Reece Construction Company Inc. 5/24/2017

CITY OF EVERETT SPECIAL PROVISIONS BID DEPOSIT Bidder herewith guarantees its Bid by depositing one of the following with its Proposal in an amount of five percent(5%)or more of the Bidder's total Bid: El Certified check El Cashier's check L1 Bid Bond Signature BID BOND Bond No. N/A Project: WATER MAIN REPLACEMENT R W.O.#: UP3646 KNOW ALL MEN BY THESE PRESENTS, that Reece Construction Company [Contractor], a corporation organized under the laws of the State of Washington ,and registered to do business in the State of Washington as a contractor,as Principal, and Fidelity and Deposit Company of Maryland [Surety],a corporation organized under the laws of the State of Maryland 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 Five Percent(5%)of Total Bid Amountand ),/IOO's Dollars ($ 5%----- 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. It is expressly understood and agreed that: WATER MAIN REPLACMENT"R" Division P-PROPOSAL March 1,2017 Work Order No.-UP3646 SP-22