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Appendix 4.01 Bid Bond and Bid FormOREGON UNIVERSITY SYSTEM STANDARD PUBLIC IMPROVEMENT CONTRACT BID Bond, as Principal, (Name of Principal) and, a Corporation, (Name of Surety) authorized to transact
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How to fill out appendix 401 bid bond
How to fill out appendix 401 bid bond
01
To fill out appendix 401 bid bond, follow these steps:
02
Start by providing the name of the bidder.
03
Specify the address of the bidder.
04
Enter the name of the project for which the bid bond is being submitted.
05
Include the bid amount in the specified field.
06
Enter the name and address of the surety company providing the bid bond.
07
Specify the effective date and duration of the bid bond.
08
Sign and date the form.
09
Submit the completed appendix 401 bid bond along with the bid documents.
Who needs appendix 401 bid bond?
01
Appendix 401 bid bond is required by stakeholders involved in construction or procurement projects.
02
Typically, it is needed by contractors or bidders participating in a bidding process.
03
Government agencies, project owners, or organizations soliciting bids often require bid bonds.
04
The purpose of the bid bond is to provide a guarantee that the bidder will enter into the contract if awarded the project.
05
It helps ensure that the bidding process is fair and that the selected bidder will fulfill their obligations.
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What is appendix 401 bid bond?
Appendix 401 bid bond is a form of security provided by a bidder as a guarantee that they will enter into a contract if their bid is accepted.
Who is required to file appendix 401 bid bond?
Bidders participating in certain government procurement processes may be required to file appendix 401 bid bond.
How to fill out appendix 401 bid bond?
Appendix 401 bid bond can be filled out by providing the necessary information requested on the form and obtaining the required signatures.
What is the purpose of appendix 401 bid bond?
The purpose of appendix 401 bid bond is to ensure that the winning bidder will fulfill their obligations under the contract.
What information must be reported on appendix 401 bid bond?
The information required on appendix 401 bid bond may include the bidder's name, bid amount, project details, and signatures of authorized individuals.
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