Exhibit I - Bid Bond.docx
DOCX document 26 KB Posted
- Attached to
- Conroy Road Line Rebuild
- Solicitation number
- S-R33123-00013422
- Issued by
- Wasco County, Oregon
About this file
This document is a Bid Bond for the Northern Wasco County People's Utility District related to the "Old Moody Road Line Rebuild Project". The bid bond represents a financial guarantee of 5% of the total bid amount, not to exceed a specified dollar value, which ensures the principal (bidder) will execute necessary contract documents and provide performance and payment bonds if their bid is accepted. The bond protects the District by requiring the bidder to either complete the contract as proposed or reimburse the District for any cost differences if another contractor must be selected.
The bid bond does not specify precise project costs, funding sources, or detailed project specifications. However, it indicates that the project involves utility infrastructure construction, specifically a line rebuild on Old Moody Road. The bond serves as a standard risk mitigation instrument in public works contracting, providing financial assurance to the Northern Wasco County People's Utility District that the selected contractor will fulfill their contractual obligations. The document is structured to be executed by the principal (bidder) and a surety, with spaces for signatures, dates, and corporate seals.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Exhibit C - Unit Rates.docx | DOCX document | |
| Exhibit H - Engineering Report.pdf | ||
| Exhibit J - Payment Bond.docx | DOCX document | |
| Exhibit K - Performance Bond.docx | DOCX document | |
| Exhibit E - HWY 216 CONLEY RD - PoleData.csv.kmz | KMZ file | |
| 01 - ITB - HIGHWAY 216 CONROY ROAD REBUILD ITB.docx | DOCX document | |
| Exhibit A - Personal Service Agreement.docx | DOCX document | |
| Exhibit D - Project Map.pdf | ||
| Exhibit E - KMZ File.kst | — | |
| Exhibit F - Individual Pole Construction Units.pdf | ||
| Pre-Bid Sign-In Sheet~1.pdf | ||
| Exhibit B - Schedule of Values.docx | DOCX document | |
| Exhibit G NWCPUD STANDARDS.pdf | ||
| Exhibit E~1.kmz | KMZ file | |
| ATTACHMENT 8 - Bidders Designation of Confidential Materials 13424.pdf |
Show all 15
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
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: “Old Moody Road Line Rebuild Project“
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 .