Bid Bond Document EE.pdf
PDF 188 KB Posted
- Attached to
- 26-07 Floe971628B (Floyd)
- Solicitation number
- 26-07 Flo971628B (Floyd)
- Issued by
- Dubuque County, Iowa
About this file
This is a Bid Bond Document (Proposal Guarantee) issued by the State of Iowa, Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality for the Nutrient Reduction Wetland Project located in Section 28, Township 97 North, Range 16 West, Floyd County, Iowa (Project ID: Flo971628B, Bid No. 26-07). The project involves selective clearing, excavation, grading, steel sheetpile installation, tile installation, water control structures, riprap placement, concrete grouting, seeding, and erosion control measures. Work scope includes approximately 10,800 cubic yards of earthwork, installation of 1,202 square feet of steel sheetpile, 1,977 linear feet of tile, 437 tons of riprap, 44.5 tons of granular foundation material, 87 cubic yards of concrete grout, 175 linear feet of straw wattle, and 430 linear feet of silt fence, with seeding across 7.1 acres. Construction must be completed by June 15, 2027, with structure seeding by September 15, 2027, and buffer seeding by June 30, 2027.
The bid bond serves as a proposal guarantee requiring the principal and surety to forfeit the penal sum to the State of Iowa if the proposal is accepted but the principal fails to enter into the contract or furnish the required performance bond within fourteen days of award approval. The estimated construction cost range is $200,000 to $300,000. The surety's liability is limited to the penal sum specified in the bond document, and all parties must execute the instrument with appropriate signatures and corporate seals as evidence of binding obligation.
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Text version
Flo971628B Nutrient Reduction Wetland Project DOCUMENT EE Bid No. 26-07 PROPOSAL GUARANTEE (BID BOND)
EE-1
State of Iowa Iowa Department of Agriculture and Land Stewardship
DIVISION OF SOIL CONSERVATION AND WATER QUALITY
KNOW ALL PERSONS BY THESE PRESENTS:
That we, of as PRINCIPAL, and of as SURETY(S), are hereby held and firmly bound unto the State of Iowa in the penal sum of
______ /100 Dollars ($ . ) for the payment, whereof, the said PRINCIPAL and SURETY(S) bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
The conditions of this obligation are such that whereas the PRINCIPAL is herewith submitting to the Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality, hereinafter called the DIVISION its sealed contract for the following:
Nutrient Reduction Wetland Project Section 28, Township 97 North, Range 16 West, Floyd County, Iowa Project ID: Flo971628B Bid No. 26-07
NOW THEREFORE,
the conditions of this obligation are such that, if said proposal is rejected by the DIVISION, or if said proposal is accepted by the DIVISION and the PRINCIPAL shall enter into a contract in the form specified by the DIVISION in accordance with the terms of the Proposal and Schedule of Prices (Document CC) and shall furnish a bond for the faithful performance of said contract in the form specified by the DIVISION, this obligation shall be null and void. Otherwise, it shall remain in full force and effect.
In the event that the said proposal is accepted by the DIVISION and the PRINCIPAL fails to enter into the contract as defined herein or fails to furnish the performance bond as noted above, within fourteen (14) days of the approval of the award, the PRINCIPAL and SURETY(S) agree to forfeit to the DIVISION the penal sum herein mentioned, it being understood that the liability of the SURETY(S) shall in no event exceed the penal sum or this obligation.
IN WITNESS WHEREOF,
the above bounden parties have executed this instrument under their several seals this day of , 20_______, the name and corporate seal of each party being hereto affixed and these presents duly signed by its undersigned representative pursuant to authority of its governing body.
PRINCIPAL SURETY
By By
Print Name:
If a partnership, all partners must sign.
END OF DOCUMENT EE
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