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I <br /> BID GUARANTY <br /> Bidder herewithguarantees its bid bydepositing one of the followingwith its bid/proposal p g d proposal In an amount of <br /> Ifive percent (5%) or more of the bidder's total bid/proposal: <br /> ❑ Certified check <br /> ❑ Cashier's check <br /> ❑ Bid Bond <br /> I <br /> Signature <br /> I <br /> BID BOND <br /> Bond No. <br /> Project: <br /> W.O. # <br /> KNOW ALL MEN BY THESE PRESENTS, <br /> that [Contractor], a corporation <br /> organized under the laws of the State of , and registered to do <br /> business in the State of Washington as a contractor, as Principal, and <br /> [Surety], a <br /> corporation organized under the laws of the State of and registered <br /> to transact business in the State of Washington, as Surety, their heirs, executors, <br /> administrators, successors and assigns, are jointly and severally held and bound to <br /> the City of Everett, Washington, hereinafter called "City", and are similarly held and <br /> bound unto the City in the sum of and /100's <br /> Dollars ($ ), the payment of which, well and truly to be paid, we bind <br /> ourselves, our heirs, executors and successors, jointly and severally, formally by <br /> these presents. <br /> NOW, THEREFORE, the condition of this obligation is such that the Surety is held <br /> and bound to the City to pay and forfeit to the City the amount of this bond as <br /> provided herein, upon the conditions contained herein, unless the conditions for <br /> release contained herein are satisfied or expressly waived in a writing signed by the <br /> City Attorney. <br /> It is expressly understood and agreed that: <br /> I 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 /> Bond. <br /> HOT MIX ASPHALT OVERLAY-2018 PAGE 11 OF 14 MARCH 6,2018 <br /> WORK ORDER#3667 <br /> IDIVISION P <br />