Bid Bond.doc
DOC document 63 KB Posted
- Attached to
- Replace Outdoor Walkway, Project 2015-104M14
- Solicitation number
- IFB1 GJBA 2016000094 5
- Issued by
- Arapahoe County, Colorado
About this file
This is a Bid Bond document from the State of Colorado Office of the State Architect State Buildings Programs for Arapahoe Community College (ACC) in connection with Invitation for Bid (IFB) 16-03 for Project 2015-104M14, Replace Outdoor Walkway. The bid bond serves as a proposal guaranty required as a condition of bid submission. Bidders must maintain their proposals in full force and effect for thirty (30) days after proposal opening. If a bidder's proposal is accepted, the principal must 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 within the prescribed timeframe.
The bid bond amount is set at five percent (5%) of the principal's total bid price and is designated as liquidated damages in the event of default. The bond must be properly executed with corporate seal if submitted by a corporation (signed by an officer such as President or Vice President and attested by the Secretary), or properly signed if submitted by an individual or partnership. A surety company authorized to conduct business in Colorado must execute the bond as the surety party. The bond documentation explicitly requires that a properly executed Power of Attorney, effectively dated, must accompany the bid bond. Failure to provide both a properly executed bid bond and power of attorney will result in the bidder's proposal being deemed non-responsive.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| ACC_WalkWay_A3.1.pdf | ||
| ACC_WalkWay_A1.1.pdf | ||
| ACC_WalkWay_G1.2.pdf | ||
| 2015-0908-BidQuestions.pdf | ||
| Bid.docx | DOCX document | |
| 2015-0910-BidQuestions.pdf | ||
| Information for Bidders SBP-6.12.pdf | ||
| Ad for Bid.pdf |
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Text version
STATE OF COLORADO
OFFICE OF THE STATE ARCHITECT
STATE BUILDINGS PROGRAMS
BID BOND
| Institution/Agency: |
| Arapahoe Community College ACC IFB 16-03 |
| Project No./Name: |
| 2015-104M14 Replace Outdoor Walkway |
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
File details come from the government source that posted it. Updated .