Bidding - Bid Bond Form Blank - 10%.pdf
PDF 225 KB Posted
- Attached to
- Browning Street Improvements
- Solicitation number
- 25.ST.004
- Issued by
- Weld County, Colorado
About this file
This document is a Bid Bond form for the City of Woodland Park, Colorado, designed to accompany a bid proposal for the Browning Street Improvements project. The bond serves as a guarantee that the bidding contractor will enter into a contract if awarded and provides financial protection for the city, requiring a commitment of 10% of the total bid amount. The bond outlines the conditions under which the surety's obligations are valid, including the potential rejection of the bid or the successful execution of a contract with accompanying performance and payment bonds.
The bid bond is a standard risk mitigation instrument that ensures the city is protected if a selected contractor fails to follow through on the proposed contract. The project involves street improvements on Browning Avenue from Highway 24 to the street's western dead end, with specific scope including approximately 1,100 square yards of 4-inch asphalt installation, 6,300 square yards of 1.5-inch mill and overlay, 700 linear feet of curb and gutter, and reconstruction of 9 ADA-compliant pedestrian ramps. The bond requires that the surety company be authorized to conduct business in Colorado and be acceptable to the city's owner.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Q&A Document 1.pdf | ||
| 05RF-TECHNICAL SPECIFICATIONS BRWN.doc | DOC document | |
| Contract - General Conditions Construction Contract - Woodland Park.pdf | ||
| CWP Business License Application_fillable (1).pdf | ||
| 01F-COVER BRWN.docx | DOCX document | |
| Template Construction Contract - Woodland Park 2024.docx | DOCX document | |
| Bidding - General Conditions (RFPs) 2024.pdf | ||
| 02F-INVITATION FOR BIDS BRWN.docx | DOCX document | |
| BRWN_20250327_Sealed_F.pdf | ||
| 03RF-BID PROPOSAL BRWN.docx | DOCX document | |
| 04RF-MEASUREMENT AND PAYMENT BRWN.doc | DOC document | |
| Blank W-9.pdf |
Show all 12
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
Project Name:
BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned as Principal, and as Surety, are hereby held and firmly bound unto the City of Woodland Park, Colorado, 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.
THE CONDITION of this obligation is such that whereas the Principal has submitted to the City of Woodland Park, Colorado the accompanying Bid Proposal, and hereby made a part hereof to enter into a Contract Agreement for the construction of City of Woodland Park Project ________________________________________________ V
WHEREAS, the Owner, as a condition for receiving said Bid Proposal, requires the Principal to deposit with the Owner a Bid Proposal Guaranty, equivalent to not less than Ten (10) Percent of the amount of said Bid Proposal.
NOW THEREFORE,
(A) If said Bid Proposal shall be rejected; or in the alternate,
(B) If said Bid Proposal shall be accepted and the Principal shall execute and deliver a Contract Agreement (properly completed in accordance with said Bid Proposal) and shall furnish a Performance and Payment Bond upon the forms prescribed by the Owner for the 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 Proposal;
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, this day of , 2024, 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 SURETY
Name:
Address:
By:
Title: Attorney-in-Fact:
(SEAL)
NOTE: Surety Companies executing bonds must be authorized to transact business in the State of Colorado and be acceptable to the Owner.
File details come from the government source that posted it. Updated .