UCB001319-05.00-Bid Bond.docx
DOCX document 35 KB Posted
- Solicitation number
- Notice No. 25-70
- Issued by
- Boulder County, Colorado
About this file
This document is a Bid Bond for a state contract issued by the Colorado Office of the State Architect, specifically for the University of Colorado Boulder. The project, identified as UCB001319-PDPS-CHW Expansion and Service, involves upgrading the Chilled Hot Water (CHW) distribution system to support future expansion and provide a new 4" service to the PDPS Building. The project will be executed while adjacent CHW systems remain energized and buildings continue to be fully operational and occupied.
The Bid Bond requires the principal to maintain their proposal for 30 days after proposal opening and mandates a proposal guarantee of 5% of the total bid price. If the principal's proposal is accepted, they must execute the required agreement, provide performance and payment bonds, submit insurance policies and certificates, and complete necessary certifications. The bond serves as a financial guarantee and potential liquidated damages mechanism, ensuring the bidder's commitment to the project terms and conditions. Failure to provide a properly executed Bid Bond with a valid Power of Attorney will result in the 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 or Agency: University of Colorado Boulder Project No./Project Name: UCB001319-PDPS-CHW Expansion and Service
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
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