HomeMy WebLinkAboutAdden A - 00 80 00 1 - Bid Bond Form SUNSET NEIGHBORHOOD PARK, PHASE 2 - Bid Documents BID SET
SECTION 00 80 00 12 September 2019
Proposal Bid Bond
KNOW ALL MEN BY THESE PRESENTS, That we, [Contractor]
of[address] as Principal,
and [Surety]
a corporation duly organized under the laws of the State of
and authorized to do business in the State of Washington, as Surety, are held and firmly bound unto the
City of Renton in the sum of five (5) percent of the total amount of the bid proposal of said Principal for the
work hereinafter described, for the payment of which, well and truly to be made, we bind ourselves, our
heirs, executors, administrators and assigns, and successors and assigns,jointly and severally, firmly by
these presents.
The condition of this bond is such, that whereas the Principal herein is herewith submitting his/her or its
sealed proposal for the following construction, to wit:
said bid and proposal, by reference thereto, being made a part hereof.
NOW, THEREFORE, if the said proposal bid by said Principal be accepted, and the contract be
awarded to said Principal, and if said Principal shall duly make and enter into and execute said contract
and shall furnish performance bond as required by the City of Renton within a period of ten (10)days from
and after said award, exclusive of the day of such award, then this obligation shall be null and void,
otherwise it shall remain and be in full force and effect.
IN THE EVENT the Principal, following award, fails to execute an Agreement with the City of
Renton in accordance with the terms of the Proposal and furnish a performance bond with Surety or
Sureties approved by the City of Renton within ten (10)days from and after said award, then Principal
shall forfeit the Bid Bond/Bid Proposal Deposit or Surety shall immediately pay and forfeit to the City of
Renton the amount of the Proposal Bid Bond, as set forth in RCW 35A.40.200 and RCW 35.23.352.
IN TESTIMONY WHEREOF, the Principal and Surety have caused these presents to be signed and
sealed this day of
[Principal] [Surety]
[Signature of authorized official] [Signature of authorized official]
By:
[Title] [Attorney-in-Fact]
[Address]
[Telephone Number]
BID BOND FORM
00 80 00 01 - 1/1