Lakeside Industries Inc. 6/21/2021

BID GUARANTY Bidder herewith guarantees its bid by depositing one of the following with its bid/proposal in an amount of five percent (5%)or more of the bidder's total bid/proposal I 0 Certified check ❑ Cashier's check Vl Bid Bond Signature BID BOND Bond No. Bid Bond Project: 2021 Pavement Maintenance Overlay W.O. # 3751 KNOW ALL MEN BY THESE PRESENTS, that Lakeside Industries, 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 Travelers Casualty and Surety Company of America [Surety], a corporation organized under the laws of the State of Connecticut and registered to transact business in the State of Washington, as Surety, their heirs, executors, administrators, successors and 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 ofFive Percent(5%)of the Total Amount Bidand -- /100's Dollars ($ --5%-- ), the payment of which, well and truly to be paid, we bind ourselves, our heirs, executors and successors, jointly and severally, formally by these presents. NOW, THEREFORE, the condition of this obligation is such that the Surety is held and I 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. I It is expressly understood and agreed that: 2021 PAVEMENT MAINTENANCE OVERLAY PAGE 32 OF 35 DIVISION P WORK ORDER 3751 MARCH 29,2021 Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal