R2017-56 Contract with Dunn Company for Street Restoration CP 2017-08

Home Browse Search

Illinois Department Local Agency of Transportation Proposal Bid Bond Route various County Macon RETURN WITH BID Local Agency City of Decatur Section 17-00708-00-FP PAPER BID BOND WE Dunn Company as PRINCIPAL, and United Fire&Casualty Company as SURETY, ' are held jointly,severally and firmly bound unto the above Local Agency(hereafter referred to as"LA")in the penal sum of 5%of the total 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 OBLIGATION IS SUCH that,the said PRINCIPAL is submitting a written proposal to the LA acting ' through its awarding authority for the construction of the work designated as the above section. THEREFORE if the proposal is accepted and a contract awarded to the PRINCIPAL by the LA for the above designated section and the PRINCIPAL shall within fifteen(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 applicable Supplemental ' Specifications,then this obligation shall become void;otherwise it shall remain in full force and effect. IN THE EVENT the LA determines the PRINCIPAL has failed to enter into a formal contract in compliance with any requirements set forth in the preceding paragraph,then the LA acting through its awarding authority shall immediately be entitled to recover the full penal sum set out above,together ' with 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 respective officers this 10th day of April,2017 ' Principal Dunn C pany 11 / (Company Name) (Company Name) By: By: ' 4$6p.( r_ VAfA)f (Signature and Title) �� P i� (Signature and Title) (If PRINCIPLE is a joint venture of two or more contractors,the company names, nd aut ized signatures of each ontractor must be affixed.) Surety ' united Fire&Casualty Company By: (Name of Surety) (Signature of Attorne -i -Fact) STATE OF ILLINOIS, ' COUNTY OF Macon 1. Amanda Rhoades a Notary Public in and for said county, do hereby certify that Ronald A Koopman (Insert names of individuals signing on behalf of PRINCIPAL&SURETY) who are each personally known to me to be the same persons whose names are subscribed to the foregoing instrument on behalf of PRINCIPAL and SURETY,appeared before me this day in person and acknowledged respectively,that they signed and delivered said instruments as their free and voluntary act for the uses and purposes therein set forth. ' Given under my hand and notarial seal this 10th day of April,2017 My commission expires July 21, 2018 "OFFICIAL S1=AL," q blicAMANDA RH115ABES )NOTARY PUBLIC,STATE OF ILLINOISELECTRONIC BID BOND MY COMMISSION E PIRES 07-21.2 18M Electronic bid bond is allowed (box must be checked by LA if electronic bid bond is 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 ID code and signing below, the Principal is ensuring the identified electronic bid bond has been executed and the Principal and Surety are firmly 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 affixed for each contractor in the venture.) Electronic Bid Bond ID Code (Company/Bidder Name) ' (Signature and Title) Date Page 1 of 1 BLR 12230(Rev.7/05 ' Printed on 4/4/2017 9:49:29 AM