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1 <br /> IBiD GUARANTY <br /> 1 Bidder herewith guarantees its bid by depositing one of the following with its bid/proposal in an amount of <br /> five percent (5%) or more of the bidder's total bid/proposal: <br /> I ❑ Certified check <br /> ❑ Cashier's check <br /> Ira Bid Bond <br /> 1i .,i <br /> Signature <br /> BID BOND <br /> Bond No.Bid <br /> CITYWIDE INTERSECTION SIGNING, <br /> I <br /> Project COE#:PW3628;FED.AID#:HSIP-000S(439) <br /> W.O. # 36e6 <br /> 1 KNOW ALL MEN BY THESE PRESENTS, <br /> that Trinity Contractors, Inc. (Contractor], a corporation <br /> I organized under the laws of the State of Washington <br /> ,and registered to do business in the <br /> State of Washington as a contractor.as Principal,and <br /> Old Republic Surety Company [Surety], a corporation <br /> I <br /> organized under the laws of the State of Wisconsin 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 /> I <br /> hereinafter called "City''. and are similarly held and bound unto the City in the sum of <br /> Five Percent(5%)of Bid Amount and —/100's Dollars($5%of Bid Amount), the payment of <br /> which. well and truly to be paid,we bind ourselves, our heirs, executors and successors, <br /> I jointly and severally, formally by these presents. <br /> NOW, THEREFORE, the condition of this obligation is such that the Surety is held and <br /> bound to the City to pay and forfeit to the City the amount of this bond as provided herein, <br /> I upon the conditions contained herein, unless the conditions for release contained herein are <br /> satisfied or 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 /> 1 Bond. <br /> 2. Default of Bidder shall occur upon the failure of Bidder to deliver within the time required by the <br /> I <br /> Bidding Documents the executed Agreement required by the Bidding Documents, any performance and <br /> Iage 152 Bid Guaranty <br /> rovided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www bxwa.corn-Always Ver;fy Scale <br />