Appendix B2 - Bid Bond SCCF Dementia Unit Improvements.pdf
PDF 108 KB Posted
- Solicitation number
- IFB1 CAAA 2027000030 2
- Issued by
- El Paso County, Colorado Springs City, Colorado
About this file
This is a Bid Bond document issued by the State of Colorado Office of the State Architect State Buildings Program for the Colorado Department of Corrections Facility Management Services, specifically for the Dementia Unit Improvements project at San Carlos Correctional Facility (Project No. ADA27-001). The bid bond serves as a proposal guaranty and represents a commitment from bidders participating in this Invitation for Bid (IFB1). Bidders must submit this bond as a condition of proposal submission, with the bond amount set at five percent (5%) of the total bid price. The principal must maintain their proposal in full force and effect for thirty (30) days following proposal opening. If a proposal is accepted, the principal must execute the required agreement, furnish performance and labor/material payment bonds, provide insurance documentation, and submit certification regarding illegal aliens within prescribed timeframes.
The bid bond specifies that failure to meet these conditions will result in forfeiture of the bond amount as liquidated damages. The surety company executing the bond must be duly authorized to transact business in Colorado and must provide a properly executed power of attorney, effectively dated. The document emphasizes that failure to provide a properly executed bid bond accompanied by a properly executed power of attorney will render the bidder's proposal non-responsive. For corporations, the bond must be signed by an officer such as the President or Vice President and attested by the Secretary with corporate seal; for individuals or partnerships, appropriate signatures are required per entity type. This standard bonding requirement ensures financial commitment and compliance assurance from all bidders on the project.
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Text version
SBP-6.14
Rev 7/2025
FSTATE 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: ADA27-001 / Dementia Unit Improvements, San Carlos Correctional Facility
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-6.14
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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