Bid_Bond.pdf
PDF 80 KB Posted
- Attached to
- Stoddard Road, Victory Road to Overland Road
- Solicitation number
- CT227-06
- Issued by
- Ada County, Idaho
About this file
This is a Bid Bond form required by the Ada County Highway District (ACHD) in Idaho for the Stoddard Road project extending from Victory Road to Overland Road (CT227-06). The bid bond serves as a financial guarantee that the principal contractor will enter into a formal contract with ACHD if awarded the project. The contractor must execute the bond concurrent with submission of their sealed proposal and, if awarded, must furnish Performance and Labor and Material Payment bonds within ten days of contract presentation, excluding weekends and legal holidays.
The bid bond is set at ten percent (10%) of the total proposal amount and binds the principal, surety, and surety agent to ACHD as obligee. The Stoddard Road project encompasses comprehensive pavement maintenance including full-depth asphalt reconstruction, curbing, guttering, sidewalks, pedestrian ramps, a multi-use path, bike lanes, bridge widening (Ridenbaugh Bridge #2080), drainage improvements, utility relocations and adjustments (electric fence, water main, sewer, fiber optic), and roadway enhancements such as pedestrian hybrid beacons, rectangular rapid flashing beacons, median islands, and roadway lighting. The surety agent's power-of-attorney must accompany the completed bond form.
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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:
Stoddard Road, Victory Road to Overland Road
CT227-06
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 .