6 - River View Sewer Express Line - Bid Bond.doc
DOC document 69 KB Posted
- Attached to
- River View Sewer Improvements
- Solicitation number
- SM-030
- Issued by
- Gilpin County, Colorado
About this file
This document is a Bid Bond for the Town of Gypsum, Colorado, related to the River View Sewer Improvements project. The project involves constructing approximately 3,000 linear feet of a new 24" sewer express line from Highway 6 to a new wastewater treatment plant, traversing the Eagle River Estates neighborhood. The installation will also include an 8" raw water pumpback line, to be placed in the same trench. The project anticipates challenging excavation conditions, including groundwater and cobbles, with potential trench depths reaching up to 20 feet. After pipe installation, the project scope includes trench restoration with new asphalt pavement.
The Bid Bond represents a financial guarantee, requiring the principal (bidder) to submit security of at least 5% of the maximum bid price. This document serves as a commitment that if the bid is accepted, the principal will enter into the agreement and provide the specified contract bonds. The bond will be forfeited as liquidated damages if the principal defaults on their obligations. While specific bid dates and contract award details are not explicitly stated in this document, the bond is dated for the year 2025, indicating the project is planned for that timeframe. The bond emphasizes the importance of proper execution, warning that failure to provide a correctly executed Bid Bond with a power of attorney may result in the proposal being deemed non-responsive.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 5 - River View Sewer Express Line - Bid Form.docx | DOCX document | |
| 3 - 2024-04-28 - River View Express Line - Bid Sheet.xls | XLS spreadsheet | |
| 4 - 2025-04-28 - River View Express Line - Bid Sheet.pdf | ||
| 2 - PLANS - 04-23-2025 - RiverViewSewerImprv_BidSet_Phase1.pdf | ||
| 7 - River View Sewer Express Line - Short Form Agreement.docx | DOCX document | |
| 9 - PERFORMANCE AND WARRANTY BOND.doc | DOC document | |
| 8 - Project Manual - 04-28-2025.pdf | ||
| 1- Invitation to Bid- Web Posting for 2025-04-28.docx | DOCX document |
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
BID BOND
| STATE OF COLORADO |
| ) |
| ) |
| ss. KNOW ALL MEN BY THESE PRESENTS: |
| COUNTY OF ____________________ |
| ) |
That we, ______________________________________________________________ of the City of ______________________, County of _________________________ and State of __________________________ (hereinafter called “Principal”), as Principal, and _____________________________________________________ (hereinafter called “Surety”), as Surety, authorized under the laws of the State of Colorado to act as surety on bonds for principals, are held and firmly bound unto Town of Gypsum (hereinafter called “Owner”), as Obligee, in the sum of _________________________________ Dollars ($____________) in lawful money of the United States for payment of which sum the Principal and Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally and firmly by these presents.
WHEREAS, Principal has submitted a Bid Form (Proposal) to enter into a certain written agreement with Owner for Construction of River View Sewer Improvements hereinafter referred to as “Agreement.”
WHEREAS, the Instructions to Bidders has required as a condition of receiving the Bid Form that the Principal submit Bid security in an amount not less than five per cent (5%) of the Bidder’s maximum Bid Price, which sum it is specifically agreed to be forfeited as liquidated damages in the event that the Principal defaults in its obligation as hereinafter specified, and, in pursuance of which requirement, this Bid Bond is made, executed and delivered.
NOW, THEREFORE, the condition of this obligation is such that if Owner shall accept the Bid Form (Proposal) of the Principal, and Principal shall faithfully enter into Agreement with the Owner in accordance with the terms of such Bid and give such Bonds as are specified in the Contract Documents, then this obligation shall be null and void, otherwise to remain in full force and effect.
The sum of this Bid Bond shall be forfeited to Owner in its entirety as liquidated damages and not as a penalty upon Principal’s default.
The Surety, for value received, hereby stipulates and agrees that the obligation of said Surety and its Bond in no way shall be impaired or affected by any extension of the time within which the Owner may accept such Bid Form (Proposal); and Surety does hereby waive notice of any such extension.
Signed and sealed this ______ day of _____________, 2025.
PRINCIPAL:
ATTEST:
By:
Secretary
(Address)
SIGNATURES
If the Principal is doing business as a Corporation, the Bid Bond shall be signed by an officer, i.e., President or Vice President. The signature of the officer shall be attested to by the Secretary and properly sealed.
If the “Principal” is an individual or a partnership, the Bid Bond shall so indicate and be properly signed.
SURETY:
By:
Secretary
Attorney in Fact
(Address)
Surety’s Telephone No.:
THIS BOND MUST BE ACCOMPANIED BY POWER OF ATTORNEY, EFFECTIVELY DATED. FAILURE TO PROVIDE A PROPERLY EXECUTED BID BOND WITH A PROPERLY EXECUTED POWER OF ATTORNEY MAY RESULT IN THE BIDDER’S PROPOSAL BEING DEEMED NON-RESPONSIVE.
X:\Engineering\Town Projects\ \ Web Posting-2023\Bid Bond.DOC
File details come from the government source that posted it. Updated .