BID BOND.doc

00410-3

ADVANCE \D 1.80

Bid Bond

PRIVATE

ADVANCE \D 2.10ADVANCE \D 10.50

SECTION 00410

Bid Bond

STATE OF GEORGIA

City Of Nicholson KNOW ALL MEN BY THESE PRESENTS, that we, ______________________________, as Principal, and _______________________________, as Surety, are held and firmly bound unto City of Nicholson in the sum of _____________________________________ Dollars ($_______________________) lawful money of the United States of America, for the payment of which sum will and truly to be made, we bind ourselves, our heirs, personal representatives, successors and assigns, jointly and severally, firmly by these presents.

WHEREAS, the Principal has submitted to the Owner a Bid for Asphalt Resurfacing on LAKEVIEW DR, BROAD ST, CEDAR DR, BLUE JAY CT, QUAIL RIDGE DR, WOODPECKER LN, STAPLER DR, NEW HOPE DR, PEACH ST, JAMES MAXWELL RD (PATCH), JAMES MAXWELL RD (PAVE CUL-DE-SAC).

NOW, THEREFORE, the conditions of this obligation are such, that if the Bid be accepted, the Principal shall, within ten days after receipt of conformed Contract Documents, execute a Contract in accordance with the Bid upon the terms, conditions and prices set forth therein, and in the form and manner required by the Contract Documents and execute sufficient and satisfactory separate Performance and Payment Bonds payable to the Owner, each in an amount of 100 percent of the total Contract Price, in form satisfactory to the Owner, then this obligation shall be void; otherwise, it shall be and remain in full force and effect in law; and the Surety shall, upon failure of the Principal to comply with any or all of the foregoing requirements within the time specified above, immediately pay to the aforesaid Owner, upon demand, the amount hereof in good and lawful money of the United States of America, not as penalty, but as liquidated damages.

This Bond is given pursuant to and in accordance with provisions of O.C.G.A. Section 36-91-1 et.seq. hereinafter, and all the provisions of law referring to this character of Bond as set forth in said Sections or as may be hereinafter enacted, and these are hereby made a part hereof to the same extents as if set out herein in full.

IN WITNESS WHEREOF, the said Principal has hereunder affixed its signature and seal, and said Surety has hereunto caused to be affixed its corporate signature and seal, by its duly authorized officers, on this __________ day of ______________________, 2026.

CONTRACTOR – PRINCIPAL: ____________________________________________________

By: ________________________________________________

(name signed)

(name printed or typed)

Address: ________________________________________________

Phone: ________________________________________________

Attest: ________________________________________________

Title: ________________________________________________

(SEAL)

SURETY: ______________________________________________________________________

By: ________________________________________________

Address: ________________________________________________

Phone: ________________________________________________

Attest: ________________________________________________

Title: ________________________________________________

(SEAL)

Resident agent in state in which Work is to be performed:

Name: _______________________________________

Address: ______________________________________

Phone: _______________________________________

Note: Surety companies executing Bonds must appear on the Treasury Department’s most current list (Circular 570 as amended) and be authorized to transact business in the state where the project is located.

END OF SECTION