Bid Bond.pdf
PDF 207 KB Posted
- Attached to
- 26-02 Cal883229BN & BS (Calhoun)
- Solicitation number
- 26-02 Cal883229BN & BS (Calhoun)
- Issued by
- Carroll County, Iowa
About this file
This is a Bid Bond document issued by the State of Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality, for the Nutrient Reduction Wetland Project located in Section 29, Township 88 North, Range 32 West, Calhoun County, Iowa. The project, identified as Cal883229BN-North & BS-South with Bid No. 25-17 (also referenced as Bid No. 26-2), involves the construction or implementation of a nutrient reduction wetland. The bid bond serves as a proposal guarantee, requiring bidders to submit sealed proposals in accordance with the terms outlined in the Proposal and Schedule of Prices (Document CC). Bidders selected for contract award must enter into a formal contract within fourteen days of approval and furnish a performance bond as specified by the Division.
The bid bond establishes a penal sum amount (to be filled in by the bidder) that serves as security for the proposal submission. If the proposal is rejected by the Division, the bond obligation becomes null and void. If the proposal is accepted and the principal fails to execute the contract or provide the required performance bond within fourteen days of award approval, the principal and surety agree to forfeit the penal sum to the Division, with the surety's liability capped at the stated penal amount. The document requires execution by authorized representatives of both the principal and surety parties and must be dated and executed under seal.
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Other files
| File | Type | Posted |
|---|---|---|
| Schedule of Prices - REVISED.pdf | ||
| General Requirements.pdf | ||
| Plans.pdf | ||
| Addendum 1 & Pre-bid.pdf | ||
| H & H Report.pdf | ||
| Specifications.pdf | ||
| Plans - REVISED.pdf | ||
| Schedule of Prices.pdf | ||
| Proposal & Affidavit.pdf | ||
| Notice to Bidders.pdf | ||
| Appendix I.pdf | ||
| Proposal & Affidavit - REVISED.pdf | ||
| QA QC Plan.pdf |
Show all 13
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Text version
Cal883229BN-North & BS-South Nutrient Reduction Wetland Project DOCUMENT EE Bid No. 25-17 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 29, Township 88 North, Range 32 West, Calhoun County, Iowa
Project ID: Cal883229BN-North & BS-South
Bid No. 26-2
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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