CITY_OF_CHEYENNE_BID_BOND_FORM.pdf
PDF 85 KB Posted
- Solicitation number
- E-17-26
- Issued by
- Niobrara County, Wyoming
About this file
This is a Bid Bond Form issued by the City of Cheyenne, Wyoming for use in response to the 2026 Bituminous Asphalt Hot Mix, Tack Oil and Cold Mix procurement opportunity for the City's Street and Alley Division. The form serves as a template for bidders to submit bid security as a prerequisite condition of proposal submission. The document requires the principal (bidder) to identify the project bid number and specify the proposal amount, with the surety required to be a corporation authorized to conduct business in Wyoming. No specific quantities, response dates, due dates, site visits, or bidders' meetings are detailed within this bond form document itself.
The bid bond requires bid security in an amount not less than five percent (5%) of the total proposal amount. Should the principal fail to execute the formal contract and furnish required performance and payment bonds if awarded the contract, the bid security will be forfeited to the City of Cheyenne as liquidated damages rather than as a penalty. The surety corporation must provide executed documentation including a Power of Attorney with the signed bond. This form establishes the financial assurance mechanism required from all bidders participating in the procurement process.
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Other files
| File | Type | Posted |
|---|---|---|
| 2026_-_Bituminous_Asphalt_Hot_Mix,_Tack_Oil_and_Cold_Mix.pdf | ||
| E-17-26_SPECS.pdf |
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Text version
CITY OF CHEYENNE BID BOND FORM
PROJECT
BID NUMBER
KNOW ALL MEN BY THESE PRESENTS, that____________________________, as Principal, and_________________________________________, as Surety, a corporation duly organized under the laws of the State of ____________ and authorized to do business within the State of
Wyoming, are held and firmly bound unto the City of Cheyenne, Wyoming, in the full and just sum of ___________________________________Dollars ($________________), lawful money of the United States, for the payment of which sum, well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, said Principal is herewith submitting a Proposal for___________________________________________________________________________
_________________, and the City of Cheyenne, Wyoming has required as a condition for submitting said Proposal, that said Principal deposit specified Bid Security in an amount not less than five percent (5%) of the amount of said Proposal, conditioned that in event of failure of
Principal to execute the contract and furnish the required performance and payment bonds if the contract is awarded to said Principal, that said sum be paid immediately to the City of Cheyenne, Wyoming as liquidated damages, and not as penalty, for the Principal’s failure to perform.
The condition of this obligation is such that if the aforesaid Principal will, within the time required, enter into a formal contract and give such bonds as are specified in the bidding documents with surety acceptable to the City; or if Principal shall fail to do so, pay to the City the sum determined herein as liquidated damages and not as a penalty, then this obligation shall be void; otherwise to remain in full force and effect.
Signed, sealed, and delivered this ______day of__________, _____.
Witness Principal (seal) by__________________________________
Title________________________________
Witness Surety (seal) by__________________________________
(Attach Power of Attorney) Attorney-in-fact
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