Appendix B2 - Bid Bond.pdf

PDF 107 KB Posted

Attached to
DCC Replace Roofs, Living Units & Support Buildings, Phase III
Solicitation number
2023-054M22
Issued by
Eagle County, Colorado

About this file

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This document is a Bid Bond form from the State of Colorado's Office of the State Architect for the Colorado Department of Corrections / Facility Management Services, specifically for Project No. 2023-054M22, which involves replacing roofs for living units and support buildings at the Delta Correctional Center in Phase III. The bid bond serves as a proposal guaranty, requiring the principal (bidder) to maintain their proposal for 30 days after proposal opening and, if selected, to execute the required agreement and provide necessary documentation including performance bonds, insurance policies, and certifications.

The bid bond requires a proposal guaranty of 5% of the total bid price, which would be forfeited as liquidated damages if the principal defaults on their obligations. The document outlines specific requirements for corporate, individual, or partnership bidders, emphasizing the need for proper signatures, corporate seals, and an accompanying power of attorney. Failure to provide a properly executed bid bond with a valid power of attorney will result in the bidder's proposal being deemed non-responsive, underscoring the strict procedural requirements for this public infrastructure project.

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SBP-6.13

Rev 7/2025

STATE OF COLORADO

OFFICE OF THE STATE ARCHITECT

STATE BUILDINGS PROGRAM

BID BOND

Institution or Agency: Colorado Department of Corrections / Facility Management Services

Project No./Project Name: 2023-054M22 / Replace Roofs, Living Units & Support Buildings, Delta Correctional Center - Phase III

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

SBP-6.13

Rev 7/2025

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.

KNOW ALL MEN BY THESE PRESENTS:

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