Allied Construction Associates Inc. 4/23/2021

I CITY OF EVERETT SPECIAL PROVISIONS I BID DEPOSIT Bidder herewith guarantees its Bid by depositing one of the following with its Proposal in an amount of five percent(5%) or more of the Bidder's total Bid: I ❑ Certified check I ❑ Cashier's check N Bid Bond ISignature Ctiat-7-481 . 1)- I . BID BOND IBond No. Bid Bond Project: SEI TO SRI INTERTIE AND SRO8 REHAB. ':'1 W.O. #: UP3714 KNOW ALL MEN BY THESE PRESENTS, I that Allied Construction Associates Inc [Contractor], a corporation organized under the laws of the State of Washington , and registered to do business in the State of Washington as a contractor, as Principal, and I Western Surety Company [Surety], a corporation organized under the laws of the State of South Dakota and registered to transact business in the State of Washington, as Surety, their heirs, executors, administrators, successors and 0 assigns, are jointly and severally held and bound to the City of Everett, Washington, hereinafter called "City", and are similarly held and bound unto the City in the sum of 5% of the amount bid and /100's Dollars ($ 5% amount bid ), the payment of which, well and truly to be paid, we bind ourselves, our heirs, executors and successors, IIjointly and severally, formally by these presents. NOW, THEREFORE, the condition of this obligation is such that the Surety is held and bound to the City to pay and forfeit to the City the amount of this bond as provided herein, upon the conditions contained herein, unless the conditions for release contained herein are satisfied or expressly waived in a writing signed by the City Attorney. It is expressly understood and agreed that: 1. Bidder and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors and assigns to pay to the City upon default of Bidder the penal sum set forth on the face of this Bond. SEI to SRI Intertie,SRO8 Rehab Division C-CONTRACT WO No.—UP3714 I SP-27 I