This is a service / maintenance or supply contract in Valdez, Alaska. Contact the soliciting agency for additional information.

Land Clearing - Sewer Force Main Lay Down. Question Deadline 10/25/2022 at 2:00 PM AKT All questions will be addressed formally via addendum Bond Percentage 5.00% KNOW ALL MEN BY THESE PRESENTS, that we [PRINCIPAL] as Principal, hereinafter called the Principal, and [SURETY AGENCY], a corporation duly organized under the laws of the State of [SURETY STATE] as surety, hereinafter called the Surety, are held and firmly bound unto the City of Valdez P.O. Box 307 Valdez, Alaska 99686 as obligee, hereinafter called the Obligee, in the sum of [Five Percent (5%)] of the amount of the total bid for the work described below, for the payment of which sum well and truly to be made, the said Principal and the Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. Whereas, the Principal has submitted a bid for Land Clearing - Sewer Force Main Lay Down NOW THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with Obligee in accordance with terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect.