Bid Bond (Document EE).pdf
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- Attached to
- Wright Co. 2026 Batch and Build EOF Project
- Solicitation number
- EOF 2026-03
- Issued by
- Wayne County, Iowa
About this file
This is a Bid Bond (Proposal Guarantee) document for the Wright County 2026 Batch and Build Edge-of-Field Project, issued by the Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality. The project involves the construction of 4 bioreactors and 7 saturated buffer structures in Wright County, Iowa, with an estimated project cost range of $165,000 to $185,000. Work includes excavation, earthwork, grading, mobilization, and seeding, utilizing materials such as water control structures, woodchips, geotextile fabric, perforated and non-perforated piping, and outlet structures. The bid bond serves as a proposal guarantee for Bid No. EOF 2026-03, and any awarded contractor must enter into a contract and furnish a performance bond within fourteen (14) days of award approval.
The bid bond requires the principal and surety to post a penal sum as guarantee of the proposal submission. Should the proposal be rejected by the Division, the obligation becomes null and void. If the proposal is accepted but the principal fails to enter into the contract or furnish the required performance bond within the specified timeframe, the principal and surety agree to forfeit the penal sum to the Division. The surety's liability is limited to the penal sum stated in the bond document. The bond must be executed under seal with signatures from the principal and authorized surety representatives.
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Text version
Wright Co. 2026 Batch and Build Edge-of-Field Project DOCUMENT EE
Bid No. EOF 2026-03 PROPOSAL GUARANTEE (BID BOND)
EE-1
State of Iowa Iowa Department of Agriculture and Land Stewardship
DIVISION OF SOIL CONSERVATION AND WATER QUALITY
KNOW ALL PERSONS BY THESE PRESENTS:
That we, of as PRINCIPAL, and of as SURETY(S), are hereby held and firmly bound unto the State of Iowa in the penal sum of
____ /100 Dollars ($ ) 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:
Batch and Build Edge-of-Field Project
Wright County, Iowa Project ID: Wright Co. 2026 Bid No. EOF 2026-03
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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