Doc D IMPACS.pdf
PDF 433 KB Posted
- Attached to
- AML MOCK 2
- Solicitation number
- IA-MOCK BID 2
- Issued by
- Iowa
About this file
This is a Proposal Guarantee Bond (Document D) 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, under Bid No. IA-362. The bond serves as a guarantee that the bidder will execute the contract if their proposal is accepted by the Division. The document requires the principal and surety to be bound in a penal sum (amount to be filled in) to ensure compliance with contract terms and conditions. If the proposal is rejected, the bond obligation becomes null and void. However, if the proposal is accepted and the principal fails to enter into the contract or furnish the required performance bond within thirty days of award approval, the principal and surety forfeit the penal sum to the Division.
The bond must be executed and signed by authorized representatives of both the principal and any sureties, with corporate seals affixed as applicable. If the bidder is a partnership, all partners must provide signatures. The document is dated 2026 and represents a standard contractual safeguard requiring bidders to demonstrate financial and operational commitment to the project. The liability of the surety is capped at the penal sum stated in the bond. This guarantee bond is a prerequisite component of the sealed bid submission process and protects the state agency against non-performance or failure to bond after contract award.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Doc C IMPACS.pdf | ||
| 1420461-event.pdf | ||
| Doc F IMPACS.pdf |
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
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
File details come from the government source that posted it. Updated .