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Document 00 43 13 Bid Security Form State of Ohio Standard Requirements for Public Facility Construction (Form of combined Bid Guaranty and Bond prescribed by Ohio Revised Code Section 153.571) KNOW

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Who needs m140-00 43 13-2014-jun-bid security:

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Individuals or entities participating in a bidding process for a specific project or contract may require m140-00 43 13-2014-jun-bid security. This security serves as a guarantee that the bidder will fulfill their obligations if awarded the project.

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Government agencies or organizations soliciting bids for projects or services may require m140-00 43 13-2014-jun-bid security to ensure that bidders are serious and capable of performing the required work. This security helps to protect the interests of the project owner and ensure a fair bidding process.

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What is m140-00 43 13-jun-bid security?

m140-00 43 13-jun-bid security is a form of security deposit required during the bidding process.

Who is required to file m140-00 43 13-jun-bid security?

Contractors or bidders participating in the bidding process are required to file m140-00 43 13-jun-bid security.

How to fill out m140-00 43 13-jun-bid security?

m140-00 43 13-jun-bid security should be filled out with accurate and truthful information regarding the bidder's financial capacity.

What is the purpose of m140-00 43 13-jun-bid security?

The purpose of m140-00 43 13-jun-bid security is to ensure that the bidder has the financial capability to fulfill the terms of the contract if awarded.

What information must be reported on m140-00 43 13-jun-bid security?

m140-00 43 13-jun-bid security must include details about the bidder's financial standing such as assets, liabilities, and creditworthiness.

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