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St:e-of Colorado
<br /> Bid Bond
<br /> PROJECT: Hawk's Nest Mine Maintenance PROJECT NO.PKA-0-451
<br /> Somerset, Colorado
<br /> KNOW ALL BY THESE PRESENTS:
<br /> WHEREAS, Charles W. Sickles Construction
<br /> hereinafter called the "PRINCIPAL", is submitting a PROPOSAL for the above described project, to the STATE OF COLORADO,
<br /> hereinafter called the"OBLIGEE".
<br /> WHEREAS, the Advertisement for Bids has required as a condition of receiving the Proposals that the Principal submit with the
<br /> If
<br /> PROPOSAL a PROPOSAL GUARANTY in an amount not less than five per cent (5%) of the Proposal, which sum it is specifically
<br /> agreed is to be forfeited as Liquidated Damages in the event that the Principal defaults in his obligation as hereinafter specified, and, in
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<br /> pursuance of which Requirement,this Bid Bond is,made,executed and delivered.
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<br /> NOW,THEREFORE,the Principal and Washington International Insurance Company
<br /> P.O. Box 60130, Grand Junction, CO 81506
<br /> a corporation of the State of Arizona ,duly authorized to transact business in Colorado,as
<br /> Surety,are held and firmly bound unto the Obligee,in the sum of five per cent(5%)of the Principal's total bid price,lawful money of the
<br /> United States for the payment of which sum, well and truly to be made to the Obligee, we bind ourselves, our heirs, executors,
<br /> administrators, successors and assigns,jointly and';severally,firmly by these presents.
<br /> FURTHER THAT, a condition of this obligation is such that the Principal shall maintain his Proposal in full force and effect for
<br /> thirty(30) days after the opening of the proposals for the project,or,if the Principal's Proposal is accepted,the Principal shall,within the
<br /> prescribed time, execute the required Agreement,'furnish the required Performance Bond, Labor and Material Payment Bond, Insurance
<br /> Policy, and Certificates of Insurance, then this obligation shall be null and void, otherwise it shall remain in full force and effect, and
<br /> subject to forfeiture upon demand as Liquidated Damages.
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<br /> IN WITNESS WHEREOF said Principal and Surety have executed this Bond,this 16th day of September ,
<br /> A.D., 1999
<br /> (Corporate Seal) THE PRINCIPAL
<br /> Charles W. Sickles Construction
<br /> P.O. Box 91, Hotchkiss, CO 81419
<br /> ATTEST:
<br /> Address
<br /> By z
<br /> Secretary
<br /> SIGNATURES: If the "Principal" is doing business as a Corporation,the Bid Bond shall be signed by an officer, i.e.,President
<br /> or Vice-President.The signature of the officer signing shall be attested to by the Secretary and properly sealed.
<br /> If the"Principal"is an individual or a partnership,the Bid Bond shall so indicate and be properly signed.
<br /> THE SURETY
<br /> (Corporate Seal)
<br /> Washi ,n Inte tional I ura ce Company
<br /> dra K. Pie Attorney-in Fact
<br /> THIS BOND MUST BE ACCOMPANIED BY POWER OF AT NEY,EFFECTIVELY DATED
<br /> State Form SC-6.14
<br /> Issued 9/1/65(Rev.7/1/89)
<br /> FAILURE TO PROVIDE A PROPERLY EXECUTED BID BOND WITH A PROPERLY EXECUTED POWER OF
<br /> ATTORNEY WILL RESULT IN THE BIDDERS PROPOSAL BEING DEEMED NON-RESPONSIVE.
<br /> 395-61-01-6146 S-19421GEEF 2198
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