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CITY OF EVERETT SPECIAL PROVISIONS <br /> <br />Beverly Lake Water Quality RetrofitDivision P – PROPOSAL August 2023 <br />Work Order No. – UP3745 SP – 21 <br /> <br />BID DEPOSIT <br /> <br />Bidder herewith guarantees its Bid by depositing one of the following with its Proposal in an amount of five <br />percent (5%) or more of the Bidder’s total Bid: <br /> <br /> Certified check <br /> Cashier’s check <br /> Bid Bond <br /> <br /> _____________________________________ <br /> Signature <br /> <br /> <br /> <br /> <br />BID BOND <br />Bond No. ____________ <br />Project: Beverly Lake Water Quality Retrofit <br />W.O. #: UP3745 <br /> <br /> <br />KNOW ALL MEN BY THESE PRESENTS, <br />that __________________________________________ [Contractor], a corporation <br />organized under the laws of the State of ______________, and registered to do business in the <br />State of Washington as a contractor, as Principal, and <br />_______________________________________________________[Surety], a corporation <br />organized under the laws of the State of ____________ and registered to transact business in <br />the State of Washington, as Surety, their heirs, executors, administrators, successors and <br />assigns, are jointly and severally held and bound to the City of Everett, Washington, <br />hereinafter called “City”, and are similarly held and bound unto the City in the sum of <br />________________________ and __/100’s Dollars ($_____________), the payment of <br />which, well and truly to be paid, we bind ourselves, our heirs, executors and successors, <br />jointly and severally, formally by these presents. <br /> <br />NOW, THEREFORE, the condition of this obligation is such that the Surety is held and bound <br />to the City to pay and forfeit to the City the amount of this bond as provided herein, upon the <br />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 /> <br />It is expressly understood and agreed that: <br />