Get the free BF-4 Bid Bond BB-1- BB-2 Notice of Award NA-1
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TABLE OF CONTENTS
PAGE NO.
NOTICE TO BIDDERS ................................................................................................................................. 1
BID PROPOSAL ............................................................................................................................................
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How to fill out bf-4 bid bond bb-1
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01
Begin by obtaining the BF-4 Bid Bond BB-1 form.
02
Fill out the top section of the form, including the name of the surety company issuing the bond, the bid bond number, the project name and location, and the bid opening date.
03
Provide the name and address of the principal, who is the entity bidding on the project.
04
Fill in the penal sum, which is the maximum amount of the bid bond that the surety company would pay if the principal fails to honor the bid.
05
Specify the name of the obligee, who is the entity requesting the bid bond.
06
Include the name of the project owner and their address.
07
Sign and date the form to certify that the information provided is accurate.
Who needs bf-4 bid bond bb-1?
01
BF-4 Bid Bond BB-1 is needed by those entities who are required to submit a bid bond as part of their bidding process for a construction project.
02
This could include contractors, subcontractors, or other entities looking to secure a contract for a public or private construction project.
03
The bid bond serves as a guarantee to the project owner that the bidder will enter into a contract if awarded the project and will provide the required performance and payment bonds.
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What is bf-4 bid bond bb-1?
bf-4 bid bond bb-1 is a type of bid bond required for certain procurement contracts.
Who is required to file bf-4 bid bond bb-1?
Contractors participating in specific procurement contracts are required to file bf-4 bid bond bb-1.
How to fill out bf-4 bid bond bb-1?
To fill out bf-4 bid bond bb-1, contractors need to provide information about their bid, the amount of the bond, and other relevant details.
What is the purpose of bf-4 bid bond bb-1?
The purpose of bf-4 bid bond bb-1 is to ensure that contractors have the financial capacity to fulfill their obligations under the contract.
What information must be reported on bf-4 bid bond bb-1?
Information such as the contractor's name, bid amount, bond amount, and the project details must be reported on bf-4 bid bond bb-1.
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