Bidding - Bid Bond Form Blank-3-1.pdf
PDF 306 KB Posted
- Attached to
- 2025 Citywide Striping Project
- Solicitation number
- #2 25.ST.003
- Issued by
- Weld County, Colorado
About this file
This document is a Bid Bond form for the City of Woodland Park, Colorado, specifically related to the 2025 Citywide Striping Project. The document serves as a financial guarantee for a bidder's proposal, requiring the principal (bidder) to deposit a bid proposal guaranty equivalent to at least 5% of the total bid amount. The bond protects the City of Woodland Park by ensuring that if the bid is accepted, the principal will execute a contract agreement, provide performance and payment bonds, and fulfill all contractual obligations.
The Citywide Striping Project involves street and parking lot striping at various locations within Woodland Park, with specific requirements including the use of SETFAST SOLVENTBORNE ACRYLIC TRAFFIC MARKING PAINT and glass beads for street markings. The contractor will be responsible for providing all equipment, materials, and labor, as well as implementing necessary traffic control measures. The project will require coordination with the city during ongoing pavement maintenance operations, and may involve multiple mobilizations. The contractor must adhere to specific painting conditions, such as temperature and surface requirements, and will be responsible for correcting any striping issues that arise.
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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 Five (5) 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 .