26059 Avon Rd Crosswalk Improvements - Bid Bond.pdf
PDF 52 KB Posted
- Attached to
- Avon Rd I-70 & US-6 Crosswalk Improvements
- Solicitation number
- CIP - 32030
- Issued by
- Eagle County, Colorado
About this file
The document is a Bid Bond for the Town of Avon, Colorado, related to the Avon I-70 & US-6 Crosswalk Improvements project, with a State Aid Project Number SHO 006A-074 and Project Control Number 26059. The project involves installing rectangular rapid flashing beacons and reconstructing curb ramps to meet ADA compliance at nine pedestrian crossings on Avon Road from the I-70 Interchange to US-6. The estimated construction period is from September 2, 2025, to Fall 2025.
The bid bond serves as a financial guarantee that the principal (contractor) will enter into the contract if awarded and will perform all required obligations, including providing payment bonds for labor and materials. The bond ensures the town is protected if the bidder fails to fulfill contractual requirements. The surety must be listed on the Treasury Department's current list (Circular 570) and authorized to do business in Colorado. The project has specific requirements for equal employment opportunity reporting and adherence to Title VI of the Civil Rights Act, with an emphasis on providing fair opportunities for disadvantaged business enterprises.
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Text version
BB-1
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned, as Principal, and
(Name and Address of Contractor) as Surety, are hereby
(Name and Address of Contractor) held and firmly bound into Town of Avon, Colorado as Owner in the penal
(Name of Owner) sum of for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves, successors, and assigns.
Signed, this day of , 2025.
The Condition of the above obligation is such that whereas the Principal has submitted to a certain BID, attached hereto and hereby made a part hereof to enter a contract in writing, for the Avon I-70 & US-6 Crosswalk Improvements – Eagle
County – State Aid Project No. SHO 006A-074 – Project Control Number 26059.
NOW THEREFORE,
(a) If said BID shall be rejected, or
(b) If said BID shall be accepted and the Principal shall execute and deliver a contract in the form of Contract attached hereto (properly completed in accordance with said BID) and shall furnish a BOND 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 void, otherwise the same shall remain in force and effect; it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated.
The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its BOND shall be in no way impaired or affected by an extension of the time within which the
Owner may accept such BID; and said Surety does hereby waive notice of any such extension.
BB-2
IN WITNESS WHEREOF, the Principal and the SURETY have hereunto set their hands and seals, and such of them as are corporations have caused their corporate seals to be hereto affixed and these presents to be signed by their officers, the day and the year first set forth above.
(Principal, Contractor)
By:
IMPORTANT: Surety Companies executing BONDS must appear on the Treasury Department’s most current list (Circular 570 as amended) and be authorized to transact business in the State of
Colorado.
File details come from the government source that posted it. Updated .