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I <br /> City of Everett 00 4313 - 1 <br /> IInductive Charging Infrastructure for Everett Transit <br /> ISECTION 00 4313 - BID SECURITY FORM <br /> IBID SECURITY/DEPOSIT <br /> Bidder herewith guarantees its bid by depositing one of the following with its <br /> Ibid/proposal in an amount of five percent (5%) or more of the bidder's total bid/proposal: <br /> ID Certified check <br /> ❑ Cashier's check <br /> 1 ❑ Bid Bond <br /> Signature <br /> I <br /> IBID BOND <br /> Bond No. <br /> I Project: Inductive Charging <br /> Infrastructure <br /> I KNOW ALL MEN BY THESE PRESENTS, <br /> that [Contractor], a <br /> I corporation organized under the laws of the State of , and <br /> registered to do business in the State of Washington as a contractor, as <br /> Principal, and <br /> I [Surety], <br /> a corporation organized under the laws of the State of and <br /> registered to transact business in the State of Washington, as Surety, their <br /> I heirs, executors, administrators, successors and assigns, are jointly and <br /> severally held and bound to the City of Everett, Washington, hereinafter <br /> called "City", and are similarly held and bound unto the City in the sum of <br /> I and _/100's Dollars ($ ), <br /> the payment of which, well and truly to be paid, we bind ourselves, our heirs, <br /> executors and successors,jointly and severally, formally by these presents. <br /> INOW, THEREFORE, the condition of this obligation is such that the Surety <br /> is held and bound to the City to pay and forfeit to the City the amount of this <br /> bond as provided herein, upon the conditions contained herein, unless the <br /> I conditions for release contained herein are satisfied or expressly waived in <br /> a writing signed by the City Attorney. <br /> I00 4313 - 1 BID SECURITY FORM <br /> I <br />