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Surety ship: 1. I/We, the undersigned ___ (Insert name of surety) of ___ (Insert physical address of surety) and ___ (Insert name of surety) of ___ (insert physical address if surety) hereby bind

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What is bidders bond city council?

A bidders bond is a type of surety bond required by city councils that guarantees a contractor will fulfill the terms of their bid and enter into a contract if selected.

Who is required to file bidders bond city council?

Contractors or companies that submit bids for city council projects are typically required to file a bidders bond.

How to fill out bidders bond city council?

To fill out a bidders bond, you need to provide information such as the name of the contractor, the project details, the amount of the bond, and the surety company's information.

What is the purpose of bidders bond city council?

The purpose of a bidders bond is to protect the city council from financial loss in case the awarded contractor fails to fulfill their contractual obligations.

What information must be reported on bidders bond city council?

The information typically includes the contractor's name, project identification, bond amount, surety company details, and a statement affirming the contractor's intention to enter a contract.

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