BID BOND. SECURITY The Contractor shall obtain a bid bond or bid security in the amount indicated to the right. For Bid Bond Form see Attachment 3d. Bid Security: 2% of Bid or Bid Bond: 10% of Bid
BID BOND. A Bid, Payment and Performance Bond are a requirement when the offer/contract amount exceeds $100,000. Respondents shall attach an electronic copy of their bid bond for responsiveness. Submission of the bid bond, along with a certified and effectively dated copy of the power of attorney, shall be completed and signed by all required parties and submitted on the form provided in the solicitation. Submittal of a bid bond less than 10% of the total estimated contract amount for base period, shall result in the bid being deemed non-responsive. In order to be acceptable to the County, the Surety company issuing the Bid Bond shall meet and comply with the minimum standards described in #Bond Requirements, “Qualifications of Surety Companies”. Failure to submit a Bid Bond from a Surety Company meeting these minimum standards shall result in rejection of the offer.
BID BOND. Prior to execution of this Agreement, Contractor delivered to Owner a Bid Bond in favor of the Owner in the form prescribed herein by Exhibit 2.4, such delivered Bid Bond being incorporated into this Agreement by reference as if fully stated herein.
BID BOND. Bid Bond has the same meaning as Security Bond as described in UGC, Sections 5.1 and 5.1.2, and shall be in the form of an approved surety bond, cash, or other immediately available funds.
BID BOND. As a prerequisite for submitting a bid, it is necessary to pay a deposit or submit a Bid Bond in the amount of EUR 50,000 (Euro fifty thousand).
BID BOND. The Bid Bonds submitted by the Purchaser to the Seller are, as of the date of their issuance, legal, valid and enforceable by the Seller in accordance with their respective terms. The Purchaser has procured the Bid Bonds in favour of the Seller and such bonds shall remain in full force and effect according to the terms thereof until and including the Closing Date, unless sooner released pursuant to this Agreement. The Seller may take such action in respect of the Bid Bonds to which it may be entitled by the terms thereof or hereof.
BID BOND. The bid bond shall be on the American Institute of Architects, AIA Document 310, with powers of attorney attached, and in the amount specified on the bid bond form. The bond form must be dated on or before the date of the bid opening, bear the impressed seal of the Surety and be signed by the Bidder or Bidders, in the case of a joint venture, and an authorized individual of the Surety. As an alternative for joint venture Bidders, each of the Bidders may submit a separate bid bond, completed as outlined in this Subarticle. Bid bonds will only be accepted from Sureties authorized to execute a bond under and in accordance with state law.
BID BOND. Due to the emergency provisions of this bid, no bid bond will be required.
BID BOND. Each bid shall be accompanied by a bid bond in the amount of 10% of the highest possible combination of bids for annual cost for the first year of the contract issued by a properly licensed commercial surety having a “Best” rating of A- or better. The bid bond shall be given as a guarantee that the bidder will supply the items in accordance with specifications and at the bid prices. Bid security in the form of a Cashier Check will be accepted in lieu of a bid bond. Alternatively, a cashier’s check or an irrevocable letter of credit without contingency from bidder’s bank on their letterhead signed by authorized bank officer, must be in the amount equal to 5% of the bid. The successful bidder’s bond will be retained by Xxxxxxx Community School District 158 until a contract is signed and services have commenced and been satisfactorily performed, to the District’s satisfaction, for a period of sixty (60) days.
BID BOND. Form of Bid Security executed by the Bidder as Principal and by a Surety to guarantee that the Bidder will enter into a Contract within a specified time and furnish any required bond as mandated by Connecticut General Statute Section 4b-92.
