Karl Needham Enterprises 5/18/2016

• BID GUARANTY Bidder herewith guarantees its bid by depositing one of the following with its bid/proposal in an amount of five percent(5%)or more of the bidder's total bid/proposal: ❑ Certified check ❑ Cashier's check / 1�`� Bid Bond Signature BID BOND Bond No. N/A Project: 2016 Biosolids Disposal Work W.O. # UP 2600-4-1 KNOW ALL MEN BY THESE PRESENTS, that Karl Needham Enterprises,Inc. [Contractor], a corporation organized under the laws of the State of California ,and registered to do business in the State of Washington as a contractor, as Principal, and Allied World Specialty Insurance Company [Surety], a corporation organized under the laws of the State of DE 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 of Total Amount 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: 1. Bidder and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors and assigns to pay to the City upon default of Bidder the penal sum set forth on the face of this Bond. 2016 Biosolids Disposal DIVISION P,P-9 March 1,2016 WORK ORDER 0 2600-4-1 Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scale