SBP-6.14 BidBond.docx
DOCX document 18 KB Posted
- Attached to
- Loma Port of Entry - ANS Traffic Rerouting
- Solicitation number
- IFB1 PMAA 2027000042 2
- Issued by
- Larimer County, Colorado
About this file
This is a Bid Bond template document issued by the State of Colorado Office of the State Architect, State Buildings Program, for use in state construction projects. The bid bond serves as a proposal guaranty required as a condition of bid submission. Bidders must submit the bid bond with their proposal and maintain their proposal in full force and effect for thirty (30) days after proposal opening. If a bidder's proposal is accepted, the bidder must execute the required agreement, furnish performance bond, labor and material payment bond, insurance policy, and certificates of insurance within the prescribed timeframe. Failure to meet these obligations renders the bid bond subject to forfeiture as liquidated damages.
The bid bond amount is set at five percent (5%) of the principal's total bid price, payable to the State of Colorado. The bond must be executed by a surety corporation authorized to conduct business in Colorado and accompanied by a properly executed power of attorney, effectively dated. Corporate bidders must have the bond signed by an officer such as president or vice president, with the signature attested by the secretary and sealed with the corporate seal. Individual or partnership bidders must execute the bond according to their respective business structure. 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.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Loma POE Appendices.pdf | ||
| Loma POE ANS - Addendum No. 1.pdf | ||
| Loma POE Bidding Information and Specifications.pdf | ||
| 2026 Loma POE Drawings.pdf |
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
STATE OF COLORADO
OFFICE OF THE STATE ARCHITECT
STATE BUILDINGS PROGRAM
BID BOND
Institution/Agency:
Project No./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, and Certificates of Insurance, 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 (including city, state and zip)
Secretary
Phone number:
Name (Print)
Signature
Name (Print) and Title
SIGNATURES 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-6.14
Rev. 7/2022 image1.jpg
File details come from the government source that posted it. Updated .