R2016-37 TO APPROPRIATE MOTOR FUEL TAX FUNDS Lost Bridge Road

Home Browse Search

� � � ' ' �t�� '•��t Local Agency O� Tt�t15pOt'��KN1 Proposal Bid Bond ' Route Lost Bridge Road County Macon RETURN WITH BID �ocal Agency City of Decatur Section '�5-00527-00-GR , PAPER BID BOND WE Midwest Fence Corporation as PRINCIPAL, and Fidelity and Deposit Company of Maryland asSURETY, ' are held jointty,severally and firmly bound unto the above Local Agency(hereafter referred to as"LA")in the penal sum of 5%of the toial bid price,or for the amount specified in the proposal documents in effect on the date of invitation for bids whichever is the lesser sum. We bind ourselves,our heirs, executors,administrators,successors,and assigns,jointly pay to the LA this sum under the conditions of this instrument. ' WHEREAS THE CONDITION OF THE FOREGOING Q6LIGATION IS SUCH that,the said PRINCIPAL is submifting a written proposel to the LA acting tf�rough its awarding authority for the construclion of the work designated as the above section. THEREFORE if the proposai is accepted and a contract awarded to the PRINCIPAL by the LA for the above deslgnated section and the PRiNCIPAL shall within frfteen(15)days after award enter into a formal contract,furnish surety guaranteeing the faithful performance of the work,and furnish evidence ' of the required insurance coverage,all as provided in the"Standard Specifications for Road and Bridge Construction"and applicabie Supplementai Specfications,then this obligation shall become void;otherwise it shall remafn in full force and effect. IN THE EVENT the LA determines the Pf21NCIPAL has failed to enter into a formal conlract in compliance with any requirements set forth in tha preceding paragraph,then the LA acting through its awarding authority shall immediately be entitled to recover the full penal sum set out above,together t wilh all court costs,all attorney fees,and any other expense of recovery. IN TESTIMONY WHEREOF,the said PRINCIPAL and the said SURETY have caused this instrument to be signed by their respectiveofficersthis 17th dayof March, 2016. ' Principal Midwest Fence Cor oration -- l-.(Co y Nalne) (Company Name) By: ��';��lr�� '��>�v.�•{-L,t-y' gy: ' � i (Signature nd Title) (Signature and Title) pf PRINCIP�E is a joint venture of hvo or more contractors,the company names,and author'zed signatures of each contractor must be affixed.) Surety ' Fidelity and Deposit Company of Maryland By: �I (Name of Surety) S�gnature of orn -in act) STATE OF ILLINOIS, Carol A. D ugherty I CQUNTY OF L`d'K i ' L E�i Li�/.>�7tf u.�fi r-SC� , a Notary Public in and for said county, do hereby certify that ��,L4�,�T„ L�s�`�,:./ (insert names of mdrviduals sigrnng on behalt of PRINCIPAI S��lg� who are each personally known to me to be the same persons whose names are subscribed to the foregoing instrument on behalf of PRINCIPRL�rXi ' �f��R4�appeared before me this day in person and acknowledged respectively,that they signed and delivered said insiruments as their free�nd voluntary act for the uses and purposes therein set forth. Given under my hand and notarial seal this 17th day of March, 2016. � �� . <�n�'-�-C� � � �O��C.w..�.� My commission expires � �5 -�G� ��-�'�--- :t i�eaFT�Yy�gpN (Notary Public) �c.tary PubliC,$10M Of�f10�i ELECTRONIC BID BOND 2016 t ❑ Electronic bid bond is allowed(box must be checked by LA if electranic bid bond is allowed) '^' The Principal may submit an electronic bid bond,in lieu of completing the above section of the Proposal Bid Bond Form. By providing an electronic bid bond IQ code and signing below,the Principal Is ensuring the identified electronic bid bond has been executed and the Principal anc}Surety are firmiy bound unto the LA under the conditions of the bid bond as shown above. (If PRINCIPAL is a joint venture of two or more contractors,an electronic bid bond ID code,company/Bidder name title and date must be a�xed for each ' contractor in the venture:} Electronfc Bid Bond ID Code (Company/Bidder Name) � (Signature and Title} Date , Page 1 of 1 BLR 12230(Rev.7(05 Printed on 8/27/2015 11:24:41 AM r