Bid Bond.pdf
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- Attached to
- 26-08 Cal883432B (Calhoun)
- Solicitation number
- 26-08 Cal883432B (Calhoun)
- Issued by
- Calhoun County, Iowa
About this file
This is a Bid Bond document for the State of Iowa, Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality, for the Nutrient Reduction Wetland Project located in Section 32, Township 88 North, Range 34 West, Calhoun County, Iowa (Project ID: Cal883432B, Bid No. 26-08). The project involves selective clearing, excavation and grading, tied-concrete block mat placement, tile and outlet structures, riprap placement, and seeding. Work scope includes approximately 13,800 cubic yards of earthwork, 2,750 square feet of tied-concrete block mat, 769 linear feet of tile installation, a water control structure, 31 tons of riprap and erosion stone, and 4 acres of seeding. Construction must be completed by November 30, 2026, with buffer seeding completion required by December 15, 2026. Bidders must submit proposals in the form specified by the Division along with this bid bond as a proposal guarantee.
The penal sum of the bid bond is to be filled in by the bidder and serves as a guarantee that the proposal will be accepted or rejected by the Division. If the proposal is accepted, the principal must enter into a contract within fourteen days of award approval and furnish a performance bond as specified by the Division, or forfeit the penal sum to the state. The estimated construction cost range for the project is $135,000 to $155,000. The bid bond must be executed by an authorized representative of the principal and surety, with all partners required to sign if the principal is a partnership.
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Text version
Cal883432B Nutrient Reduction Wetland Project DOCUMENT EE Bid No. 26-08 PROPOSAL GUARANTEE (BID BOND)
EE-1
State of Iowa Iowa Department of Agriculture and Land Stewardship
DIVISION OF SOIL CONSERVATION AND WATER QUALITY
KNOW ALL PERSONS BY THESE PRESENTS:
That we, of as PRINCIPAL, and of as SURETY(S), are hereby held and firmly bound unto the State of Iowa in the penal sum of
______ /100 Dollars ($ . ) 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 32, Township 88 North, Range 34 West, Calhoun County, Iowa Project ID: Cal883432B Bid No. 26-08
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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