Exhibit C - Bid Bond.docx
DOCX document 26 KB Posted
- Attached to
- REQUEST FOR QUOTE - DUCTILE IRON POLES
- Solicitation number
- S-R33123-00012604
- Issued by
- Wasco County, Oregon
About this file
This is a Bid Bond document for the Northern Wasco County People's Utility District's Ductile Iron Pole Purchase 2025 project. The document outlines the requirement for a bid bond equal to five percent (5%) of the total bid amount, binding both the Principal (bidder) and Surety to the District for the construction of the Utilities Service Project.
The bond remains in effect until either the Principal executes the contract documents and provides any required Contractor's Bond or Bonds for performance and payment, or in case of failure to execute, pays the District the difference between the bid amount and the amount for which the District contracts with another party, not to exceed the penal sum of the bond. The document requires execution by both Principal and Surety representatives, with corporate seals and attestation by secretaries in 2023.
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Other files
| File | Type | Posted |
|---|---|---|
| 6994 NOIA.pdf | ||
| Exhibit B - Bid Form~1.xlsx | XLSX spreadsheet | |
| Exhibit A - Ductile Iron Pole Spec - 12092024.pdf | ||
| 01 - ITB - Ductile Iron Poles.pdf | ||
| Notice of Intent to Award - Ductile Iron Poles 2025.pdf |
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Text version
Bid Bond
1. Be It Known that we, , as Principal, and
| , as Surety, are held and firmly bound unto the Northern Wasco County People’s Utility District (hereafter called the “District”) in the penal of five percent (5%) of the amount of the bid referred to in paragraph 2 below, but not to exceed | |
| dollars($ | .00), as administrator set forth and for the payment of which well and truly to be made we bind ourselves, our executors, administrators, successors and assigns, jointly and severally, by these presents: |
2. WHEREAS, the Principal has submitted a bid to the District for the construction of the Utilities Service Project known as: Ductile Iron Pole Purchase 2025
3. NOW, THEREFORE, the condition of this obligation is such that if the District shall accept the bid of the Principal, and
a. The principal shall execute such contract documents, if any, as may be required by the terms of the bid and give such Contractor’s Bond or Bonds for the performance of the contract and for the prompt payment of labor and materials furnished for the Project as may be specified in the bid, or
b. In the event of the failure of the Principal to execute such contract documents, if any, and give such Contractor’s Bond or Bonds, if the Principal shall pay to the District the Difference, not to exceed the penal sum hereof, between the amount specified in the bond and such larger amount for which the District may in good faith contract with another party to construct the Project, Then this obligation shall be void, otherwise to remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed and their respective corporate seals to be affixed and attested by their duly authorized representatives this day of , 2023.
(SEAL)
PRINCIPAL
BY
Attest: SECRETARY TITLE
(SEAL)
SURETY
(SEAL)
PRINCIPAL
BY
Attest: SECRETARY TITLE
(SEAL) SURETY
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