HomeMy WebLinkAboutRESPONSE - BID - 7048 MASON BIKE PEDESTRIAN TRAIL (16)KNOW ALL MEN BY THESE PRESENTS: that we, the undersigned CLARK CONSTRUCTION
COMPANY, INC. as Principal, and WESTERN INSURANCE COMPANY
as Surety, are hereby held and firmly rollita
d unto the o Fhort Collins,
Colorado, as Owner, in the penal sum of l mounts*°*4or ethe 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 City of Fort Collins Project,
WHEREAS, the Owner, as a condition for receiving said bid, required the
Principal to deposit with the Owner a Bid Guaranty equal to five percent (57.)
of the amount of said bid.
NOW, THEREFORE,
(a) If said bid shall be rejected; or in the alternate,
(b) If said bid shall be accepted and the Principal shall execute and
deliver a Construction Agreement (properly completed in accordance with
said bid) and shall furnish a Performance and Payment Bond upon the forms
prescribed by the Owner for the faithful performance of said Agreement;
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 obliga-
tions 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.
IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands
and seals this 2 4 th day of July, 2.0 0 9 , and such of them as are
corporations have caused their corporate seals to be hereto affixed and these
presents to be signed by their proper officers, the day and year first set
forth above.
PRINCIPAL
Name: CLARK CONSTRUCTION COMPANY, INC.
2956 Ginnala Drive
Address: Loveland,. CO 80538
By:
David J. lark / President
(SEAL)
3
i
NOTE: Sur ety;'Companies
Title:
SURETY
WESTERN INSURANCE COMPANY
1777,f Harrison Str`eet;` Q
Den r , CO 30'210'
t
Greg_ Netting �. e . , f '"
a
Atto y-In-Fa z;.`; '
SEAL
executing bonds must be authorized to transact busi-
ness in the'State of Colorado and be acceptable to the Owner.
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