SRV Construction Company 5/1/2018

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 • I percent(5%)or more of the Bidder's total Bid: ❑ Certified check ❑ Cashier's check ® Bid Bond (�h 4W S nature , BID BOND Bond No.Bid Bond Project: WATER MAIN REPLACEMENT"Q" -EVERGREEN WAY REBID W.O.##: UP3612 KNOW ALL MEN BY THESE PRESENTS, that SRV Construction,Inc. [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 Travelers Casualty and Surety Company of America [Surety],a corporation organized under the laws of the State of Connecticut 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 the Total Bid and_/100'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 Replacement"Q" Division P—PROPOSAL February 9,2018 -Evergreen Way Rebid Work Order No.—UP3612 SP—26 Page 36 Bid Deposit Provided to Builder Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com -Always Verify Scale