Get the free Attachment I Bid Bond Form - Washington, D.C.
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Attachment Ibid Bond Reattachment GOVERNMENT PROPOSAL BOND (See Instructions on 2nd page) PRINCIPAL (Legal Name and Address)SURETY(IES) (Name(s) and Addresses)9OF THE DISTRICT COLUMBIADate Bond Executed:
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How to fill out attachment i bid bond
How to fill out attachment i bid bond
01
To fill out Attachment I Bid Bond, follow these steps:
02
Start by entering the name of the bidder or principal at the top of the form.
03
Fill in the name and address of the surety company providing the bid bond.
04
Specify the name of the obligee or the party to whom the bid bond is being submitted.
05
Enter the date of the bid bond agreement.
06
Provide the bid bond amount in the appropriate field, typically stated as a percentage of the bid.
07
Include any additional terms or conditions related to the bid bond.
08
Sign and date the attachment to make it legally binding.
09
Ensure all relevant parties receive a copy of the completed Attachment I Bid Bond.
Who needs attachment i bid bond?
01
Attachment I Bid Bond is typically required by project owners or obligees when inviting bids for construction projects.
02
It serves as a guarantee that the bidder will enter into a contract and provide the required performance and payment bonds if their bid is accepted.
03
The bid bond provides financial protection to the obligee in case the bidder fails to fulfill their obligations.
04
Therefore, anyone participating in the bidding process for construction projects may need to submit Attachment I Bid Bond.
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What is attachment i bid bond?
Attachment I bid bond is a form of security provided by a bidder as part of the bidding process to guarantee that the bidder will fulfill their obligations if they are awarded the contract.
Who is required to file attachment i bid bond?
Contractors or bidders participating in a competitive bidding process are required to file attachment i bid bond.
How to fill out attachment i bid bond?
Attachment i bid bond is typically filled out by providing relevant information such as bidder's name, contact details, bid amount, and signature.
What is the purpose of attachment i bid bond?
The purpose of attachment i bid bond is to ensure that the bidder has the financial capability to fulfill the terms of the contract if they are awarded the project.
What information must be reported on attachment i bid bond?
Information such as bidder's name, contact details, bid amount, signature, and other relevant details must be reported on attachment i bid bond.
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