Bonds_-_Quick_Quote_Bid_Bond.pdf

Quick Quote Bid Bond

QUICK QUOTE BID BOND

Bond No.

KNOW ALL BY THESE PRESENTS, that as Principal, hereinafter called Principal and (Bonding Company), a corporation duly licensed under the laws of the State of California as Surety, hereinafter called the Surety, are held and firmly bound unto the

Sacramento Housing and Redevelopment Agency on behalf of the housing Authority of the City of

Sacramento and the Housing Authority of the County of Sacramento for the sum of

Dollars ($ ) for the payment of which sum well and truly to be made, the said Principal and the said Surety bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents.

; at WHEREAS, the Principal has submitted a bid for Quick Quotes for (QQ) - No.

NOW, THEREFORE, if the Sacramento Housing and Redevelopment Agency on behalf of the housing

Authority of the City of Sacramento and the Housing Authority of the County of Sacramento shall accept the bid of the Principal and the Principal shall enter into a contract with the Sacramento Housing and

Redevelopment Agency on behalf of the housing Authority of the City of Sacramento and the Housing

Authority of the County of Sacramento in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract documents with good and sufficient surety for the faithful performance of such contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Sacramento Housing and Redevelopment Agency on behalf of the housing Authority of the City of Sacramento and the Housing Authority of the County of Sacramento the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Sacramento Housing and Redevelopment Agency on behalf of the housing Authority of the City of Sacramento and the Housing Authority of the County of Sacramento may in good faith contract with another party to perform work covered by said bid or an appropriate required amount as specified in the Invitation for Bid then this obligation shall be null and void, otherwise to remain in full force and effect.

mmorrison Underline

Bid Bond

Signed and sealed this day of , 202 .

(Principal) (Seal)

(Witness)

(Title)

(BONDING COMPANY)

(Witness)

By (Attorney-in-Fact)

The Power of Attorney of persons signing for the Surety Company must be attached.

NOTE: Date of Bid Bond must be prior to date of Contract.

1. Correct name of Contractor.

2. A Corporation; A Partnership; or an Individual, as case may be, attached.

3. Correct name of Surety.

4. If Contractor is Partnership, all partners must execute Bid Bond.

5. Bid Bond to be equivalent to 5% (percent) of the amount bid; or:

6. Five (5)% (percent) of the amount bid in the form of the following (*made out to the Enter

Authority (ex. Housing Authority of the County of Sacramento)):

a. *A certified check.

b. *A bank draft.

c. U.S. Government Bonds at par value (made out to “bearer” or otherwise negotiable by the Agency).

END OF SECTION