ATT B S 63500 00015242 Bid Bond Form for Pilcher Timber Sale.pdf
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- Attached to
- Pilcher Timber Sale - ODFW Elkhorn Wildlife Area
- Solicitation number
- S-63500-00015242
- Issued by
- Umatilla County, Oregon
About this file
This is a State Bid Bond Form for the Pilcher Timber Sale, issued by the State of Oregon Department of Administrative Services in response to Invitation to Bid (ITB) #S-63500-00015242. The bid bond form is required for the timber harvest contract on 253 acres of the Elkhorn Wildlife Area located in Union County, Eastern Oregon, under the management of the Oregon Department of Fish and Wildlife. The bond serves as bid security and must be executed by the Principal (bidder) and a Surety authorized to conduct surety business in Oregon. The form establishes the Principal's commitment to enter into the contract and execute all required performance and payment bonds and proof of insurance within the timeframes specified in the procurement documents if the bid is accepted and awarded.
The bid bond amount must equal ten (10) percent of the total bid amount, as required by ORS 279B.055 for competitive sealed bidding. The bond obligation becomes void upon Principal's execution of the contract and delivery of the required performance and payment bonds and insurance documentation within the specified timeframes. If these conditions are not met, the bond remains in full force and effect, ensuring the State of Oregon is protected against Principal's failure to execute the contract or provide required securities. The form requires completion of Principal and Surety information, bond amount, procurement document number, project identification, execution date, and authorized signatures from both parties.
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Text version
OregonBuys ITB #S-63500-00015242 Pilcher Timber Sale
DAS Form (3/05) GENL8396
ATTACHMENT B
STATE OF OREGON
BID BOND FORM
We, _____________________________________, as “Principal,” (Name of Principal) and ___________________________________, an _________________ Corporation, (Name of Surety) authorized to transact Surety business in Oregon, as “Surety,” hereby jointly and severally bind ourselves, our respective heirs, executors, administrators, successors and assigns to pay unto the State of Oregon (“Obligee”) the sum of ($____________________________)
_________________________________________________________________ dollars.
WHEREAS, the condition of the obligation of this bond is that Principal has submitted its proposal or bid to an agency of the Obligee in response to Obligee’s procurement document (No. __________________) for the project identified as:
_____________________________________________________________________ which proposal or bid is made a part of this bond by reference, and Principal is required to furnish bid security in an amount equal to ten (10%) percent of the total amount of the bid pursuant to the procurement document and ORS 279B.055 for competitive sealed bidding.
NOW, THEREFORE, if the proposal or bid submitted by Principal is accepted, and if a contract pursuant to the proposal or bid is awarded to Principal, and if Principal enters into and executes such contract within the time specified in the procurement document and executes and delivers to Obligee its good and sufficient performance and payment bonds required by Obligee, as well as any required proof of insurance, within the time fixed by Obligee, then this obligation shall be void; otherwise, it shall remain in full force and effect.
IN WITNESS WHEREOF, we have caused this instrument to be executed and sealed by our duly authorized legal representatives this ________________day of _________________________, 20__.
PRINCIPAL: ______________________________ SURETY: __________________________
By________________________________________ BY ATTORNEY-IN-FACT:
Signature
Official Capacity Name
Attest: ____________________________________ ___________________________________ Corporation Secretary Signature
Address
City State Zip Phone Fax
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