Appendix B2 SBP-6.14 Bid Bond_2025.docx
DOCX document 35 KB Posted
- Solicitation number
- IFB1 BDAA 2027000032 3
- Issued by
- Boulder County, Colorado
About this file
This is a Bid Bond template document issued by the State of Colorado Office of the State Architect, State Buildings Program, for the Colorado Department of Agriculture's Insectary Foundation Repair project (Project No. 2027-034M26). The bid bond serves as a proposal guaranty requirement for contractors submitting proposals for this state construction project. Bidders are required to submit the bid bond with their proposal and must maintain their proposal in full force and effect for thirty (30) days following the opening of proposals. If a bidder's proposal is accepted, the bidder must execute the required agreement, furnish performance and labor/material payment bonds, provide insurance documentation, and submit certification regarding illegal aliens within the prescribed timeframe.
The bid bond amount is set at five percent (5%) of the bidder's total bid price and serves as liquidated damages in the event the principal defaults on specified obligations. The bond must be executed by the principal (bidder) and accompanied by a surety corporation authorized to conduct business in Colorado. The bond must include proper execution signatures attested by appropriate corporate officers and sealed, with specific execution requirements varying based on whether the principal is a corporation, individual, or partnership. 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 template was revised in July 2025.
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Text version
STATE OF COLORADO
OFFICE OF THE STATE ARCHITECT
STATE BUILDINGS PROGRAM
BID BOND
Institution or Agency: Colorado Department of Agriculture Project No./Project Name: 2027-034M26 / Insectary Foundation Repair
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 .