3-03-Exhibit B-3 Bid Bond Form 2026 Micro Surfacing 26-3444.pdf
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- Attached to
- 2026 Micro Surfacing Type II & III
- Solicitation number
- 26-3444
- Issued by
- Deschutes County, Oregon
About this file
This is a Bid Bond Form for the City of Bend, Oregon, related to the 2026 Micro Surfacing Type II & III Street Preservation Project No. ST26MS, Solicitation No. 26-3444. The project involves applying highly modified emulsified asphalt (HIMA) micro surfacing to city streets, encompassing approximately 34,135 square yards of Type III micro surfacing for rut filling and approximately 78,515 square yards (9 lane miles) of Type II micro surfacing as a lane seal. Bidders must submit sealed bids in response to this solicitation, with specific contract execution and bonding requirements outlined in the bid documents.
The bid bond must be issued in an amount equal to 5 percent of the bid price and serves as security for the contractor's obligation to execute the contract and provide required performance and payment bonds if awarded. Bidders may either submit a surety bid bond using this form or an alternative form meeting the same requirements, or alternatively submit cash security in the form of cash, certified check, or cashier's check. The bid bond obligation is released upon the contractor's execution of the contract with required performance and payment bonds or if the contractor is not awarded the contract. If the contractor fails to sign the contract, provide required bonds, or pay the 5 percent penalty, the surety is obligated to pay the bid bond amount to the City of Bend.
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Text version
B-3 BID BOND FORM
BID BOND
This Bid Bond is issued by ______________________, as Contractor (“Principal”), and _______________________________________________ as surety (“Surety”) are bound to the City of Bend (City) in the amount of 5 percent of Bid amount to secure Principal’s execution of a Contract if City awards a contract to Principal based on Principal’s Bid.
If City awards Principal a contract for any portion of the 2026 Micro Surfacing Type II & III – Project No. ST26MS, Solicitation No. 26-3444, Principal shall enter into the contract according to the terms of Principal’s Bid and provide performance and payment bonds. If Principal fails to do so, it shall pay City the amount stated above. If Principal does not enter into the contract secured by performance and payment bonds and does not pay the amount stated above, Surety shall pay to City the amount stated above. The obligations of Principal and Surety under this Bid Bond shall be released if Principal signs the required contract and provides the required performance and payment bonds or if the Principal is not awarded the Contract.
SIGNED, SEALED AND DATED THIS _______ DAY OF ___________, 20________.
Principal_______________________________
Surety_________________________________
(Bidders may use an alternate Bid bond form, so long as it provides for payment by a surety of 5 percent of the Bid price if the Bid is awarded and bidder fails to sign the contract, provide required bonds, or pay the 5 percent penalty.)
Bidders may submit cash security (cash or certified or cashier’s check) rather than a Bid bond.
File details come from the government source that posted it. Updated .