Appendix D - Sample State Bid Bond Form.docx
DOCX document 21 KB Posted
- Attached to
- Carpios Ridge Restroom Replacement - C26TR1
- Solicitation number
- IFB1 PMAA 2027000010 1
- Issued by
- El Paso County, Colorado Springs City, Colorado
About this file
This is a sample state bid bond form document provided by the State of Colorado for use in the Carpios Ridge Restroom Replacement project (C26TR1). The form serves as a template for bidders to understand the bonding requirements and format expected for submission with their proposals. The bid bond is a standard financial instrument required to accompany bids on public construction projects, ensuring that bidders have the financial capacity and commitment to enter into a contract should their bid be selected for award.
The sample form establishes the structure and language that bidders must follow when obtaining their bid bonds from surety companies. It typically includes provisions identifying the obligor (bidder), the obligee (the State of Colorado or relevant local jurisdiction), and the penal sum amount that the bond must cover, usually calculated as a percentage of the total bid amount. The document outlines the conditions under which the bond may be forfeited, including scenarios where a successful bidder fails to execute the contract or provide required performance and payment bonds. This template ensures consistency across all bids received and clarifies bonding expectations prior to the bidding process.
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Other files
| File | Type | Posted |
|---|---|---|
| Appendix E - SC622PerfBond (DNR) (1).docx | DOCX document | |
| Appendix B - 2018 CPW GCs 071818 FINAL.pdf | ||
| BID DOCUMENTS C26TR1.pdf | ||
| Appendix A - Drawings Bid Set.pdf | ||
| Appendix C - Sample Construction Agreement (June 2024) .docx.pdf | ||
| Appendix F - SC6221LMBond (1).docx | DOCX document |
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Text version
STATE OF COLORADO
OFFICE OF THE STATE ARCHITECT
STATE BUILDINGS PROGRAM
BID BOND
Institution/Agency:
Project No./Name:
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 (including city, state and zip)
Secretary
Phone number:
Name (Print)
Signature
Name (Print) and Title
SIGNATURES 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.
State Form SBP-6.14 Rev. 10/2006 image1.png image2.png
File details come from the government source that posted it. Updated .