Neptune General Contractors 1/25/2022

I I Section 00 43 13 Bid Security Form I BID SECURITY IBidder 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: m Certified check I1 Cashier's check Bid Bond II L Signature I BID BOND I Bond No. n/a Project:Rotary Park Renovation PW#2021 -072 1 KNOW ALL MEN BY THESE PRESENTS thatSpecialty Equipment LLC dba Neptune General ContracQt'ontractorl,a I 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_ The Ohio Casualty Insurance Company [Surety],a I corporation organized under the laws of the State of New Hampshire 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 I held and bound unto the City in the sum of FIVF PFRCFNT OF THE TOTAL AMOUNT BID and_/100's Dollars($(5%OF BID AMOUNT), the payment of which,well and truly to be paid,we bind ourselves,our heirs, Iexecutors and successors,jointly 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, I 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 IRotary Park Renovation 1 of 3 I Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Seal