Bid Bond.pdf
PDF 185 KB Posted
- Attached to
- 26-09 Har892022C (Hardin)
- Solicitation number
- 26-09 Har892022C (Hardin)
- Issued by
- Hancock County, Iowa
About this file
This is a Bid Bond document from the State of Iowa, Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality for the Nutrient Reduction Wetland Project in Hardin County, Iowa (Project ID: Har892022C, Bid No. 26-09). The project is located in Section 22, Township 89 North, Range 20 West. The bid bond serves as a proposal guarantee, requiring the principal and surety to submit the document with their sealed contract proposal. If the proposal is accepted and the principal fails to enter into the contract or furnish the required performance bond within fourteen (14) days of award approval, the principal and surety agree to forfeit the penal sum specified in the bond.
The bond amount is left blank in the document template and must be completed by the bidder. The surety's liability is capped at the penal sum stated in the obligation. The document requires signatures from both the principal and surety, with all partners required to sign if the principal is a partnership. The bond is executed under seal and becomes null and void if the proposal is rejected or if the proposal is accepted and the principal fulfills all contract obligations, including entering into the specified contract form and furnishing the performance bond as required by the Division.
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Text version
Har892022C Nutrient Reduction Wetland Project DOCUMENT EE Bid No. 26-09 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 22, Township 89 North, Range 20 West, Hardin County, Iowa Project ID: Har892022C Bid No. 26-09
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
File details come from the government source that posted it. Updated .