4-How991129B_25-08_DOCUMENT-EE_BidBond.pdf
PDF 91 KB Posted
- Attached to
- How991129B Nutrient Reduction Wetland
- Solicitation number
- 009-WRBWL-CY25-08
- Issued by
- Carroll County, Iowa
About this file
This document is a Proposal Guarantee (Bid Bond) from the Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality, for the Nutrient Reduction Wetland Project located in Section 29, Township 99 North, Range 11 West, Howard County, Iowa. The project is identified by Project ID How991129B and Bid No. 25-08. The bid bond serves as a financial guarantee that the principal bidder will enter into a contract if awarded and will provide a performance bond within 14 days of award approval.
The document outlines the conditions of the bid bond, which requires the principal to forfeit the specified penal sum if they fail to enter into the contract or provide the required performance bond. The bond is designed to protect the state's interests by ensuring the bidder's commitment to the project. While specific financial details are not completed in this template document, the bond represents a standard procurement mechanism to mitigate risk in public works projects, particularly for environmental and conservation infrastructure developments.
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Text version
How991129B Nutrient Reduction Wetland Project DOCUMENT EE Bid No. 25-08 PROPOSAL GUARANTEE (BID BOND)
EE-1
State of Iowa Iowa Department of Agriculture and Land Stewardship
DIVISION OF SOIL CONSERVATION AND WATER QUALITY
KNOW ALL PERSONS BY THESE PRESENTS:
That we, of as PRINCIPAL, and of as SURETY(S), are hereby held and firmly bound unto the State of Iowa in the penal sum of
____ /100 Dollars ($ ) for the payment, whereof, the said PRINCIPAL and SURETY(S) bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
The conditions of this obligation are such that whereas the PRINCIPAL is herewith submitting to the Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality, hereinafter called the DIVISION its sealed contract for the following:
Nutrient Reduction Wetland Project Section 29, Township 99 North, Range 11 West, Howard County, Iowa Project ID: How991129B Bid No. 25-08
NOW THEREFORE,
the conditions of this obligation are such that, if said proposal is rejected by the DIVISION, or if said proposal is accepted by the DIVISION and the PRINCIPAL shall enter into a contract in the form specified by the DIVISION in accordance with the terms of the Proposal and Schedule of Prices (Document CC) and shall furnish a bond for the faithful performance of said contract in the form specified by the DIVISION, this obligation shall be null and void. Otherwise, it shall remain in full force and effect.
In the event that the said proposal is accepted by the DIVISION and the PRINCIPAL fails to enter into the contract as defined herein or fails to furnish the performance bond as noted above, within fourteen (14) days of the approval of the award, the PRINCIPAL and SURETY(S) agree to forfeit to the DIVISION the penal sum herein mentioned, it being understood that the liability of the SURETY(S) shall in no event exceed the penal sum or this obligation.
IN WITNESS WHEREOF,
the above bounden parties have executed this instrument under their several seals this day of , 20____, the name and corporate seal of each party being hereto affixed and these presents duly signed by its undersigned representative pursuant to authority of its governing body.
PRINCIPAL SURETY
By By
Print Name:
If a partnership, all partners must sign.
END OF DOCUMENT EE
File details come from the government source that posted it. Updated .