Surety_Bond.pdf

PDF 110 KB Posted

Attached to
DNR RFB Big Stone WMA Wetland Enhancement
Solicitation number
2000016202
Issued by
Big Stone County, Minnesota

About this file

This document is a Solicitation Bond for the State of Minnesota Department of Administration related to a construction and maintenance contract opportunity for the 2025-192 Big Stone Wildlife Management Area Wetland Enhancement project. The bond requires the bidder to provide 5% of the bid amount as a surety, which will be forfeited if the successful bidder fails to enter into a contract and provide the required performance bond after being awarded the contract. The bond must be submitted with the bid response, which is due on an unspecified date.

The contract is for construction and maintenance services related to a wetland enhancement project. Pricing terms, set-asides, incumbent information, and funding sources are not provided in this document. The contract term and any renewal options are also not specified.

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Text version

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 2025-192 Big Stone Wildlife Management Area Wetland Enhancement

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

File details come from the government source that posted it. Updated .