ITB 24_0002 Bid Bond Oxford 2024 Resurfacing .pdf

Bid Bond ITB: 24-002

(Five Percent (5%) of Bid)

KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned

________________________________________________________, as CONTRACTOR, and

________________________________________________________, as SURETY, are hereby held and firmly bound unto the City of Oxford, in the penal sum of

_________________________________________________Dollars ($________________ ) for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors, and assigns.

Signed this_____________ day of____________________________ , 202____ .

The condition of the above obligation is such that whereas the CONTRACTOR has submitted to the City of Oxford a certain bid attached hereto and hereby made a part hereof to enter into a contract in writing for the construction of the

2024 Milling & Resurfacing. The work to be done consists of the furnishing of all materials, labor, and equipment for the complete construction including, but not limited to, maintaining traffic control measures, asphalt patching, milling existing pavement, installing tack coat, installing asphaltic concrete open graded crack relief interlayer, installing asphaltic concrete surface course, minor shoulder rehab with grassing, performing cleanup, and related work. The location of the work is at various locations within the City of Oxford, Georgia.

NOW, THEREFORE,

(a) If said bid shall be rejected or in the alternate,

(b) If said bid shall be accepted and the CONTRACTOR shall execute and deliver a Contract in the Form of Contract attached hereto (properly complete in accordance with said bid) and shall furnish a bond for his faithful performance of said Contract and for the payment of all persons performing labor or furnishing material in connection therewith, and shall in all other respects perform the agreement created by the acceptance of said bid, then this obligation shall be void, otherwise the same shall remain in force and effect; it being expressly understood and agreed that the liability of the surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated.

Bid Bond #_____________________

BID BOND

The SURETY, for value received, hereby stipulates and agrees that the obligations of said SURETY and its bond shall be in no way impaired or affected by any extension of the time within which the City of Oxford may accept such bids, and said SURETY does hereby waive notice of any such extension.

IN WITNESS WHEREOF, the CONTRACTOR and the SURETY corporate seals to be hereto affixed and these presents to be signed by their proper officers, the day and year first set forth above.

CONTRACTOR (SEAL)

By: ________________________________________________

SURETY (SEAL)

By: ________________________________________________

Representative

Surety Contact Information:

Address: ________________________________________________________

Phone: ________________________________________________________

Fax: ________________________________________________________

Email: ________________________________________________________

Surety companies executing bonds must appear on the Treasury Department’s most current list (Circular 570, as amended) and be authorized to conduct business in the State of Georgia.

Bid Bond ITB: 24-002