Bid Bond.pdf
PDF 185 KB Posted
- Attached to
- 26-03 Ham892326B (Hamilton)
- Solicitation number
- 26-03 Ham892326B (Hamilton)
- Issued by
- Hancock County, Iowa
About this file
This is a Bid Bond document (Proposal Guarantee) issued by the State of Iowa, Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality for the Nutrient Reduction Wetland Project. The project is located in Section 26, Township 89 North, Range 23 West, Hamilton County, Iowa, with Project ID Ham892326B and Bid No. 25-17. The bid bond serves as a proposal guarantee submitted by contractors bidding on this project. Bidders must enter into a contract with the Division in accordance with the terms specified in the Proposal and Schedule of Prices (Document CC) and must furnish a performance bond within fourteen (14) days of award approval. No specific project completion date, site visit requirements, or bidder's conference information is provided in this document.
The bid bond requires contractors to establish a penal sum (bond amount) to be determined and filled in by the bidder. If the proposal is rejected or if it is accepted and the principal properly executes the contract and furnishes the required performance bond within the specified timeframe, the bid bond obligation is null and void. If the proposal is accepted but the principal fails to enter into the contract or fails to furnish the performance bond within fourteen (14) days of award approval, the principal and surety must forfeit the penal sum to the Division. The liability of the surety shall not exceed the penal sum amount. The document requires execution by authorized representatives of both the principal and surety parties under seal, with all partners required to sign if the principal is a partnership.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| H & H Report.pdf | ||
| Specifications.pdf | ||
| Proposal and Affidavit.pdf | ||
| QA QC Plan.pdf | ||
| Schedule of Prices.pdf | ||
| Plans.pdf | ||
| Notice to Bidders.pdf | ||
| Proposal and Affidavit - REVISED.pdf | ||
| Addendum 1 & Pre-bid.pdf | ||
| General Requirements.pdf | ||
| Schedule of Prices - REVISED.pdf |
Show all 11
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Text version
Ham892326B 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 26, Township 89 North, Range 23 West, Hamilton County, Iowa Project ID: Ham892326B Bid No. 26-03
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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