Absher/Stellar J Joint Venture 12/8/2025

City of Everett 00 43 13 - 1 Port Gardner Storage Facility - Facility Construction Package WO# UP-3525 00 43 13 - 1 BID SECURITY FORM SECTION 00 43 13 - BID SECURITY FORM BID SECURITY/DEPOSIT Bidder 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: Certified check Cashier’s check Bid Bond __________________________________ Signature BID BOND Bond No. ___________ Project: _____________ Project No. __________ KNOW ALL MEN BY THESE PRESENTS, that __________________________________________ [Contractor], a corporation organized under the laws of the State of ______________, and registered to do business in the State of Washington as a contractor, as Principal, and ___________________________________________________ [Surety], a corporation organized under the laws of the State of ____________ 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 held and bound unto the City in the sum of ________________________ and __/100’s Dollars ($_____________), the payment of which, well and truly to be paid, we bind ourselves, our heirs, executors 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, 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.