1997-07-14_GENERAL DOCUMENTS - C1981017 (2)

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s� . . �. o va Toad u Sol$ PROJECT NO. PROJECT: KNOW ALL MEN BY THESE PRESENTS: WHEREAS, hereinafter called the "PRINCIPAL", is submiti a PROPOSAL for the above described project, to the STATE OF COLORADO. hereinafter tailed the "OBLIGEE". I WHEREAS, the Advertisement for Bids has required as a condition of receiving the Proposals that the Principal submit with the PROPOSAL a PROPOSAL GUARANTY in an amount not less than five per cent (5`/,) of the Proposal, which sum it is specifically agreed is to be forfeited as Liquidated Damage in the event that the Principal defaults in his obligations as hereinafter specified, and, in pursuance of which Requirement, this Bidll6ond is made, executed and delivered. NOW. THEREFORE, the Principal and a corporation of the State of duly authorized to transact business in Colorado, as Surety,are held and firmly bound into the Obligee. in the sum of five per cent (5%) of the Principal's total bid price, lawful money of the United States for the payment of which sum,well and truly to be made to the Obligee, we bind ourselves. our heirs, executors, ad- ministrators. successors and assigns, jointly and severally. firmly by these presents. FURTHER THAT, a condition of this obligation is such that the Principal shall maintain his Proposal in full force and effect for thirty (30) days after the opening of the pr posals for the proiect, or, if the Principal's Proposal is accepted, the Principal shall, within the prescribed time, execute the requirel Agreement, furnish the required Performance Bond. Labor and Material Payment Bond. Insurance Policy, and Certificates of Insurance. then this obligation shall be null and void. otherwise it shall remain jp full force and effect, and subject to forfeiture upon demo as Liquidated Damages. 1 IN WITNESS WHEREOF said Principal lend Surety have executed this Bond.this day of A.D., 19 . (Corporate Seal) THE PRINCIPAL ATTEST: Address By Secretary SIGNATURES: If the"Principal" is doing busine as a Corporation, the Bid Bond shall be signed by an officer, i.e., President or Vice- President. The signature of the fficer signing shall be attested to by the Secretary and properly sealed. If the "Principal' is an individue or a partnership, the Bid Bond shell so indicate and be properly signed. (Corporate Seal) THE SURETY By Attorney-in-Fact THIS BOND MUST BE ACCOMPANIED BY PO ER OF ATTORNEY. EFFECTIVELY DATED State Form SC-6.14 Issued 9/1/65 (Rev. 7/1/70)