Bid Bond revised 6-21-25.pdf
PDF 230 KB Posted
- Attached to
- 26-04 Chi941410B (Chickasaw)
- Solicitation number
- 26-04 Chi941410B (Chickasaw)
- Issued by
- Chickasaw County, Iowa
About this file
This is a Bid Bond document issued by the State of Iowa, Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality, for the Nutrient Reduction Wetland Project (Bid No. 26-04, Project ID: Chi941410B) located in Section 10, Township 94 North, Range 14 West, Chickasaw County, Iowa. The bid bond serves as a proposal guarantee and requires the principal and surety to bind themselves jointly and severally to the State of Iowa in a specified penal sum. The bond conditions stipulate that the obligation becomes null and void if the proposal is rejected by the Division or if the proposal is accepted and the principal enters into the contract as specified by the Division and furnishes a performance bond within fourteen (14) days of award approval. If the proposal is accepted and the principal fails to enter into the contract or provide the required performance bond within the fourteen-day timeframe, the principal and surety agree to forfeit the penal sum to the Division, with the surety's liability capped at the stated penal sum amount.
The bid bond document does not contain pricing information, set-asides, incumbent details, or funding source specifics. The document is a standardized form requiring completion with the penal sum amount, dates of execution, and signatures from the principal and authorized representatives, with notation that all partners must sign if the principal is a partnership. The bond represents a standard contractual requirement to ensure bidder commitment and performance compliance in accordance with the terms outlined in the proposal and Schedule of Prices (Document CC) and other Division-specified contract forms.
View the file
Other files
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
DOCUMENT EE
PROPOSAL GUARANTEE (BID BOND)
EE-1
as PRINCIPAL, as SURETY(S), Chi941410B Nutrient Reduction Wetland Project Bid No. 26-04
State of Iowa Iowa Department of Agriculture and Land Stewardship
DIVISION OF SOIL CONSERVATION AND WATER QUALITY
KNOW ALL PERSONS BY THESE PRESENTS:
That we, of and of are hereby held and firmly bound unto the State of Iowa in the penal sum of
______ /100 Dollars ($ . ) for the payment, whereof, the said PRINCIPAL and SURETY(S) bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
The conditions of this obligation are such that whereas the PRINCIPAL is herewith submitting to the Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality, hereinafter called the DIVISION its sealed contract for the following:
Nutrient Reduction Wetland Project Section 10, Township 94 North, Range 14 West, Chickasaw County, Iowa Project ID: Chi941410B Bid No. 26-04
NOW THEREFORE,
the conditions of this obligation are such that, if said proposal is rejected by the DIVISION, or if said proposal is accepted by the DIVISION and the PRINCIPAL shall enter into a contract in the form specified by the DIVISION in accordance with the terms of the Proposal and Schedule of Prices (Document CC) and shall furnish a bond for the faithful performance of said contract in the form specified by the DIVISION, this obligation shall be null and void. Otherwise, it shall remain in full force and effect.
In the event that the said proposal is accepted by the DIVISION and the PRINCIPAL fails to enter into the contract as defined herein or fails to furnish the performance bond as noted above, within fourteen (14) days of the approval of the award, the PRINCIPAL and SURETY(S) agree to forfeit to the DIVISION the penal sum herein mentioned, it being understood that the liability of the SURETY(S) shall in no event exceed the penal sum or this obligation.
IN WITNESS WHEREOF,
the above bounden parties have executed this instrument under their several seals this day of
, 20_______, the name and corporate seal of each party being hereto affixed and these presents duly signed by its undersigned representative pursuant to authority of its governing body.
PRINCIPAL SURETY
By By
Print Name:
If a partnership, all partners must sign.
END OF DOCUMENT EE
File details come from the government source that posted it. Updated .