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SECTION 00430 BID GUARANTY AND CONTRACT BOND (O.R.C. 153.571)KNOWALLPERSONSBYTHESEPRESENTS, that we, (“Contractor “)astheundersignedPrincipaland as Surety, are hereby held and firmly bound unto
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How to fill out 004300 bid guaranty and
How to fill out 004300 bid guaranty and
01
To fill out 004300 bid guaranty, follow these steps:
02
Begin by entering the name of the bidder in the designated field.
03
Specify the project name or description for which the bid guaranty is being submitted.
04
Enter the bid amount and currency in the appropriate fields.
05
Provide the name and address of the financial institution issuing the bid guaranty.
06
Indicate the expiration date of the bid guaranty.
07
Finally, sign and date the document to complete the process.
Who needs 004300 bid guaranty and?
01
Various parties may require the 004300 bid guaranty, including:
02
- Project owners or clients requesting bids for construction or procurement projects.
03
- Contractors or suppliers participating in the bidding process.
04
- Financial institutions providing bid guaranty services for bidders.
05
- Public or private organizations that require assurance of bid commitment.
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What is 004300 bid guaranty and?
004300 bid guaranty is a form of financial security provided by bidders to demonstrate their commitment to fulfilling a contract if they are selected as the winning bidder.
Who is required to file 004300 bid guaranty and?
Bidders participating in a procurement process are required to file 004300 bid guaranty.
How to fill out 004300 bid guaranty and?
Bidders must fill out the 004300 bid guaranty form according to the instructions provided by the contracting authority.
What is the purpose of 004300 bid guaranty and?
The purpose of 004300 bid guaranty is to ensure that bidders are serious about their bids and to provide financial security to the contracting authority.
What information must be reported on 004300 bid guaranty and?
The 004300 bid guaranty form typically requires information such as the bidder's name, contact information, bid amount, and the type of guaranty provided.
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