BIDBOND.DOC
DOC document 28 KB Posted
- Solicitation number
- 2024-10-40-54022
- Issued by
- Kit Carson County, Colorado
About this file
The document is a Bid Bond for the Webster Avenue Roadway Improvements Project, Phase 2, and Fay Street Roadways Improvement Project located in Colorado. The project involves roadway improvements consisting of concrete curb and gutter repair and replacement, along with a 2-inch mill and 2-inch compacted asphalt overlay on street surfaces. The work will be completed in accordance with Colorado Department of Transportation (CDOT) Standard Specifications for Road and Bridge Construction and CDOT M & S Standard Plans.
The Bid Bond serves as a financial guarantee for the bidding process, ensuring that the selected contractor will execute the contract and provide performance bonds if awarded the project. While specific pricing details are not provided in this document, the bond indicates that the surety company executing the bond must be listed on the Treasury Department's current approved list and authorized to conduct business in Colorado. The bond protects the project owner by providing financial recourse if the winning bidder fails to fulfill contract obligations or does not proceed with the project as agreed.
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Other files
| File | Type | Posted |
|---|---|---|
| PAYBOND.DOC | DOC document | |
| Agreement.doc | DOC document | |
| 2024 BID FORM.ADDENDUM.docx | DOCX document | |
| NOTICPRO.DOC | DOC document | |
| Project Bid Form.pdf | ||
| ADVERTISEMENT FOR BIDS.2024.docx | DOCX document | |
| BFAY_Bid Form.pdf | ||
| General Notes. Specifications. Drawings.2024 Webster Av.pdf | ||
| PERFBOND.DOC | DOC document | |
| BFAY_Final Plans.pdf | ||
| SGC.doc | DOC document | |
| GENERAL CONDITIONS.doc | DOC document | |
| NOTICAWD.DOC | DOC document |
Show all 13
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Text version
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned, as Principal, and as Surety, are hereby held and firmly bound unto 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
, 20
The Condition of the above obligation is such that whereas the Principal has submitted to a certain BID, attached hereto and hereby made a part hereof to enter into a contract in writing, for the
NOW, THEREFORE,
(a) If said BID shall be rejected, or
(b) 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 said BID) and shall furnish a BOND for his faithful performance of said contract, and for the payment of 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 any 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.
(L.S.)
Principal
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.
File details come from the government source that posted it. Updated .