PERFBOND.DOC
DOC document 45 KB Posted
- Solicitation number
- 2024-10-40-54022
- Issued by
- Kit Carson County, Colorado
About this file
The document is a Performance Bond for a state and local contract opportunity in Colorado, involving the Webster Avenue and Fay Street Roadway Improvement Projects. The project encompasses roadway improvements in two phases: Webster Avenue Phase 2 (from 8th Street to Lincoln Street) and the Fay Street Roadways Improvement Project. The scope of work includes repairing and replacing curb and gutter with concrete work, performing a 2-inch mill and compacted 2-inch overlay of asphalt street surfaces, and incorporating incidental construction materials. The project will be completed in accordance with Colorado Department of Transportation Standard Specifications for Road and Bridge Construction and Colorado Department of Transportation M & S Standard Plans.
The Performance Bond document does not provide specific details about pricing, funding sources, or contract amounts. It serves as a legal instrument guaranteeing the contractor's performance and protecting the owner from potential financial losses or defaults. The bond covers the original contract term, potential extensions, and includes a two-year guaranty period. The surety company executing the bond must be listed on the Treasury Department's current list and authorized to conduct business in Colorado. The bond ensures that the contractor will faithfully perform all contract duties and satisfy all claims and demands related to the project.
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Other files
| File | Type | Posted |
|---|---|---|
| PAYBOND.DOC | DOC document | |
| BIDBOND.DOC | DOC document | |
| Agreement.doc | DOC document | |
| 2024 BID FORM.ADDENDUM.docx | DOCX document | |
| NOTICPRO.DOC | DOC document | |
| Project Bid Form.pdf | ||
| ADVERTISEMENT FOR BIDS.2024.docx | DOCX document | |
| BFAY_Bid Form.pdf | ||
| General Notes. Specifications. Drawings.2024 Webster Av.pdf | ||
| BFAY_Final Plans.pdf | ||
| SGC.doc | DOC document | |
| GENERAL CONDITIONS.doc | DOC document | |
| NOTICAWD.DOC | DOC document |
Show all 13
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Text version
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS: that
ADVANCE \U 7.20
(Name of Contractor)
ADVANCE \U 7.20(Address of Contractor) a , hereinafter called Principal, ADVANCE \U 7.20(corporation, partnership or individual) and
ADVANCE \U 7.20(Name of Surety)
ADVANCE \U 7.20(Address of Surety) hereinafter called Surety, are held and firmly bound unto
ADVANCE \U 7.20(Name of Owner)
ADVANCE \U 7.20(Address of Owner) hereinafter called OWNER, in the penal sum of
DOLLARS ($ )
in lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, successors, and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal entered into a certain contract with the OWNER, dated the day of
20___, a copy of which is hereto attached and made a part hereof for the construction of:
NOW, THEREFORE, if the Principal shall well, truly and faithfully perform its duties, all the undertakings, covenants, terms, conditions, and agreements of said contract during the original term thereof, and any extensions thereof which may be granted by the OWNER, with or without notice to the Surety and during the two-year guaranty period, and if he shall satisfy all claims and demands incurred under such contract, and shall fully indemnify and save harmless the OWNER from all costs and damages which it may suffer by reason of failure to do so, and shall reimburse and repay the OWNER all outlay and expense which the OWNER may incur in making good any default, then this obligation shall be void; otherwise to remain in full force and effect.
PROVIDED, FURTHER, that the said Surety for value received hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract or to the WORK to be performed thereunder or the SPECIFICATIONS accompanying the same shall in any wise affect its obligation on this BOND, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the contract or to the WORK or to the SPECIFICATIONS.
PROVIDED, FURTHER, that no final settlement between the OWNER and the CONTRACTOR shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied.
IN WITNESS WHEREOF, this instrument is executed in counterparts, each one of which ADVANCE \U 7.20 (number) shall be deemed an original, this the day of , 20 .
ATTEST:
Principal
By:
(Principal) Secretary
(SEAL)
(Witness as to Principal)
(Address)
(Address)
ATTEST:
(Surety) Secretary
(Surety)
(SEAL)
By:
Witness as to Surety
Attorney-in-Fact
(Address)
(Address)
NOTE:
Date of BOND must not be prior to date of Contract.
If CONTRACTOR is Partnership, all partners should execute BOND.
IMPORTANT: Surety companies executing BONDS must appear on the Treasury Department's most current list (Circular 570 as amended) and be authorized to transact business in the State where the PROJECT is located.
File details come from the government source that posted it. Updated .