Bid Bond_Fillable Form 2024~4.pdf
PDF 4 MB Posted
- Attached to
- E Burnside & NE Couch Corridor Lighting
- Solicitation number
- 00002651
- Issued by
- Oregon
About this file
This is a Bid Bond fillable form approved by the City of Portland, Oregon for use on bid bonds as of March 2024. The form is intended for the E Burnside & NE Couch Corridor Lighting project (Bid Number 00002651), which involves the construction of roadway illumination improvements. The bid bond form establishes the contractual relationship between the principal (bidder), the surety (bonding company), and the City of Portland as the obligee. The principal submits an irrevocable proposal for a specified period, and if awarded the contract, must enter into the contract to perform the work, furnish labor, equipment, and materials, and provide performance and payment bonds within the specified timeframe.
The bid bond requires the principal to specify the penal sum amount in both written words and numerical figures, which represents the forfeiture amount due to the City of Portland if the principal revokes the offer without authorization or fails to execute the required contract and bonds after being awarded. The form must be executed by authorized signatories: the principal's agent (with official title if a corporation, or partner/owner name if operating under an assumed business name), and an attorney-in-fact for the surety company with a current Power of Attorney attached. All parties must provide legal names, addresses, and signatures, with the surety's corporate seal affixed to the document.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 0002651 Bid Tab.pdf | ||
| 00002651 Mandatory Prebid Meeting Attendees.pdf | ||
| 00002651 Addendum 1.pdf | ||
| 00002651 Bid Results.pdf | ||
| 00002651 Bid Book ITB.pdf | ||
| 00002651 Notice of Intent to Award.pdf |
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 Number: | Project Name:
Bid Bond Form – v. March 2024
Approved as to Form by City Attorney’s Office for use on Bid Bonds March 2024
B ID BO N D
KNOW ALL PEOPLE BY THESE PRESENTS that we,__________________________________________________, as Principal, and ____________________________________, a corporation organized and existing under the laws of the State of _______________________________ and duly authorized to transact a surety business in the State of Oregon, as Surety, are held and firmly bound unto the CITY OF PORTLAND, a municipal corporation of the State of Oregon, as Obligee, in the penal sum of __________________________________________________ Dollars ($_______________________________) lawful money of the United States of America, for the payment whereof well and duly to be made, we and each of us, jointly and severally bind ourselves, our heirs, executors, administrators, successors and assigns, firmly by these presents.
THE CONDITIONS OF THIS OBLIGATION ARE SUCH that whereas the Principal has submitted, or is about to submit, a proposal irrevocable for the period specified in the proposal to the Obligee on a contract for _________________________ Bid No. _______________________________.
NOW, THEREFORE, in the event the Principal seeks to revoke his offer for any reason not authorized by law and not consented to by Obligee within the irrevocable period and if awarded the contract and the said Principal fails, neglects or refuses to enter into a contract to perform said work, to furnish said labor, equipment and/or material, and to furnish performance and payment bonds as required within the time specified, then the amount herein stated shall be declared to be forfeited and become due and payable to the City of Portland.
SIGNED, SEALED, AND DATED THIS day of , 20____.
PRINCIPAL SURETY
Print Name and Title Surety’s Corporate Seal
NOTE
If the Principal is operating under an assumed business name, the names of all the partners or the individuals owning the business must also be set forth in the first paragraph of the bond, and the bond must be executed by one of them.
If the Principal is a corporation, the bond must be executed by one of the officers authorized to execute bonds, showing his/her official title and the seal of the corporation.
The bond must be executed by an attorney-in-fact for the surety company, and a current copy of the Power of Attorney must be attached with appropriate authorization for the attorney-in-fact signing the Bid Bond.
Principal Legal Name of Surety
Address Signature of Attorney in Fact
Address Print Name of Surety’s Attorney in Fact
Signature of Principal
| Surety State: |
| Amount of Bond - written words (add cents as xx/100): |
| Amount of Bond in Numbers: |
| Day: |
| Month: |
| Year: |
| Legal Name of Contractor: |
| Address: |
| Address 2: |
| Legal Name of Surety: |
| Printed Name of Surety's Attorney in Fact: |
| Printed Name and Title of Principal's Agent: |
| Internal: |
| Project Name: E Burnside & NE Couch Corridor Lighting |
| Bid Number: 00002651 |
File details come from the government source that posted it. Updated .