Laserfiche WebLink
I . . <br /> l <br /> r '. ' <br /> payment bonds required by the Bidding Documents and Contract Documents, and evidence of insurance <br /> 1 ` required by the Bidding Documents and Contract Documents. <br /> 3 <br /> I3. 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 /> 111 required by the Bidding Documents, any performance and payment bonds required by the <br /> Bidding Documents and Contract Documents, and evidence of insurance required by the <br /> F I Bidding Documents and Contract Documents,or <br /> IIIf 3.2. All bids are rejected by City,or <br /> o 1 4. Payment under this Bond will be due and payable upon default of Bidder and within thirty (30) <br /> r calendar days after receipt by Bidder and Surety of written notice of default from the City,which notice will <br /> be given with reasonable promptness,identifying this Bond and the Project and including a statement of the <br /> amount due. <br /> I5. Surety waives notice of any and all defenses based on or arising out of any time extension to issue <br /> 1 notice of award agreed to in writing by City and Bidder, provided that the time for issuing notice of award <br /> I iincluding extensions shall not in the aggregate exceed one hundred twenty (120) days from laid Due Date <br /> without Surety's written consent. <br /> 6. No suit or action shall he commenced under this Bond prior to thirty(30)calendar days after the notice <br /> of default required in paragraph 4 above is received by Bidder and Surety.Any suit or action under this bond <br /> must he-instituted within the time period provided by applicable law. <br /> 7. The laws of the State of Washington shall apply to the determination.of the rights and obligations of <br /> 111 1 <br /> the parties hereunder. Venue for any dispute or claim hereunder shall be the state courts of Washington in <br /> Snohomish County,Washington. <br /> li <br /> 1 8. 'Notice required hereunder shall be in writing sent to Bidder and Surety at their respective addresses <br /> shown on. the face of this Bond. Such notices may be sent by personal delivery, commercial courier or <br /> United States Registered or Certified Mail,return receipt requested,postage prepaid,and shall be deemed to <br /> be effective upon receipt by the party concerned. <br /> )cevidencing <br /> Surety shall cause to be attached to. this Bond current and effective Power of Attorney ev idencmg <br /> authority of the officer, agent or representative to execute this Bond on behalf of Surety to execute and <br /> 1it14 <br /> deliver such Bond and bind the Surety thereby. <br /> 10. This Bond is intended to conform to all applicable statutory requirements. Any applicable requirement <br /> of any applicable statute that has been omitted from this Bond shall be deemed to be included herein as if set <br /> � <br /> forth at,.length. It any provision of the Bond conflicts with any applicable provision of any applicable statue, <br /> then the'provision of said statue shall govern and the remainder of this Bond that is not in conflict therewith <br /> f ? shall continue in.full force and effect. <br /> II 1 <br /> i <br /> i <br /> 0 :': <br /> III 0 <br /> ' ' <br /> -rovlded to Builders Exchange of WA,Inc. For usage Conditions A reernent see www.h a.c -Alwa. §,Yeti, <br /> 9 8 5. ..._....-....W...,,�!. ..��I?_._._.._.,.Y.. � _.b!.§cOlix....,...-.,......,,,,......,,_:,.,,,..:....._..w,..,.,.s..r_ <br />