Bid Bond.pdf
PDF 25 KB Posted
- Attached to
- AHEC-17907-B - Transformer Replacement Project
- Solicitation number
- IFB1 GMAA 2017000067 2
- Issued by
- Denver County, Denver City, Colorado
About this file
This is a Bid Bond form issued by the State of Colorado, Office of the State Architect, State Buildings Program, for the Auraria Higher Education Center's Transformer Replacement Project covering three buildings: Central Classroom, West Classroom, and Cherry Creek Building (Project Nos. 847645, 847646, and 847911). The bid bond serves as a guaranty requirement for contractors submitting proposals for this project. Bidders must maintain their proposals in full force and effect for thirty days following proposal opening. Upon proposal acceptance, the successful bidder must execute the required Agreement, furnish a Performance Bond, Labor and Material Payment Bond, Insurance Policy with Certificates of Insurance, and provide a Certification and Affidavit Regarding Illegal Aliens within the prescribed timeframe.
The bid bond must be executed in an amount equal to five percent of the total bid price and serves as liquidated damages in the event the principal defaults on their obligations. For corporate bidders, the bond must be signed by a corporate officer (President or Vice President), attested by the Secretary with a corporate seal, while individual or partnership bidders must execute the bond accordingly. The surety must be a corporation authorized to transact business in Colorado and must provide a properly executed Power of Attorney, effectively dated. Failure to submit a properly executed bid bond with an accompanying Power of Attorney will render the bidder's proposal non-responsive.
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Text version
State Form SBP-6.14 Rev. 10/2006
STATE OF COLORADO
OFFICE OF THE STATE ARCHITECT
STATE BUILDINGS PROGRAM
BID BOND
Institution/Agency: Auraria Higher Education Center
Project No./Name:
847645, 847646, 847911 / Transformer Replacement Project – Central Classroom, West Classroom, and Cherry Creek Building
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.
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