4-Appendix B PROPOSAL BOND FORM.pdf
PDF 331 KB Posted
- Solicitation number
- GA-2025-706-HHH-GB
- Issued by
- Bernalillo County, Albuquerque City, New Mexico
About this file
This document is a Proposal Bond Form for a project related to Opioid Settlement Funds, issued by the City of Albuquerque, New Mexico. The form is a standard legal template designed to accompany a bid proposal, requiring the contractor to provide a bond equal to 5% of the bid amount. The bond serves as a guarantee that if the contractor is awarded the contract, they will enter into the agreement and provide the necessary performance and payment bonds, or else pay a penalty to the city.
The bond protects the City of Albuquerque by ensuring that if the contractor fails to fulfill their contractual obligations, the city can recover costs associated with finding an alternative contractor to complete the work. The specific project details, including the project name, contractor, and surety information, are left blank to be filled in at the time of bidding. The document is part of the procurement process for a project funded through Opioid Settlement Funds, with the document number GA-2025-706-HHH-GB indicating a specific tracking or reference code for the procurement.
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Other files
| File | Type | Posted |
|---|---|---|
| 2-Appendix A-2 Services Cost Proposal Forms.xlsx | XLSX spreadsheet | |
| 5-Appendix C General Contractor Statement of Qualifications.pdf | ||
| 3-Final RFP 10 million opioid (002)(SAS) eb gb714 eb gb716...pdf | ||
| 1-Appendix A-1 Construction Cost Proposal Sample Form.xlsx | XLSX spreadsheet | |
| 7-Addendum 1 GA-2025-706-HHH-GB.doc | DOC document | |
| 6-Addendum 1 GA-2025-706-HHH-GB.doc | DOC document |
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Text version
GA-2025-706-HHH-GB Opioid Settlement Funds 29
Appendix B
PROPOSAL BOND FORM
PROJECT NAME:
KNOW ALL MEN BY THESE PRESENTS:
THAT ______________________________________________________, as Principal, hereinafter called the Contractor, and ________________________________________, a corporation duly organized and existing under and by virtue of the laws of the State of _______________________ and authorized to do business in the State of New Mexico as Surety, hereinafter called the Surety, are held and firmly bound unto the City of Albuquerque, New Mexico as Obligee, hereinafter called the City, in the sum of five percent (5%) of the amount bid 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, firmly by these presents.
WHEREAS, the Contractor has submitted the accompanying Bid Proposal dated ____________________, for the above-referenced Project, which Bid Proposal is by reference made a part hereof and is hereinafter referred to as the Bid.
NOW, THEREFORE, the condition of this obligation is such that, if the Owner shall accept the Bid of the Contractor and the Contractor shall enter into a Contract with the Owner in accordance with the terms of such Bid, and give such bond or bonds as may be specified in the Bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Contractor to enter into such Contract and give such bond or bonds, if the Contractor shall pay to the City the difference not to exceed the penalty hereof between the amount specified in said Bid and such larger amount for which the Owner may in good faith contract with another party to perform the Work covered by said Bid, then this obligation shall be null and void, otherwise to remain in full force and effect.
Signed and Sealed this _______ day of __________________________________.
ATTEST:
Contractor By:
______________________________ Title: __________________________
ATTEST:
Surety By: ____________________________ ______________________________ Title: ___________________________
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