Bid_Bond.pdf
PDF 70 KB Posted
- Attached to
- 2026 Arterial and Collector Capital Maintenance
- Solicitation number
- CT227-09
- Issued by
- Ada County, Idaho
About this file
This is a Bid Bond form for the Ada County Highway District (ACHD) in Idaho, applicable to the 2026 Arterial and Collector Capital Maintenance project on Poplar Street from Curtis Road to Cole Road. The bid bond requires the principal contractor and surety to guarantee performance through a penal sum equal to ten percent (10%) of the total proposal amount. Upon award of the contract, the principal 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. The bond remains in full force and effect until these conditions are satisfied or the bid is rejected.
The Poplar Street project encompasses comprehensive infrastructure improvements including pavement rehabilitation, asphalt pavement improvements, irrigation and stormwater work, ADA-compliant pedestrian ramp upgrades, sidewalk gap filling, traffic calming features with traffic circles at two intersections, an enhanced pedestrian crossing at Poplar Street and Cole Road, multi-use pathway improvements, wayfinding signage, sharrows, and a raised concrete intersection at Poplar Street and Fisk Street. The bid bond form is optional and requires attachment of the surety agent's power of attorney documentation to be valid and enforceable.
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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:
(Contract Name)
(Contract Number)
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 _______________, ________.
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
C
SURETY AGENT'S POWER-OF-ATTORNEY MUST BE ATTACHED
File details come from the government source that posted it. Updated .