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C~ <br />r SECTION 00140 <br />BID BOND <br />KNOW ALL MEN BY THESE PRESENT, that we, the undersigned <br />' as Principal, and as Surety, are hereby <br />held and firmly bound unto the City of Greeley, Colorado, as Owner, in the penal sum of <br />for the Payment of which, well and truly to be made, we hereby jointly and <br />' severally bind ourselves, successors, and assigns. <br />THE CONDITION of this obligation is such that whereas the Principal has submitted to the <br />City of Greeley, Colorado, the accompanying bid and hereby made a part hereof to enter into <br />a Contract Agreement for the construction of City of Greeley Project, <br />' 25T" AVENUE SLURRY WALL PROJECT <br />' WHEREAS, the Owner, as condition for receiving said bid, requires that the Principal to <br />deposit with the Owner as Bid Guaranty equal to five percent (5%) of the amount of said bid. <br />NOW, THEREFORE, <br />(a) If said bid shall be rejected; or in the alternate, <br />(b) If said bid shall be accepted and the Principal shall execute and deliver a Contract <br />' Agreement (properly completed in accordance with said bid) and shall furnish a Performance and <br />Payment Bond upon the forms prescribed by the Owner for the faithful performance of said <br />Agreement; and shall in all other respects perform the agreement created by the acceptance of <br />said bid; <br />then this obligation shall be void, otherwise the same shall remain in force and effect; it being <br />' expressly understood and agreed that the liability of the Surety for any and all claims hereunder <br />shall, in no event, exceed the penal amount of this obligation as herein stated. <br />' The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety <br />and its bond shall 6e in no way impaired or affecfed by any extension of fhe time within which <br />the Owner may accept such bid; and said Surety does hereby waive notice of any such extension. <br />IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals <br />this day of , 20 ,and such of them as are corporations have caused <br />' their corporate seals to be hereto affixed and these presents to be signed by their proper officers, <br />the day and year first set forth above. <br /> <br />LJ <br />LJ <br />