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2 & 3 bid awarding contract for repair of Bywaters Park Paris Peristyle
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12/20/2010
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2 & 3 bid awarding contract for repair of Bywaters Park Paris Peristyle
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12/17/2010 5:08:52 PM
Creation date
12/17/2010 5:08:50 PM
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CITY CLERK
Doc Name
2 & 3
Doc Type
Agenda
CITY CLERK - Date
12/20/2010
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<br /> <br /> <br /> <br /> INSURORS IN PO Box 2683.225 South Fifth Street • Waco, TX 76702-2683 <br /> NVNN'<v.insur'orsindemnitv.com • 254-759-3701 • 254-755-6399 <br /> i4 _,/f/`?~/Zlf1f <br /> <br /> BID BOND <br /> Bond No. CNB-12149-00 <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> <br /> THAT we, Bryco / Bryant Company as Principal, hereinafter called the <br /> Principal, and INSURORS INDEMNITY COMPANY, Waco, Texas, as Surety, hereinafter called the <br /> Surety, are held and firmly bound unto City of Paris , as Obligee, <br /> hereinafter called the Obligee, in the amount of 5% % of the amount of this bid not to exceed <br /> 5% of the Greatest Amount Bid 5% of GAB for the <br /> payment of which sum well and truly to be made, the said Principal and the said Surety, bind <br /> ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly <br /> by these presents. <br /> <br /> WHEREAS, the principal has submitted a bid for <br /> Bywaters Park Peristyle Renovations & Restoration, <br /> <br /> NOW, THEREFORE, If the contract be timely awarded to the Principal and the Principal shall <br /> within such time as specified in the bid, enter into a contract in writing and give bond with good and <br /> sufficient surety, or, in the event of the failure of the Principal to enter into such Contract and give <br /> such bond or bonds; if the Principal shall pay to the Obligee the difference not to exceed the penalty <br /> hereof between the amount specified in said bid and such larger amount for which the Obligee may in <br /> good faith contract with another party to perform the work covered by said bid, then this obligation <br /> shall be null and void, otherwise to remain in full force and effect <br /> <br /> PROVIDED, HOWEVER, neither Principal nor Surety shall be bound hereunder unless <br /> Obligee prior to execution of the final contract shall furnish evidence of financing in a manner and <br /> form acceptable to Principal and Surety that financing has been firmly committed to cover the entire <br /> cost of the project. <br /> <br /> SIGNED, SEALED AND DATED this 2nd day of December , 2010 <br /> <br /> Principal: <br /> co / B ant Com an <br /> (Seal) <br /> By: / <br /> G G~ 2) _42 / <br /> Surety: <br /> INSURORS INDEMNITY COMPANY <br /> Seal) <br /> <br /> By: C/ <br /> <br /> Fred C. Smith, Attorney-in-Fact <br /> <br /> <br /> <br /> <br /> <br /> 12 <br />
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