HomeMy WebLinkAboutRESPONSE - BID - 5818 SOFT GOLD PARK (10)SECTION 00410
BID BOND
KNOW ALL MEN BY THESE PRESENTS: that we, the undersigned R. C. Heath
Construction Co. as Principal, and Emplovers Mutual Casualty Company as
Surety, are hereby held and firmly bound unto the City of Fort Collins, Colorado,
as OWNER, in the sum of $ 5% of total bid for the payment'of which, well and
truly to be made, we hereby jointly and severally bind ourselves, successors, and
assigns.
THE CONDITION of this obligation is such that whereas the Principal has
submitted to the.City of Fort Collins, Colorado the accompanying Bid and hereby
made a part hereof to enter into a Construction Agreement for the construction
of Fort Collins Project, SOFT GOLD PARK; BID NO. 5818,
NOW THEREFORE,
(a) If said Bid shall be rejected, or
(b) If said Bid shall be accepted and the Principal shall execute and deliver
a Contract in the form of Contract attached hereto (properly completed in
accordance with said Bid) and shall furnish a BOND for his faithful
performance of said Contract, and for payment of all persons performing
labor or furnishing materials in connection therewith, and shall in all
other respects perform the Agreement created by the acceptance of said Bid,
then this obligation shall be void; otherwise the same shall remain in
force and effect, it being expressly understood and agreed that the
liability of the Surety for any and all claims hereunder shall, in no
event, exceed the penal amount of this obligation as herein stated.
The Surety, for value received, hereby stipulates and agrees that the obligations
of said Surety and its BOND shall be in no way impaired or affected by any
extension of the time within which the OWNER may accept such Bid; and said Surety
does hereby waive notice of any such extension.
Surety Companies executing bonds must be authorized to transact business in the
State of Colorado and be accepted by the OWNER.
'?/95
Section 00410 Pa b 2
unto
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IN WITNESS WHEREOF, the Principal and the Surety ah v and such a thorn rahands
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and seals this 30th day of Octob
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PRINCIPAL
Name: R. C. Heath Construction Co.
Address-P.O. Drawer H
(SEAL)
7/96
SURETY
Emnlovers Mutual Casualty Company,_
P.O. Box 370010 —_
Denver CO 80237 '
By: tflal,pc,t�1np_„�,i
Title: Attorney -in -Fact
(SEAL)
Section 00410 Page 3
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