Bid BondIFB 202578816.pdf
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- Solicitation number
- 202578816
- Issued by
- Denver County, Denver City, Colorado
About this file
This document is a Bid Bond for the City and County of Denver, Colorado, specifically for the Denver International Airport's Taxiways F, G, H and Deice Pads Pavement Rehabilitation Project (Contract No. 202578816). The bid bond represents a financial guarantee that the bidder will enter into a contract if awarded and provide required performance and payment bonds. The project involves rehabilitating pavement for taxiways and deice pads, with additional scope including replacement of LED fixtures, electrical infrastructure upgrades, utility manhole adjustments, underdrain repair, and pavement marking replacements.
The bid bond requires the principal to provide security of at least five percent (5%) of the total bid amount as a condition of submitting the bid. If the bidder fails to execute the contract or provide required performance bonds, they would be liable to pay the specified amount as liquidated damages to the City and County of Denver. The document is structured as a standard legal financial instrument that protects the government entity's interests during the bidding process for this airport infrastructure improvement project.
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Text version
Attachment 1, Part 7 Bid Bond
IFB NO. 202578816 Taxiways F, G, H and Deice Pads Pavement Rehabilitation Project April 8,2025
Bidder________________________________
DENVER INTERNATIONAL AIRPORT
Taxiways F, G, H and Deice Pads Pavement Rehabilitation Project Contract No. 202578816
BID BOND
KNOW ALL MEN BY THESE PRESENTS THAT_______________________________________, as Principal, and ____________________________________, a corporation organized and existing under and by virtue of the laws of the State of ____________________, and authorized to do business within the State of Colorado as Surety, are held and firmly bound unto the City and County of Denver, Colorado, as Obligee, in the full and just sum of _________________________________________________________ Dollars and ____________________ Cents ($________________________) lawful money of the United States, for the payment of which sum, well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents:
WHEREAS, the said Principal is herewith submitting its Bid, dated on ______________________, _______, for the construction of Contract No.202578816, Taxiways F, G, H and Deice Pads Pavement Rehabilitation Project, Denver International Airport, as set forth in detail in the contract documents for the City and County of Denver, Colorado, and said Obligee has required as a condition for receiving said Bid that the Principal deposit specified Bid security in the amount of not less than five percent (5%) of the amount of said Bid, as it relates to work to be performed for the City, conditioned that in event of failure of the Principal to execute the Contract for such construction and furnish required Performance and Payment Bond if the Contract is offered them, that said sum be paid immediately to the Obligee as liquidated damages, and not as a Penalty, for the Principal's failure to perform.
The condition of this obligation is such that if the aforesaid Principal shall, within the period specified therefore, on the prescribed form presented to them for signature, enter into a written Contract with the Obligee in accordance with his Bid as accepted, and give Performance and Payment Bond with good and sufficient surety or sureties, upon the form prescribed by the Obligee, for the faithful performance and the proper fulfillment of said Contract, or in the event of withdrawal of said Bid within the time specified, or upon the payment to the Obligee of the sum determined upon herein, as liquidated damages and not as a Penalty, in the event the Principal fails to enter into said Contract and give such Performance and Payment Bond within the time specified, then this Obligation shall be null and void, otherwise to remain in full force and effect.
[END OF PAGE]
IFB NO. 202578816 Taxiways F, G, H and Deice Pads Pavement Rehabilitation Project April 8,2025
Signed, sealed, and delivered this _______ day of ________________________, ______.
Attest:
Secretary
[SEAL if Bidder a corporation]
PRINCIPAL
By:
President
SURETY
By:
Attorney-in-Fact
(ATTACH POWER OF ATTORNEY)
Power of Attorney shall be certified as to the date of Bid.
File details come from the government source that posted it. Updated .