BID_BOND_FORM.pdf
PDF 84 KB Posted
- Attached to
- Lakemont Center Drainage Improvements
- Solicitation number
- ITB-25-051
- Issued by
- Jefferson County, Weston CDP, Colorado
About this file
This is a Bid Bond Form for the City of Wheat Ridge, Colorado, required for submission with bids on the Lakemont Center Drainage Improvements project (ITB-25-051). The project encompasses drainage infrastructure work including removal and replacement of approximately 13 linear feet of 12-inch HDPE pipe, installation of a 48-inch diameter manhole, bypass pumping and dewatering services, cleaning and camera inspection of 4-inch, 8-inch, and 12-inch HDPE storm pipes, and associated site work including landscaping, asphalt and sidewalk replacement, curb and gutter work, concrete rundowns, sidewalk chases, and erosion control. Bid alternates are available for single spot pipe repairs and cured-in-place pipe lining. A mandatory pre-bid meeting is scheduled for November 4, 2025, at 2:00 pm, with bid submissions due on November 20, 2025, at 2:00 pm Mountain Time. The project completion timeline is 30 calendar days from the Notice to Proceed, and the contract will be awarded to the lowest responsive and responsible bidder.
The bid bond form requires a penal sum amount to be stated by the bidder and must be executed by both the principal contractor and an authorized surety company appearing on the Treasury Department's current Circular 570 list and authorized to conduct business in Colorado. The bond ensures that if the bid is accepted, the contractor will execute the contract and furnish a performance bond as required. The city will retain 5% of the contract value until final completion. Bidders must comply with the Keep Jobs in Colorado Act, requiring at least 80% of labor to be performed by Colorado workers, and must submit supporting documentation including the Non-Discrimination Assurance Form, Contractor's Qualification Form, and List of Subcontractors. The project is funded through the City of Wheat Ridge's Capital Improvement Program and will follow Colorado Department of Transportation Standard Specifications for Road and Bridge Construction, 2021 Edition.
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Text version
BID BOND FORM
KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned, (name and address of Contractor) as Principal, and
(name and address of surety) as Surety, are hereby held and firmly bound unto the City of Wheat Ridge as Owner in the penal sum of for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves, successors, and assigns.
Signed this day of , 2024
The condition of the above obligation is such that whereas the Principal has submitted to the City of Wheat Ridge a certain BID, attached hereto and hereby made a part hereof, to enter a contract in writing for the Project titled ITB- 24-150-Hayward Park Walking Trail
NOW, THEREFORE,
1. If said Bid shall be rejected or,
2. If said Bid shall be accepted and the Principal shall execute and deliver a contract in the Form of Contract attached hereto (properly completed in accordance with the said Bid) and shall furnish a Bond for his faithful performance of said Contract, and for the payment for all persons performing labor or furnishing materials in connection therewith and shall in all other respects perform the agreement created by the acceptance of said Bid.
Then this obligation shall be void, otherwise the same shall remain in force and effect; it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated.
The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its Bond shall be in no way impaired or affected by an extension of the time within which the Owner may accept such Bid; and said Surety does hereby waive notice of any such extension.
IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals, and such of them as are corporations have caused their corporate seals to be hereto affixed and these presents to be signed by their proper officers, the day and year first set forth above.
(Principal/Contractor)
(Surety)
By:
IMPORTANT: Surety companies executing Bonds must appear on the Treasury Department's most current list (Circular 570 as amended) and be authorized to transact business in the State where the project is located.
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