of the bid amount as liquidated damages. The document provides acknowledgment sections for individual, co-partnership, limited liability company, and corporate principals, allowing for flexibility in the types of businesses that can bid on the spot graveling project.
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Text version
Solicitation No. 2025-828 Beltrami Island Forest Spot Graveling
4/8/2025
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 2025-828 Beltrami Island Forest Spot Graveling.
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
File details come from the government source that posted it. Updated .