Bid_Bond.pdf
PDF 80 KB Posted
- Attached to
- McMillan Road and McDermott Road Signal - Rebid
- Solicitation number
- CT226-29
- Issued by
- Ada County, Idaho
About this file
This is a Bid Bond form issued by the Ada County Highway District (ACHD) in Idaho for the McMillan Road and McDermott Road Signal project (Contract CT226-28). The bid bond secures the principal contractor's proposal submission and ensures compliance with contract terms following award. The project involves installing a traffic signal at the intersection of McMillan Road and McDermott Road, which includes asphalt widening along McMillan Road, installation of pedestrian ramps, pavement striping, pavement markings, and related improvements. The contractor must coordinate with Can Ada and the City of Meridian regarding a concurrent sewer project in the area, while ACHD Traffic Operations will independently handle the traffic signal installation and electrical work. No specific response dates, bidder conferences, site visits, or award dates are detailed in this bond document.
The bid bond is set at ten percent (10%) of the total proposal amount and must be executed by both the principal and surety with a power-of-attorney attached. If the principal is awarded the contract, it must enter into a formal agreement with ACHD and furnish Performance and Labor and Material Payment bonds within ten (10) days (excluding weekends and legal holidays) of contract presentation. Failure to meet these conditions renders the bid bond valid and enforceable. The document is presented as an optional form for contractor and bonding company use and requires proper execution with corporate seals where applicable.
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Text version
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we ___________________________________ _____________________________________ of _____________________________________ as Principal, and ______________________________________________________________ as Surety, are held and firmly bound unto the Ada County Highway District (hereinafter called ACHD) in the full and penal sum of ten percent (10%) of the total amount of the proposal of said Principal for the work hereinafter described, for the payment of which will and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, firmly by these presents.
The condition of this obligation is such that, whereas the Principal has this day submitted a sealed proposal for:
McMillan Rd and McDermott Rd Signal
CT226-28
NOW, THEREFORE, if said Principal shall be awarded and shall duly make and enter into a contract with ACHD in accordance with the terms of said proposal and award, and shall within ten
(10) days (not including Saturdays, Sundays and legal holidays) after presentation of the contract furnish Performance and Labor and Material Payment bonds, then this obligation shall be null and void; otherwise, it shall be and remain in full force and effect.
IN WITNESS WHEREOF, the above bounden parties have executed this instrument this _____ day of _______________, 2026.
Witness: (if Individual or Firm)
Principal:
Attest: (if Corporation) By:
Title:
Corporate Seal:
Attest
Surety:
By:________________________________ (Signature)
(Print Name)
(Title)
SURETY AGENT'S POWER-OF-ATTORNEY MUST BE ATTACHED
NOTE:
This form is included for optional use by the Contractor and Bonding Company.
SURETY AGENT'S POWER-OF-ATTORNEY MUST BE ATTACHED
File details come from the government source that posted it. Updated .