Doc D IMPACS.pdf
PDF 433 KB Posted
- Attached to
- AML MOCK 3
- Solicitation number
- 009-RFB-2953-2027
- Issued by
- Scott County, Iowa
About this file
This document is a Proposal Guarantee Bond form issued by the Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality for the Memmelaar West AML Reclamation Project (Bid No. IA-362) located in the Southwest 1/4 of Section 1, Township 75 North, Range 17 West, Mahaska County, Iowa. The bond secures the principal's commitment to submit a sealed contract proposal for this Abandoned Mine Land reclamation project. Upon proposal acceptance by the Division, the principal agrees to enter into the formal contract using the form specified by the Division and in accordance with the terms outlined in the Proposal and Schedule of Prices (Document C), as well as to furnish a performance bond in the specified form. The principal must complete these obligations within thirty (30) days of award approval.
The Proposal Guarantee Bond requires the principal and surety to be jointly and severally bound to the State of Iowa in a penal sum amount to be specified by the bidder. Should the Division reject the proposal or should the proposal be accepted but the principal fails to execute the formal contract or provide the required performance bond within the thirty-day timeframe, the principal and surety agree to forfeit the penal sum to the Division. The surety's liability is capped at the penal sum stated in the obligation. The bond must be executed and sealed by authorized representatives of both the principal and surety, with all partners required to sign if the principal is a partnership entity. The document is dated for execution in 2026.
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Other files
| File | Type | Posted |
|---|---|---|
| Doc C IMPACS PG 3.pdf | ||
| Doc C IMPACS PG 1-2.pdf | ||
| 1421041-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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