Appendix B3 - Bid Bond DRDC Security Replacement.pdf
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- Solicitation number
- IFB1 CBAA 2027000022 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. The project involves the DRDC Electric Security System Replacement (Project No. 2025-008M25). Bidders are required to submit a bid bond guaranty equal to five percent (5%) of their total proposal price as a condition of bid submission. The bid bond must remain in 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 a 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 serves as a guarantee that the bidder will comply with all contractual obligations. Failure to maintain the bid bond or provide a properly executed bid bond accompanied by a current Power of Attorney will result in the bidder's proposal being deemed non-responsive. The bond amount is forfeited as liquidated damages in the event of principal default. The bid bond must be executed by an authorized corporate officer (President or Vice President) with attestation by the Secretary and corporate seal for corporate entities, or properly signed by individuals or partnerships as applicable.
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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: 2025-008M25 / DRDC Electric Security System Replacement
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
SBP-6.14
Rev 7/2025
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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