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11 % <br /> I <br /> BID GUARANTY <br /> I Bidder herewith guarantees its bid by depositing one of the following with its bid/proposal in an amount of five <br /> percent (5%) or more of the bidder's total bid/proposal: <br /> 0 Certified check <br /> 0 Cashier's check <br /> El Bid Bond <br /> ISigna ur <br /> I <br /> BID BOND <br /> I Bond No.624491-TRA-23-26 <br /> Project STBGUL-2715(011) <br /> W.O. # 3788 <br /> I <br /> KNOWALL MEN BY THESE PRESENTS, <br /> I that HM Pacific Northwest, Inc. [Contractor], a corporation organized <br /> under the laws of the State of Washington , and registered to do business in the State of <br /> Washington as a contractor, as Principal, and <br /> I Travelers Casualty and Surety Company of America [Surety], a corporation <br /> organized under the laws of the State of Connecticut and registered to transact business in the <br /> State of Washington, as Surety, their heirs, executors, administrators, successors and assigns, <br /> I are jointly and severally held and bound to the City of Everett, Washington, hereinafter called <br /> "City", and are similarly held and bound unto the City in the sum of Five Percent of Amount Bid (5%) <br /> and --- /100's Dollars ($ ), the payment of which, well and truly to be paid, we bind <br /> ourselves, our heirs, executors and successors, jointly and severally, formally by these presents. <br /> INOW, THEREFORE, the condition of this obligation is such that the Surety is held and bound to <br /> the City to pay and forfeit to the City the amount of this bond as provided herein, upon the <br /> I conditions contained herein, unless the conditions for release contained herein are satisfied or <br /> expressly waived in a writing signed by the City Attorney. <br /> It is expressly understood and agreed that: <br /> I <br /> 1. Bidder and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, <br /> successors and assigns to pay to the City upon default of Bidder the penal sum set forth on the face of this <br /> I Bond. <br /> 2. Default of Bidder shall occur upon the failure of Bidder to deliver within the time required by the Bidding <br /> Documents the executed Agreement required by the Bidding Documents, any performance and payment <br /> I bonds required by the Bidding Documents and Contract Documents, and evidence of insurance required by <br /> the Bidding Documents and Contract Documents. <br /> 111 <br /> 3. This obligation shall be null and void if: <br /> 3.1. City accepts Bidder's bid and Bidder delivers within the time required by the Bidding <br /> Documents (or any extension thereof agreed to in writing by City) the executed Agreement <br /> I <br /> required by the Bidding Documents, any performance and payment bonds required by the <br /> 2023 FEDERAL OVERLAY <br /> 1112 FEDERAL AWNSTBGUL-2715(011) <br /> WO#3788 March 2,2023 123 <br /> rovided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal <br />