6._Bidders_Bond.pdf
PDF 72 KB Posted
- Attached to
- International Hall Exterior Stair Replacement
- Solicitation number
- 0000039088
- Issued by
- Sonoma County, Sonoma City, Sonoma State University CDP, California
About this file
This is a Bidders Bond document issued by the Trustees of the California State University for Project No. SSU-IFB-00000805. The project involves the International Hall Exterior Stair Replacement at Sonoma State University, located at 1801 E. Cotati Avenue, Rohnert Park, California 94928. The bond serves as a guarantee that the awarded contractor will execute a written contract in accordance with the submitted bid and file the required performance and payment bonds as mandated by law within the prescribed timeframe and manner following contract award.
The bidders bond is established at ten percent (10%) of the total bid amount, with the surety's liability capped at this percentage. The bond obligates the principal contractor and surety jointly and severally to the Trustees, with the condition that the bond becomes null and void upon the contractor's execution of the written contract and filing of the required performance and payment bonds. In the event of litigation, the surety is responsible for all costs incurred by the Trustees in pursuing a claim against the bond. The document requires proper acknowledgment of signatures executed on behalf of the surety.
View the file
Other files
Show all 18
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
BIDDERS BOND
Counterpart No.
Project No. SSU-IFB-00000805
Know All Persons by These Presents:
THAT WE
as Principal, and as Surety, are held and firmly bound unto the Trustees of the California State University hereinafter called the Trustees, in the penal sum of TEN PERCENT (10%) OF THE TOTAL AMOUNT OF THE BID of the Principal above named, submitted by said Principal to the said Trustees for the work described below, for the payment of which sum in lawful money of the United
States, well and truly to be made, we bind ourselves, our heirs, executors, administrators and successors, jointly and severally, firmly by these presents.
IN NO CASE shall the liability of the Surety hereunder exceed the sum of 10% of Bid.
THE CONDITION of this obligation is such that:
WHEREAS, the Principal has submitted the above-mentioned bid to the Trustees for certain construction specifically described as follows, for which bids are to be opened at on at for contract
Project Description
International Hall Exterior Stair Replacement located at Sonoma State University
1801 E. Cotati Avenue, Rohnert Park, CA 94928
NOW, THEREFORE, if the aforesaid Principal is awarded the contract, and, within the time and manner required under the specifications, after the prescribed forms are presented to the principal for signature, enters into a written contract, in the prescribed form, in accordance with the bid, and files the two bonds with the Trustees, one to guarantee faithful performance and the other to guarantee payment for labor and materials, as required by law, then this obligation shall be null and void, otherwise, it shall be and remain in full force and virtue.
In the event suit is brought upon this bond by the Obligee and judgment is recovered, the Surety shall pay all costs incurred by the Obligee in such suit.
IN WITNESS WHEREOF, We have hereunto set our hands and seals on this day of , 20
CONTRACTOR Contractor Name:
AS
PRINCIPAL Contractor Address: (SEAL)
By:
SURETY Surety Name:
Surety Address: (SEAL)
By:
Signatures executed in behalf of the Surety must be properly acknowledged.
Construction Mgmt.
702.09A • 10/06
File details come from the government source that posted it. Updated .