10 ENGLISH BOOKS RELATING TO «BID BOND»
Discover the use of
bid bond in the following bibliographical selection. Books relating to
bid bond and brief extracts from same to provide context of its use in English literature.
... Likewise, in Marvec Allstate, Inc. v. Gray & Fear, Inc.," the court held that an
awarding authority could allow a low bidder to replace a bid bond that was
$100,000 below the amount required where the mistake was due to the
misapplication ...
Edward Graham Gallagher, 2000
2
A Practitioner's Guide to Construction Law
M The surety's liability on a bid bond is ordinarily limited to the lesser of the
penaJ, or face, amount of the bond" or the amount of provable damages
sustained.'"6 Bad faith can result in this limitation's being ignored. For example, a
surety which ...
3
Practical Guide to Construction Contract Surety Claims
§4.04 FAILURE TO PROVIDE A BID BOND OR PROVIDING A
NONCONFORMING BID BOND In state and other public contracts, if a bidder
fails to provide the required bid bond or the bid bond submitted does not meet all
of the specified ...
William Schwartzkopf, Richard E. Tasker, 2005
The most common form of bid bond for private contracts imposes liability upon
the principal and surety in the amount of the ... between the principal's bid and
the bid of the next highest bidder, not to exceed the penal sum of the bid bond.
5
Surety Bonds for Construction Contracts
Chapter 8 BID BOND The purpose of the bid bond is to prevent frivolous bidders
by ensuring that the contractor will enter into the contract at the bid price if
awarded. When providing a bid bond, the surety company promises that if the
owner ...
6
AGC Contract Documents Handbook
§13.02 AGC DOCUMENT NO. 262: BID BOND [A] Introductory Paragraph
Generally, a bid bond is a bond submitted as a form of bid security. Where re-
quired, either by statute or by agreement, bidders must submit some forfeitable as
- set.
J. William Ernstrom, Kevin F. Peartree, 2003
7
New York Construction Law
7.11 BID BONDS [A] Generally Most public owners and many private owners
require contractors bidding on their projects to furnish bid security in the form of a
bid bond. A bid bond is a surety contract between the principal and the surety for
...
Michael K. De Chiara, Michael S. Zetlin, 2003
8
Illinois Construction Law
whether the bid bond in fact covered the bid spread. Moreover, although the
appellate court in Bodine Electric v. City of Champaign11 seems to propose that
any defect in the amount of the bond penalty is a material defect requiring
rejection of ...
9
Pipe and Excavation Contracting
This means that, along with your bid, you must submit either a certified check or a
bid bond for a fixed percentage of the total bid. The bid bond is the bonding
company's guarantee that your bid is genuine, that you will enter into a contract if
...
10
Fifty State Construction Lien and
Bond Law
[B] Bid Bonds Every bidder on a public construction contract exceeding $15,000
shall accompany the bid with a certified check, cashier's check, or bid bond equal
to five percent of the bid.35 The check or bond shall be deposited with the ...
Robert F. Cushman, Stephen D. Butler, 1995
10 NEWS ITEMS WHICH INCLUDE THE TERM «BID BOND»
Find out what the national and international press are talking about and how the term
bid bond is used in the context of the following news items.
ADVERTISEMENT FOR BIDS
A Bid Bond in the amount of 5% of bid price is required, and Performance and Payment Bonds in the amount of 100% of bid, will be required. «Mountain Mail Newspaper, Jul 15»
Iran's NIDC to hold intl. tender for traveling blocks
Provide a bid bond of Euro 1,650, or 61 million rials. • Receive the quality evaluation documents by sending their request to Fax No. «Trend News Agency, Jul 15»
City of Chino Hills - NOTICE INVITING SEALED BIDS FOR FY 2015 …
... Engineering Department in the bid requirements and specifications, and shall be accompanied by a certified or cashier's check or bid bond in ... «Champion Newspapers, Jul 15»
Invitation to Bid
Each bid must be accompanied with a BID BOND or cashier's check for an amount not less than five percent of the awarding authority's ... «Auburn Villager, Jul 15»
CALL FOR BIDS
All Proposals must be accompanied by a certified check, cashiers check, money order, or bid bond payable to the “City of Warden” and in an ... «Columbia Basin Herald, Jul 15»
Unified Surveillance System
Each proposal packet must be accompanied by a bid bond or cashier's check payable to the City of Red Wing in the amount of not less than ... «Republican Eagle, Jul 15»
Invitation for Pre-qualification
B. A bid bond of 5 percent of the total bid, but not exceeding $10,000, must be submitted with the bid. C. This construction project requires the ... «Auburn Villager, Jul 15»
Iran's NIDC to hold intl. tender to buy oriented coring equipment
Provide a bid bond of Euro 2,261, or 81,400,000 rials for the first tender, and Euro 2,600, or 93,615,000 rials, for the second tender. Receive the ... «Trend News Agency, Jul 15»
Bids and Proposals 7-1-15
Each bid submittal must include the Bid, Non-collusion Affidavit of Prime Bidder, Bid Bond, Statement of Bidders Qualifications, and Certification ... «New Pittsburgh Courier, Jul 15»
NOTICE TO BIDDERS
... by a bid security in an amount of at least 5% of the Bid, in the form of a certified check payable to the Town of Buena Vista or bid bond. «Mountain Mail Newspaper, Jul 15»
