Laserfiche WebLink
1 <br /> It is expressly understood and agreed that: , <br /> 1. Bidder and Surety,jointly and severally,bind themselves,their heirs,executors,administrators, successors <br /> and assigns to pay to the City upon default of Bidder the penal sum set forth on the face of this Bond. <br /> 2. Default of Bidder shall occur upon the failure of Bidder to deliver within the time required by the Bidding <br /> Documents the executed Agreement required by the Bidding Documents,any performance and payment <br /> bonds required by the Bidding Documents and Contract Documents, and evidence of insurance required by <br /> the Bidding Documents and Contract Documents. <br /> 3. This obligation shall be null and void if: I <br /> 3.1. City accepts Bidder's bid and Bidder delivers within the time required by the Bidding Documents <br /> (or any extension thereof agreed to in writing by City)the executed Agreement required by the ' <br /> Bidding Documents,any performance and payment bonds required by the Bidding Documents and ` <br /> Contract Documents,and evidence of insurance required by the Bidding Documents and Contract <br /> Documents, or <br /> 3.2. All bids are rejected by City. <br /> 4. Payment under this Bond will be due and payable upon default of Bidder and within thirty(30)calendar days <br /> after receipt by Bidder and Surety of written notice of default from the City,which notice will be given with <br /> reasonable promptness,identifying this Bond and the Project and including a statement of the amount due. <br /> 5. Surety waives notice of any and all defenses based on or arising out of any time extension to issue notice of , <br /> award agreed to in writing by City and Bidder,provided that the time for issuing notice of award including <br /> extensions shall not in the aggregate exceed one hundred twenty(120)days from Bid Due Date without <br /> Surety's written consent. ' <br /> 6. No suit or action shall be commenced under this Bond prior to thirty(30) calendar days after the notice of <br /> default required in paragraph 4 above is received by Bidder and Surety.Any suit or action under this bond <br /> must be instituted within the time period provided by applicable law. <br /> 7. The laws of the State of Washington shall apply to the determination of the rights and obligations of <br /> the parties hereunder. Venue for any dispute or claim hereunder shall be the state courts of <br /> Washington in Snohomish County,Washington. <br /> 8. Notice required hereunder shall be in writing sent to Bidder and Surety at their respective addresses shown on <br /> the face of this Bond Such notices may be sent by personal delivery,commercial courier or United States <br /> Registered or Certified Mail,return receipt requested,postage prepaid, and shall be deemed to be effective <br /> upon receipt by the party concerned. <br /> 9. Surety shall cause to be attached to this Bond current and effective Power of Attorney evidencing authority of <br /> the officer, agent or representative to execute this Bond on behalf of Surety to execute and deliver such Bond <br /> and bind the Surety thereby. <br /> 10. This Bond is intended to conform to all applicable statutory requirements.Any applicable requirement of any <br /> applicable statute that has been omitted from this Bond shall be deemed to be included herein as if set forth at <br /> length.If any provision of the Bond conflicts with any applicable provision of any applicable statue.then the <br /> provision of said statue shall govern and the remainder of this Bond that is not in conflict therewith shall <br /> continue in full force and effect. <br /> 10023829 City of Everett Public Works July 2018 <br /> WPCF FEN Chlorination Building Upgrade Work Order 3614 <br /> CITY OF EVERETT BID SECURITY FORM <br /> 00 43 13 13-2 Issue for Bid , <br />