Bidding - Bid Bond Form Blank - 5%.pdf

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Attached to
IFB - 2025-015 – City of Manitou Springs Sandra Lane
Solicitation number
2025-015
Issued by
El Paso County, Manzanola Town, Colorado

About this file

This document is a Bid Bond form for the City of Manitou Springs, Colorado, specifically for the Sandra Lane - Sutherland Creek Crossing Sanitary Sewer and Storm Sewer Replacement Project (IFB 2025-015). The project involves replacing an existing culvert and conflicting sanitary sewer line with a new 3'x7' precast concrete box culvert and additional sewer infrastructure. Key procurement dates include a mandatory job-walk on July 31st, 2025 at 9:00 am, a question deadline of August 4th, 2025 at 5 PM, and bid submissions due on August 8th, 2025 by 5 PM. The successful contractor will be required to complete all work within 30 calendar days from the Notice to Proceed.

The bid requires a bid security of at least 5% of the total bid amount, with the contractor needing to provide a Performance Bond for 100% of the project cost and a Payment Bond for 50% of the project cost. Insurance requirements include worker's compensation and commercial general liability insurance with combined single limits of $1,000,000 per occurrence. The procurement will be evaluated based on the lowest responsive and responsible bidder, with the City reserving the right to reject any or all bids. While no specific budget range is explicitly stated, the project appears to be funded through the City of Manitou Springs Public Works infrastructure budget, with potential integration requirements involving existing utilities and potentially adhering to Colorado Department of Transportation (CDOT) standards.

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Text version

Project Name: SANDRA LANE - SUTHERLAND CREEK CROSSING SANITARY SEWER AND STORM SEWER REPLACEMENT

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 Manitou Springs, 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 Manitou Springs, Colorado the accompanying Bid Proposal, and hereby made a part hereof to enter into a Contract Agreement for the construction of City of Manitou Springs Project SANDRA LANE - SUTHERLAND CREEK CROSSING SANITARY SEWER AND

STORM SEWER REPLACEMENT

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 , 2025, 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 forthabove.

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 .