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STATE OF WASHINGTON BID BOND FORM S.F. 351 DATE BOND EXECUTED (7/78) See Instructions to Bidders NOTE: Type or Print in Ink PRINCIPAL (Legal name and business address) TYPE OF ORGANIZATION (Check

How to fill out public works bid bond

How to fill out a public works bid bond:

1. Obtain a copy of the bid bond form: Begin by obtaining a copy of the specific bid bond form required for the public works project you are bidding on. This form is typically provided by the project owner or the relevant governmental agency.
2. Read and understand the instructions: Carefully read and understand the instructions provided with the bid bond form. Pay close attention to any specific requirements or information that needs to be included.
3. Gather necessary information: Collect all the necessary information required to fill out the bid bond form. This may include details such as the project name, project owner, bid amount, contractor information, and any additional documentation or attachments specified.
4. Fill out the form accurately: Fill out the bid bond form accurately, ensuring that all the required fields are completed. Double-check your entries for correctness and legibility to avoid any potential errors or issues.
5. Provide supporting documents: If the bid bond form requires any supporting documents, such as financial statements or proof of insurance, ensure that they are attached and submitted along with the form. Follow any specific instructions regarding how these documents should be submitted.
6. Seek professional help if needed: If you are unsure about any aspect of filling out the bid bond form, consider seeking professional assistance from a knowledgeable surety bond agent or legal expert who can guide you through the process and ensure compliance.

Who needs a public works bid bond:

1. Contractors bidding on public works projects: Contractors who are interested in bidding on public works projects, such as construction, infrastructure development, or renovation projects, generally need to obtain a bid bond. This is a mandatory requirement imposed by project owners or governmental agencies to ensure the contractor's ability to perform the work if awarded the contract.
2. Project owners or governmental agencies: Public works project owners or governmental agencies often require contractors to submit bid bonds as a part of the bidding process. This is done to protect their interests and ensure that the contractor can fulfill the contractual obligations.
3. General contractors and subcontractors: Both general contractors, who oversee the entire project, and subcontractors, who specialize in specific trades or tasks, may be required to obtain bid bonds when bidding on public works projects. This ensures that all parties involved are financially capable of fulfilling their contractual obligations and guarantees the project's successful completion.

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What is public works bid bond?

A public works bid bond is a type of guarantee that ensures the bidder will enter into a contract and provide the required performance and payment bonds if their bid is accepted.

Who is required to file public works bid bond?

Contractors or construction companies bidding on public works projects are typically required to file a bid bond.

How to fill out public works bid bond?

To fill out a public works bid bond, the bidder must provide information such as the bid amount, project details, and financial information.

What is the purpose of public works bid bond?

The purpose of a public works bid bond is to protect the project owner (usually a government agency) in case the bidder fails to fulfill their obligations after winning the bid.

What information must be reported on public works bid bond?

Information such as the bid amount, project details, bidder's financial information, and the name of the surety company providing the bond must be reported on a public works bid bond.