SBP6.14 Bid Bond R7-2022.docx
DOCX document 18 KB Posted
- Attached to
- Rockwell Hall Courtyard Remodel Landscaping
- Solicitation number
- DQ-2025-017-BC
- Issued by
- Larimer County, Colorado
About this file
This document is a Bid Bond template issued by the State of Colorado Office of the State Architect State Buildings Program for a specific project at Colorado State University. The bid bond relates to the Rockwell Hall Courtyard Remodel Landscaping project, for which Facilities Management is seeking competitive documented quote responses from qualified landscaping and irrigation contractors. The bid bond requires the principal (bidding contractor) to maintain their proposal in full force for 30 days after proposal opening, and if awarded, to execute the required agreement, performance bond, labor and material payment bond, and provide necessary insurance documentation.
The bid bond mandates a proposal guaranty of 5% of the total bid price, which would be forfeited as liquidated damages in the event of default by the principal. The document outlines specific requirements for corporate signatures, including provisions that if the principal is a corporation, the bid bond must be signed by an officer (President or Vice President) and attested by the Secretary with a corporate seal. A power of attorney must accompany the bid bond, and failure to provide a properly executed bid bond and power of attorney will result in the bidder's proposal being deemed non-responsive.
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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 .