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REFERENCE NO. 50158434PROJECT MANUAL Additional Parking for Taylor Virtual Academy RFP2324516SUBMITTED Dewberry Engineers Inc. 551 Piney Forest Road Danville, VA 24540 434.797.4497TABLE OF CONTENTSDANVILLE
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This form is relevant for individuals or entities seeking compensation for losses caused by a bid bond.
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C-435 bid bond damages refer to the financial repercussions incurred when a contractor fails to honor their bid, resulting in losses for the project owner.
Contractors who have submitted a bid and subsequently failed to comply with the terms of that bid are required to file C-435 bid bond damages.
To fill out the C-435 bid bond damages, contractors should provide necessary details such as the bid amount, contract details, the reason for the damages, and any supporting documentation.
The purpose of C-435 bid bond damages is to compensate project owners for any losses suffered due to a contractor’s failure to follow through on their bid.
Information that must be reported includes the contractor's name, project details, contract amount, the amount of damages incurred, and any relevant correspondence.
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