SBP-6.14 Bid Bond_2025.docx
DOCX document 35 KB Posted
- Attached to
- Newsom West Site Improvements
- Solicitation number
- DQ-2025-026-BC
- Issued by
- Larimer County, Colorado
About this file
The document is a Bid Bond template issued by the State of Colorado Office of the State Architect's State Buildings Program, specifically designed for the Newsom West Site Improvements project at Colorado State University. The bid bond requires the Principal (bidding contractor) to maintain their proposal in full force for 30 days after proposal opening, with the potential to execute a contract, provide required performance and payment bonds, and submit necessary insurance documentation and certifications. The bond serves as a financial guarantee, with a liquidated damages provision of 5% of the total bid price.
The bid bond outlines standard procurement requirements for state construction projects, including mandatory documentation such as a power of attorney and specific signing protocols for corporations, individuals, and partnerships. The financial instrument protects the State of Colorado by ensuring bidder commitment and providing recourse if the selected contractor fails to fulfill contractual obligations. While the specific project details are limited in this document, the related contract opportunity indicates the project involves site improvements at the Newsom Hall Dormitory on the Colorado State University main campus, with Facilities Management seeking competitive quotes from qualified contractors.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 241003D Newsom West Site Improvements 100% CDs.pdf | ||
| DQ-2025-026-BC Newsom West Site Improvements.pdf | ||
| SC6.21 DBB A_2025 R1.docx | DOCX document | |
| SC6.23 DBB GC_2025.pdf |
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Text version
STATE OF COLORADO
OFFICE OF THE STATE ARCHITECT
STATE BUILDINGS PROGRAM
BID BOND
Institution or Agency:
Project No./Project Name:
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, hereinafter called the “PRINCIPAL”, is submitting a PROPOSAL for the above described project, to the STATE OF COLORADO, hereinafter called the “OBLIGEE”.
WHEREAS, the Advertisement for Bids has required as a condition of receiving the Proposals that the Principal submit with the PROPOSAL GUARANTY in an amount not less than five per cent (5%) of the Proposal, which sum it is specifically agreed is to be forfeited as Liquidated Damages in the event that the Principal defaults in his obligation as hereinafter specified, and, in pursuance of which Requirement, this Bid is made, executed and delivered.
NOW THEREFORE, the Principal and a corporation of the State of , duly authorized to transact business in Colorado, as Surety, are held and firmly bound unto the Obligee, in the sum of five per cent (5%) of the Principal’s total bid price, lawful money of the United States for the payment of which sum, well and truly to be made to the Obligee, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
FURTHER THAT, a condition of the obligation that the Principal shall maintain his Proposal in full force and effect for thirty (30) days after the opening of the proposals for the project, or, if the Principal’s Proposal is accepted, the Principal shall, within the prescribed time, execute the required Agreement, furnish the required Performance Bond, Labor and Material Payment Bond, Insurance Policy, Certificates of Insurance and Certification and Affidavit Regarding Illegal Aliens, then this obligation shall be null and void, otherwise it shall remain in full force and effect, and subject to forfeiture upon demand as Liquidated Damages.
IN WITNESS WHEREOF said Principal and Surety have executed this Bond, this ____ day
| of ________________________, A.D., 20 | . | |
| (Corporate Seal) | THE PRINCIPAL |
Company Name
| ATTEST | _________________________________________________ | ||
| Address | |||
| _________________________________________________ | |||
| City, State Zip Code |
| By ________________________________________ | _________________________________________________ | |
| Name (Print) | Signature |
Name (Print) and Title If the “Principal” is doing business as a Corporation, the Bid Bond shall be signed by an officer, i.e., President or Vice President. The signature of the officer shall be attested to by the Secretary and properly sealed.
If the “Principal” is an individual or a partnership, the Bid Bond shall so indicate and be properly signed.
| (Corporate Seal) | THE SURETY | |
| _________________________________________________________ |
| ____________________________________________ | By_________________________________________________ | |
| Secretary | Attorney-in-Fact |
THIS BOND MUST BE ACCOMPANIED BY POWER OF ATTORNEY, EFFECTIVELY DATED.
FAILURE TO PROVIDE A PROPERLY EXECUTED BID BOND WITH A PROPERLY EXECUTED POWER OF ATTORNEY WILL RESULT IN THE BIDDER’S PROPOSAL BEING DEEMED NON-RESPONSIVE.
SBP-6.13
Rev 7/2025 image1.jpeg
File details come from the government source that posted it. Updated .