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STATE OF OREGON STANDARD PUBLIC IMPROVEMENT CONTRACT BID Bond, as Principal, (Name of Principal)and, a Corporation, (Name of Surety)authorized to transact Surety business in Oregon, as Surety, hereby
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We as principal refers to being the main individual or entity responsible for a certain task or project.
The person or entity designated as the principal for a task or project is required to file as principal.
Fill out the necessary information and details regarding the task or project that the principal is responsible for.
The purpose of designating a principal is to have a designated individual or entity responsible for the successful completion of a task or project.
Information such as the name of the principal, the task or project they are responsible for, and any relevant details or requirements must be reported on we as principal.
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