Doc EE Bid Bond.pdf
PDF 207 KB Posted
- Attached to
- 26-11 Cla953734C (Clay) RFB
- Solicitation number
- 26-11 Cla953734C (Clay)
- Issued by
- Clinton County, Iowa
About this file
This is a Proposal Guarantee (Bid Bond) document issued by the State of Iowa Department of Agriculture and Land Stewardship, Division of Soil Conservation and Water Quality for the Nutrient Reduction Wetland Project. The project is located in Section 34, Township 95 North, Range 37 West, Clay County, Iowa, with Project ID Cla953734C and Bid No. 26-11. The bid bond serves as a proposal guarantee requiring the principal contractor and surety to bind themselves to the State of Iowa in a penal sum to be specified. The principal must submit a sealed contract proposal in accordance with the terms outlined in the Proposal and Schedule of Prices (Document CC). If the proposal is accepted, the principal is required to enter into the contract within fourteen (14) days of award approval and furnish a performance bond as specified by the Division.
The bid bond document establishes the financial guarantee mechanism for the project without specifying the penal sum amount, contract pricing, or other financial terms in this particular document. The liability of the surety is limited to the penal sum stated in the obligation. The principal and all partners in the case of a partnership must execute the document with proper authorization from their governing body. The proposal will be null and void if rejected by the Division or if accepted and the principal fulfills the contract and performance bond requirements as specified.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Bid Book.pdf | ||
| Specifications.pdf | ||
| Schedule of Prices.pdf | ||
| Design Report.pdf | ||
| Doc CC Proposal - Acknowledgement - Affidavit.pdf | ||
| Wetland QA QC Plan.pdf | ||
| Plans.pdf | ||
| Notice to Bidders 09-25-26.pdf |
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Text version
Cla953734C Nutrient Reduction Wetland Project DOCUMENT EE Bid No. 26-11 PROPOSAL GUARANTEE (BID BOND)
EE-1
State of Iowa Iowa Department of Agriculture and Land Stewardship
DIVISION OF SOIL CONSERVATION AND WATER QUALITY
KNOW ALL PERSONS BY THESE PRESENTS:
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 presents.
The conditions of this obligation are such that whereas the PRINCIPAL is herewith submitting to 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:
Nutrient Reduction Wetland Project
Section 34, Township 95 North, Range 37 West, Clay County, Iowa
Project ID: Cla953734C
Bid No. 26-11
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 CC) 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 fails to enter into the contract as defined herein or fails to furnish the performance bond as noted above, within fourteen (14) 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
, 20_______, the name and corporate seal of each party being hereto affixed and these presents duly signed by its undersigned representative pursuant to authority of its governing body.
PRINCIPAL SURETY
By By
Print Name:
If a partnership, all partners must sign.
END OF DOCUMENT EE
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