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INVITATION TO BID CONN HEALTH OVERVIEW CHC ITB00 Form Rev. 10/15MargaretUNIVERSITY OF CONNECTICUT HEALTH CENTERBuyer8606791988 Telephone Numbermgilbert CHC.edu Email AddressProcurement Operations
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Gather all the necessary information and documents required for filling out the ITB Surety form.
02
Start by entering the name and contact details of the person or company requesting the surety.
03
Provide the details of the project or contract for which the surety is being requested. This may include the project name, location, duration, and value.
04
Fill in the required financial information, such as the amount of surety required and any applicable fees or charges.
05
Include any additional information or supporting documents as required, such as project specifications, bid documents, or contracts.
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Review the filled-out form thoroughly to ensure all information is accurate and complete.
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Sign and date the form, along with any other required signatures.
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Submit the completed ITB Surety form to the appropriate authority or organization.

Who needs itb surety?

01
ITB Surety is typically needed by contractors or companies involved in construction projects. It provides assurance to the project owner or client that the contractor will fulfill their contractual obligations and meet any financial obligations in case of default.
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ITB surety, or Invitation to Bid surety, is a type of surety bond required during the bidding process for construction contracts. It guarantees that the bidder will enter into a contract if selected and will provide the performance bond.
Typically, contractors or bidders who wish to submit proposals for construction projects are required to file ITB surety as part of the bidding process.
To fill out ITB surety, the bidder must provide their name, the amount of the bond, details of the project, and signature of an authorized representative from the surety company guaranteeing the bond.
The purpose of ITB surety is to protect the project owner from financial loss in case the winning bidder fails to honor their proposal or enter the contract.
The ITB surety must report the bidder's name, project details, bond amount, expiration date, and the surety company's information.
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