Bid_Bond.pdf
PDF 79 KB Posted
- Solicitation number
- CT227-04
- Issued by
- Ada County, Idaho
About this file
This is a Bid Bond document related to the Ada County Highway District (ACHD) in Idaho for the Allumbaugh Street reconstruction project extending from Franklin Road to Douglas Street (Contract CT227-04). The project scope includes roadway reconstruction, pedestrian and bicycle facility additions, bridge structure replacement over Ridenbaugh Canal, and railroad crossing preemption upgrades, with the contractor required to coordinate with Union Pacific regarding railroad-related work. The bid bond secures the principal's proposal submission and commitment to enter into a contract with ACHD upon award, contingent upon the contractor providing Performance and Labor and Material Payment bonds within ten calendar days (excluding weekends and legal holidays) of contract presentation.
The bid bond is set at ten percent (10%) of the total proposal amount and binds the principal, surety, and their respective successors and assigns to ACHD. The document is dated 2026 and requires execution by authorized representatives of both the principal and surety, with the surety agent's power-of-attorney documentation required as an attachment. The form is presented as optional for use by the contractor and bonding company, establishing the financial guarantee necessary for proposal submission and contract execution eligibility.
View the file
Other files
Show all 16
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
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:
Allumbaugh Street, Franklin Road to Douglas Street
CT227-04
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 .