HomeMy WebLinkAbout22BID BOND FORM
H:rewith find deposit in the form of a certified check, cashier's check, cash,
o bid bond in the amount of which amount is not less than five
percent of the total bid.
Sign Here
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BID BOND
Know All Men By These Presents:
That we, as Principal.
and as Surety, are
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held and firmly bound unto the City of Rr=nton, as Obligee, in the penal sum of
Dollars, for the pa_�,ment
of which the Principal and the Surety bind themselves, their heirs, executors,
administrators, successors and assigns. jointly and severally, by these presents.
The condition of this obligation is such that if the Obligee shall make any
award to the Principal for
to the terms of the proposal or bid made by the Princfpal therefor,
:ccording
nd the Principal shall duly rnake and enter into a contract with the Obligee in
accordance with the terms of said proposal or bid and award and shall give bond
for the faithful performance thereof, with Surety or Sureties approved by the
Obligee; or if the Principal shall, incase of failure to do so, pay and forfeit
to the Obligee the penal amount of the deposit specified in the call for bids,
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then this obligation shall be null and void; otherwise it shall be and remain
in full force and effect and the Surety shall forthwith pay and forfeit to the
Ob igee as p nal y a�)d iquiclated damages, the amount of this bond.
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SIGNED, SEALED AND DATED THIS DAY OF 19
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JW
Principal
Surety
19
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Received return of deposit in the sum of $