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SECTION 00 43 13 <br />BID SECURITY FORM <br />BID SECURITY/DEPOSIT <br />Bidder herewith guarantees its bid by depositing one of the following with its bid/proposal in an <br />amount of five percent (5%) or more of the bidder's total bid/proposal: <br />❑ Certified check <br />❑ Cashier's check <br />❑ Bid Bond <br />Signature <br />BID BOND <br />Bond No. <br />Project: Reservoir 3 Replacement, Phase 1 <br />Project No.: Work Order # UP3739 <br />KNOW ALL MEN BY THESE PRESENTS, <br />that (Contractor), a corporation organized <br />under the laws of the State of , and registered to do business in the State of <br />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, hereinafter <br />called "City", and are similarly held and bound unto the City in the sum of <br />and _/100's Dollars ($ ), the payment of which, <br />well and truly to be paid, we bind ourselves, our heirs, executors and successors, jointly and <br />severally, formally by these presents. <br />NOW, 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 />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 />A. Bidder and Surety, jointly and severally, bind themselves, their heirs, executors, <br />administrators, successors and assigns to pay to the City upon default of Bidder the penal sum <br />set forth on the face of this Bond. <br />Reservoir 3 Replacement Phase 1 <br />Work Order No. UP3739 00 43 13 <br />BID SECURITY FORM March 2024 <br />