Appendix B3_Bid Bond (SBP-6.14).docx
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- Solicitation number
- IFB1 GMAA 2026000154 2
- Issued by
- Denver County, Denver City, 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 Auraria Higher Education Center (AHEC) HVAC Infrastructure Replacement project (Project No. 2020-5P21). The project encompasses asbestos abatement work for two distinct phases: Central Classroom (Project A) and West Classroom (Project B) as part of a capital renewal initiative. Bidders are required to submit this bond as a condition of proposal submission, with the bond maintained in full force and effect for thirty (30) days after proposal opening. Upon acceptance of a proposal, the successful bidder must execute the required Agreement, furnish Performance Bond, Labor and Material Payment Bond, Insurance Policy, Certificates of Insurance, and Certification and Affidavit Regarding Illegal Aliens within a prescribed timeframe.
The Bid Bond must be executed in an amount equal to five percent (5%) of the bidder's total proposal price, which serves as liquidated damages should the Principal default on its obligations. The Principal and Surety are jointly and severally bound to the State of Colorado as Obligee for the specified bond amount in lawful United States currency. The bond document requires proper execution based on the Principal's business structure: corporate bids must be signed by an officer (President or Vice President) with attestation by the Secretary and corporate seal; individual or partnership bids must be signed accordingly. Critically, the bond must be accompanied by a properly executed Power of Attorney that is effectively dated; failure to provide both a properly executed Bid Bond and Power of Attorney will result in the bidder's proposal being deemed non-responsive.
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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: 2020-5P21 / AHEC HVAC Infrastructure Replacement (Capital Renewal) – Asbestos Abatement for Central Classroom (Project A) and West Classroom (Project B)
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., 2026.
(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 .