Doc D IMPACS.pdf
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- MM Mock Bid 1
- Solicitation number
- Not on record
- Issued by
- Iowa
About this file
This is a Proposal Guarantee Bond document issued by the Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality, for the Memmelaar West AML Reclamation Project located in the Southwest 1/4 of Section 1, Township 75 North, Range 17 West, Mahaska County, Iowa. The bond is associated with Bid No. IA-362 and requires the principal and surety to bind themselves in a penal sum to be determined by the bidder. The bond guarantees that if the proposal is accepted by the Division, the principal will execute the contract in the form specified by the Division and provide a performance bond within thirty days of award approval. The bond terms establish that if the principal fails to enter into the contract or furnish the required performance bond within the thirty-day period, the principal and surety agree to forfeit the penal sum to the Division, with the surety's liability capped at the stated penal sum amount.
The document requires execution by authorized representatives of both the principal and all applicable sureties, with corporate seals affixed where applicable. For partnerships, all partners must execute the bond. The bond is dated 2026 and is part of the broader procurement package that includes additional IMPACS documents (Doc C and Doc F) containing the Schedule of Prices and other project specifications. This proposal guarantee bond is a standard risk mitigation instrument requiring bidders to demonstrate financial commitment and ensure contractual compliance.
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Other files
| File | Type | Posted |
|---|---|---|
| Doc C IMPACS.pdf | ||
| 1419781-event.pdf | ||
| Doc F IMPACS.pdf |
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Text version
MEMMELAAR WEST AML RECLAMATION PROJECT DOCUMENT D (02/2023)
BID NO. IA-362 PROPOSAL GUARANTEE BOND
D-1
STATE OF IOWA
IOWA DEPARTMENT OF AGRICULTURE AND LAND STEWARDSHIP
DIVISION OF SOIL CONSERVATION AND WATER QUALITY
KNOW ALL MEN BY THESE PRESENT:
That we, _______________________________________ of as PRINCIPAL, and _____________________________________________ of _______________________________________________ as SURETY(S), are hereby held and firmly bound unto the State of Iowa in the penal sum of _____________________________________________________/100 Dollars ($_____________) for the payment, whereof, the said PRINCIPAL and SURETY(S) bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these present.
The conditions of this obligation are such that whereas the PRINCIPAL is herewith submitting to the State of Iowa, acting by and through the Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality, hereinafter called the DIVISION, its sealed Contract for the following:
Memmelaar West AML Reclamation Project Southwest 1/4 of Section 1, Township 75 North, Range 17 West, Mahaska County, Iowa Bid No. IA-362
NOW THEREFORE, the conditions of this obligation are such that, if said proposal is rejected by the DIVISION, or if said proposal is accepted by the DIVISION and the PRINCIPAL shall enter into a Contract in the form specified by the DIVISION in accordance with the terms of the Proposal and Schedule of Prices (Document C) and shall furnish a bond for the faithful performance of said Contract in the form specified by the DIVISION, this obligation shall be null and void.
Otherwise, it shall remain in full force and effect.
In the event that the said proposal is accepted by the DIVISION and the PRINCIPAL shall fail to enter into the Contract as defined herein or shall fail to furnish the performance bond as noted above, within thirty (30) days of the approval of the award, the PRINCIPAL and SURETY(S) agree to forfeit to the DIVISION the penal sum herein mentioned, it being understood that the liability of the SURETY(S) shall in no event exceed the penal sum or this obligation.
IN WITNESS WHEREOF, the above bounden parties have executed this instrument under their several seals this_______________ day of _____________________________, 2026, the name and corporate seal of each party being hereto affixed and these present duly signed by its undersigned representative pursuant to authority of its governing body.
PRINCIPAL
SURETY
BY: BY:
Signature Signature
Print Name Print Name
BY:
Signature
Print Name
If a partnership, all partners must sign.
END OF DOCUMENT D
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