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14-Deliberate and act on a Resolution awarding the bid and awarding the contract for the Texas Capital Fund Street Improvements Project
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14-Deliberate and act on a Resolution awarding the bid and awarding the contract for the Texas Capital Fund Street Improvements Project
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8/22/2012 3:54:53 PM
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3/5/2010 5:31:34 PM
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CITY CLERK
Doc Name
14
Doc Type
Agenda
CITY CLERK - Date
3/8/2010
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BID BOND <br />~ KNOW ALL MEN BY THESE PRESENTS, thaf We the undersigttedptepnens & sons concrete Contractors, Inq8g <br />~ PRitVCIPAL-and SureTec Insurance Comoanv , as SURETY are held and fit'miy <br />bound unto Citv of Paris hereinafter called the "Owner", in the penal sum <br />Of Five Percent of Greatest Amount Bid Doll9fs, 5% GAB IaYVfuI maney Of the <br />~ United States, for the payment of which sum well and truty to be made, we bind ourselves, our heirs, <br />executors, admtnistrators, successars, and assigns, jointly and severally, firrnly by these presents. <br />THE CONDITION 4F TH{S 013LfGA710N !S SUCH, that whereas the Principal has submitted the <br />Aecompanying Bid, dated MarCh 2, 2010 , fOf Downtown Sidewalk Replacement - Sidewalk Curb, Gutter, 8 Ramps <br />NOW, THEREFOR, if the Principel shall nok withdraw said 8id within the period specified fherein after <br />the apening of the same, or, if no period be speciried, within thirty (30) days after the said opening, <br />and sha(I wlth9n the period specified therefor, or if no period be specified, within ten (10) days after the <br />preitcribod forms are presented to him for signature, enter into a written contract with the Owner in <br />accordance with the Bid as accepted, and give bond wiin good and suificient surety or sureties, as <br />mey be requlred,-for the faithFul performance and proper fulfrllment af such aontract; or in the event of <br />the withdrawai of said Bid within the period specified, or the faifure to enier inte such Coniract and <br />give such bond within the time specified, 'rf the Principal shatl pay the Owner the differance between <br />the amount specified in said Bid and the amount fvr which the local Public Agency rnay procure the <br />required wvrk or supplies or both, if the latter be in excess of the foRner, then the-above obligaiion <br />shal( be void and of no effect, vtherwise to remain in full farce and virtue. <br />IN WI?NESS THEREOF, the above-bounded parties have executed this instrument under their <br />several seels this 2nd day of March 2010 , the name and COfpDrBt@ SEBI of <br />esch corporate party being hereto affixed and these presenE signed by its undersigned representative, <br />pursuant io authority of its governing body. <br />(sEaL) <br />I AUest, <br />I Attest: <br />(SEAL) <br />Affi x <br />Corporate <br />Seal <br />By: <br />Affix <br />Corparate <br />Sea! <br />Attest: <br />I Counfersigned <br />act, State of <br />By: <br />9 <br />
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