Exhibit 2 State of Oregon Bid Security Form.pdf
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- Solicitation number
- S-44300-00010048
- Issued by
- Lane County, Jacksonville City, Oregon
About this file
This document is a Bid Security Form for the State of Oregon's procurement for the Seclusion Room Renovation project at the Oregon State Hospital in Junction City. The Form binds the Principal and Surety to pay the State of Oregon up to 10% of the total bid amount if the Principal's proposal is accepted, the Principal is awarded the contract, but then fails to enter into and execute the contract within the specified timeframe or provide the required performance and payment bonds and insurance. The related state and local contract opportunity is for the Seclusion Room Renovation project at the Oregon State Hospital in Junction City, which is located in Lane County, Oregon.
The Bid Security Form does not contain details on pricing, set asides, incumbents, funding requirements and sources, or other salient information related to the contract opportunity. It solely focuses on the bid security requirements for this procurement.
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EXHIBIT 2
State of Oregon Bid Security Form
We, _____________________________________, as “Principal,” (Name of Principal) and ___________________________________, an _________________ Corporation, (Name of Surety) authorized to transact Surety business in Oregon, as “Surety,” hereby jointly and severally bind ourselves, our respective heirs, executors, administrators, successors and assigns to pay unto the State of Oregon (“Obligee”) the sum of ($_________________) ______________________________________ dollars.
WHEREAS, the condition of the obligation of this bond is that Principal has submitted its proposal or bid to an agency of the Obligee in response to Obligee’s procurement document (No. S-44300-00010048) for the project identified as: Seclusion Room Renovation Oregon State Hospital, Junction City which proposal or bid is made a part of this bond by reference, and Principal is required to furnish bid security in an amount equal to ten (10%) percent of the total amount of the bid pursuant to the procurement document and ORS 279C.365(4) for competitive bidding or 279C.400(5) for competitive proposals.
NOW, THEREFORE, if the proposal or bid submitted by Principal is accepted, and if a contract pursuant to the proposal or bid is awarded to Principal, and if Principal enters into and executes such contract within the time specified in the procurement document and executes and delivers to Obligee its good and sufficient performance and payment bonds required by Obligee, as well as any required proof of insurance, within the time fixed by Obligee, then this obligation shall be void; otherwise, it shall remain in full force and effect.
IN WITNESS WHEREOF, we have caused this instrument to be executed and sealed by our duly authorized legal representatives this ________________day of _________________________, 20__.
PRINCIPAL: ______________________________ SURETY: __________________________
By________________________________________ BY ATTORNEY-IN-FACT:
Signature
Official Capacity Name
Attest: ____________________________________ ___________________________________ Corporation Secretary Signature
Address
City State Zip Phone Fax or E-mail
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