blank_bid-guaranty_Rv._9-2013_(1).docx

This is a Bid Guaranty form document for the Washington County bridge railing retrofit project in Oregon. The form establishes the requirements and procedures for bid bonds that must accompany contractor proposals for the Bridge #23952 Railing Retrofit project on Gaston Road. The document outlines the obligation of bidders to provide a guarantee equal to a specified percentage of their total bid amount, ensuring their commitment to enter into a contract should their bid be accepted. The bid guaranty must be submitted with the bid proposal and remain valid for a designated period following the bid opening date. The form specifies that the guaranty protects the County against losses incurred if the successful bidder fails to execute the contract or provide the required performance and payment bonds within the timeframe specified by the contracting authority.

The bid guaranty form includes standard language regarding the liability limits of the guaranty, typically set at the full amount of the bid or a percentage thereof as determined by the County. The document requires that any bid guaranty must be issued by a surety company authorized to conduct business in Oregon and must comply with all applicable state and federal regulations. The form serves as a binding commitment mechanism within the competitive bidding process and is a standard requirement for public works projects of this nature in Oregon. No renewal options or special set-asides are specified within this particular guaranty form document.