Solicitation_Bond.pdf

SOLICITATION BOND

STATE OF MINNESOTA

DEPARTMENT OF ADMINISTRATION

SOLICITATION BOND TO ACCOMPANY CONSTRUCTION

AND MAINTENANCE RESPONSES

KNOW ALL MEN BY THESE PRESENTS, that we as Principal, and as Surety, are held and firmly bound unto the State of Minnesota as Obligee, in the sum of 5% of the bid amount for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, and firmly by these presents.

Dated this ____ day of _________ A. D. 20____.

The condition of this obligation is such that whereas the Principal has submitted the accompanying response for the articles described in 2026-934 & Itasca State Park Re-Keying Project.

NOW, THEREFORE, if the aforesaid Principal shall be awarded a contract upon said response, and shall within the required number of days after the notice of such award, enter into a contract with the State of Minnesota, and give bond for the faithful performance of the contract as may be required, then this obligation shall be null and void; otherwise the Principal and Surety will pay unto the Obligee the sum of 5% of the bid amount not as a penalty, but as liquidated damages sustained by the State of Minnesota as a result of such failure.

Principal

Signature

Title

Surety

Attorney-in-fact

INDIVIDUAL AND CO-PARTNERSHIP ACKNOWLEDGMENT

STATE

COUNTY

On this day of , 20 before me personally appeared to me known to be the person(s) described in and who executed the foregoing bond, and acknowledged that he/she/they executed the same as a free act and deed.

(Notarial Seal) (Notary Signature)

LIMITED LIABILITY COMPANY ACKNOWLEDGMENT FOR PRINCIPAL

COUNTY

On this day of , 20 before me appeared and , to me personally known, who being by me duly sworn, did say that they are respectively and of , a Limited Liability Company; and that said instrument was executed on behalf of the Limited Liability Company by authority of its Management Committee; and they acknowledged said instrument to be the free act and deed of the Limited Liability Company.

CORPORATE ACKNOWLEDGMENT FOR PRINCIPAL

COUNTY

On this day of , 20 before me appeared and , to me personally known, who being by me duly sworn, did say that they are respectively and of , a Corporation; and that said instrument was executed on behalf of the Corporation by authority of its Board of Directors; and they acknowledged said instrument to be the free act and deed of the Corporation.

AFFIX HERE ACKNOWLEDGMENT OF CORPORATE SURETY

The form of this bond has been prescribed by the Commissioner of Administration and approved by the Attorney General of Minnesota.

Full Name of Surety Co.

Home Office Address (Street)

City, State and ZIP Code

Name of Attorney-in-fact

Name of Local Agency

Address of Local Agency (Street)

City, State and Zip Code

INSTRUCTIONS

Return all documents to the Contract Officer.

NOTE: It is preferred and highly desirable that they should all be signed and dated the same date.

REQUIRED SIGNATURES:

The documents must be signed by an officer of your company, e.g., president, vice president, assistant vice president, corporate secretary, assistant corporate secretary, treasurer, or assistant treasurer, etc.

If your company is a corporation, the signature of one corporate officer is binding. If your company is a Limited Liability Company, the signature of one company officer is binding. If your company is a partnership, the signature of one partner is binding.

If someone other than the company officers listed above (e.g., manager, sales manager, executive assistant, etc.) signs the document, evidence of his or her authority to do so must accompany the documents. The evidence can be either:

o A corporate power of attorney, or o A certified copy of a board resolution authorizing the alternate signature with a letter attached and signed by a company officer stating the resolution is in force and effect. The letter or resolution must be dated the same date as the other required documents.

NOTARY REQUIRED:

The Corporate Acknowledgment for the Contractor, or the Limited Liability Company Acknowledgment for Principal, or the Individual Co-Partnership Acknowledgment must be notarized.

The notary date must be dated the same date as or later than the date the other Contract documents were signed.

A notarial seal and/or stamp must be affixed. The State of Minnesota does not require a corporate seal to be attached.

The date the notary’s commission expires must be included.

CONTRACT BOND:

You must attach a power of attorney and a separate acknowledgment of corporate surety. The certified copy of the Power of Attorney must contain the statement that the Power of Attorney is in full force and effect.

The power of attorney must be an original or a “wet” form. A printed form power of attorney will only be accepted if an original stamp or seal is affixed.

The power of attorney and the acknowledgment of corporate surety must be dated the same as the date your attorney-in-fact signed the bond or a later date.

Bonds must be executed on the State of Minnesota Bond Form supplied with the Contract.

INSURANCE:

INSURANCE FORMS MUST SPECIFICALLY LIST ALL THE COVERAGE TYPES AND DETAILS THAT

ARE SHOWN IN THE STATE'S SPECIFICATIONS. Only Certificates that show all the required coverage types and details can be approved.