Appendix B2 - Bid Bond - 7th St Garage Repairs SBP-6.14.docx
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- Solicitation number
- IFB1 GMAA 2027000031 2
- Issued by
- Denver County, Denver City, Colorado
About this file
This is a Bid Bond document issued by the Colorado Office of the State Architect, State Buildings Program, for the Auraria Higher Education Center's 7th Street Garage High-Priority Structural Repairs project (Project No. P1004332). The bid bond serves as a proposal guaranty required as a condition of bid submission. Bidders must maintain their proposals in full force and effect for thirty (30) days after proposal opening. If a proposal is accepted, the principal must execute the required Agreement, furnish the required Performance Bond, Labor and Material Payment Bond, Insurance Policy, Certificates of Insurance, and Certification and Affidavit Regarding Illegal Aliens within the prescribed timeframe.
The bid bond amount is set at five percent (5%) of the principal's total bid price, which constitutes liquidated damages in the event of default. The bond must be executed by the principal and a surety corporation authorized to transact business in Colorado and signed according to entity type: corporate bids require signature by an officer (President or Vice President) attested by the Secretary with corporate seal, while individual or partnership bids must be properly signed accordingly. A properly executed Power of Attorney, effectively dated, must accompany the bid bond; failure to provide both documents will result in the bidder's proposal being deemed non-responsive. The document is form SBP-6.14, revised July 2025.
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Text version
STATE OF COLORADO
OFFICE OF THE STATE ARCHITECT
STATE BUILDINGS PROGRAM
BID BOND
Institution or Agency: Auraria Higher Education Center Project No./Project Name: P1004332 / 7th St. Garage High-Priority Structural Repairs
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, hereinafter called the “PRINCIPAL”, is submitting a PROPOSAL for the above described project, to the STATE OF COLORADO, hereinafter called the “OBLIGEE”.
WHEREAS, the Advertisement for Bids has required as a condition of receiving the Proposals that the Principal submit with the PROPOSAL GUARANTY in an amount not less than five per cent (5%) of the Proposal, which sum it is specifically agreed is to be forfeited as Liquidated Damages in the event that the Principal defaults in his obligation as hereinafter specified, and, in pursuance of which Requirement, this Bid is made, executed and delivered.
NOW THEREFORE, the Principal and a corporation of the State of , duly authorized to transact business in Colorado, as Surety, are held and firmly bound unto the Obligee, in the sum of five per cent (5%) of the Principal’s total bid price, lawful money of the United States for the payment of which sum, well and truly to be made to the Obligee, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
FURTHER THAT, a condition of the obligation that the Principal shall maintain his Proposal in full force and effect for thirty (30) days after the opening of the proposals for the project, or, if the Principal’s Proposal is accepted, the Principal shall, within the prescribed time, execute the required Agreement, furnish the required Performance Bond, Labor and Material Payment Bond, Insurance Policy, Certificates of Insurance and Certification and Affidavit Regarding Illegal Aliens, then this obligation shall be null and void, otherwise it shall remain in full force and effect, and subject to forfeiture upon demand as Liquidated Damages.
IN WITNESS WHEREOF said Principal and Surety have executed this Bond, this ____ day
| of ________________________, A.D., 20 | . | |
| (Corporate Seal) | THE PRINCIPAL |
Company Name
| ATTEST | _________________________________________________ | ||
| Address | |||
| _________________________________________________ | |||
| City, State Zip Code |
| By ________________________________________ | _________________________________________________ | |
| Name (Print) | Signature |
Name (Print) and Title 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.
| (Corporate Seal) | THE SURETY | |
| _________________________________________________________ |
| ____________________________________________ | By_________________________________________________ | |
| Secretary | Attorney-in-Fact |
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 WILL RESULT IN THE BIDDER’S PROPOSAL BEING DEEMED NON-RESPONSIVE.
SBP-6.14
Rev 7/2025 image1.jpeg
File details come from the government source that posted it. Updated .