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STATE OF NEBRASKA DEPARTMENT OFTRANSPORTATIONProposal Guaranty Bid Bond Annual2023Effective Date of Bond___July1,2023 Expiration Date of Bond___ KNOW ALL PERSONS BY THESE PRESENTS that we ___ (Bidders
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How to fill out proposal guaranty bid bond
How to fill out proposal guaranty bid bond
01
Contact a surety bond company or agent to obtain a proposal guaranty bid bond application.
02
Fill out the application with accurate information about your company and the project you are bidding on.
03
Include financial information such as your company's assets, liabilities, and credit history.
04
Provide any required documentation, such as a copy of the bid invitation or contract specifications.
05
Submit the completed application and any supporting documents to the surety bond company for review and approval.
Who needs proposal guaranty bid bond?
01
Contractors who are bidding on construction projects funded by government agencies or private entities often need to provide a proposal guaranty bid bond.
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What is proposal guaranty bid bond?
A proposal guaranty bid bond is a type of surety bond that guarantees the bidder will enter into a contract if awarded the bid.
Who is required to file proposal guaranty bid bond?
Contractors or bidders who are participating in a bidding process for a construction project are typically required to file a proposal guaranty bid bond.
How to fill out proposal guaranty bid bond?
To fill out a proposal guaranty bid bond, the bidder must provide information such as the bid amount, project details, and personal or company financial information.
What is the purpose of proposal guaranty bid bond?
The purpose of a proposal guaranty bid bond is to provide assurance to the project owner that the winning bidder will fulfill the terms of the contract.
What information must be reported on proposal guaranty bid bond?
Information such as bid amount, project details, financial information, and signature of the bidder or their authorized representative must be reported on a proposal guaranty bid bond.
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