Sample_Bid_Bond.pdf
PDF 35 KB Posted
- Attached to
- Liberty Street, Douglas Street to Denton Street
- Solicitation number
- CT226-07
- Issued by
- Ada County, Idaho
About this file
This document is a Bid Bond form for the Ada County Highway District (ACHD), designed to accompany a proposal submission for a contract. The form requires the Principal (bidder) and a Surety to guarantee 10% of the total proposal amount, ensuring that if awarded the contract, the Principal will enter into an agreement with ACHD within ten days and provide Performance and Labor and Material Payment bonds. The bond becomes void if these conditions are met, otherwise remaining in full effect.
The Bid Bond serves as a financial guarantee that protects ACHD by providing assurance that the winning bidder will follow through on contract requirements. The form is structured with spaces for the Principal and Surety to provide their details, signatures, and other necessary information, with a specific requirement that the Surety Agent's Power-of-Attorney must be attached. The document is marked as optional for use by the Contractor and Bonding Company, indicating flexibility in its application.
View the file
Other files
Show all 14
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
KNOW ALL MEN BY THESE PRESENTS, that we ___________________________________ _____________________________________ of _____________________________________ as Principal, and ______________________________________________________________ as Surety, are held and firmly bound unto the Ada County Highway District (hereinafter called ACHD) in the full and penal sum of ten percent (10%) of the total amount of the proposal of said Principal for the work hereinafter described, for the payment of which will and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, firmly by these presents.
The condition of this obligation is such that whereas the Principal has this day submitted a sealed proposal for:
(Contract Name) (Contract Number)
NOW, THEREFORE, if said Principal shall be awarded and shall duly make and enter into a contract with ACHD in accordance with the terms of said proposal and award, and shall within ten
(10) days (not including Saturdays, Sundays and legal holidays) after presentation of the contract furnish Performance and Labor and Material Payment bonds, then this obligation shall be null and void; otherwise, it shall be and remain in full force and effect.
IN WITNESS WHEREOF, the above bounden parties have executed this instrument this _____ day of _______________, 2025.
Witness: (if Individual or Firm) Principal:
Attest: (if Corporation) By:
Title:
Corporate Seal:
Attest
Surety:
By:________________________________ (Signature)
(Print Name)
(Title)
SURETY AGENT'S POWER-OF-ATTORNEY MUST BE ATTACHED
NOTE:
This form is included for optional use by the Contractor and Bonding Company.
File details come from the government source that posted it. Updated .