Exhibit E - Bid Bond.docx

DOCX document 26 KB Posted

Attached to
SKOV SUBSTATION TRANSFORMER PURCHASE: REQUEST FOR PROPOSAL
Solicitation number
S-R33123-00011021
Issued by
Wasco County, Oregon

About this file

This document is a Bid Bond for the "Skov Substation Transformers" project being constructed by the Northern Wasco County People's Utility District (the "District"). The Bid Bond is a guarantee that if the Principal's bid is accepted, the Principal will execute the required contract documents and provide the necessary performance and payment bonds. If the Principal fails to do so, the Bid Bond will be forfeited up to the penal sum to cover the District's costs of contracting with another party.

The related state and local contract opportunity is for the SKOV Substation Transformer Purchase, where the Northern Wasco County PUD is seeking proposals for two 32/36/40 transformers to be furnished and installed within the City limits of The Dalles, Oregon. The project is located in Wasco County, Oregon. No additional details are provided regarding response dates, site visits, award dates, or contract term.

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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: “Skov Substation Transformers“

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

File details come from the government source that posted it. Updated .