BID BOND. SECURITY The Contractor shall obtain a bid bond or bid security in the amount indicated to the right. For Bid Bond Form see Attachment 3d. Bid Security: 2% of Bid or Bid Bond: 10% of Bid
BID BOND. A Bid, Payment and Performance Bond are a requirement when the offer/contract amount exceeds $100,000. Respondents shall attach an electronic copy of their bid bond for responsiveness. Submission of the bid bond, along with a certified and effectively dated copy of the power of attorney, shall be completed and signed by all required parties and submitted on the form provided in the solicitation. Submittal of a bid bond less than 10% of the total estimated contract amount for base period, shall result in the bid being deemed non-responsive. In order to be acceptable to the County, the Surety company issuing the Bid Bond shall meet and comply with the minimum standards described in #Bond Requirements, “Qualifications of Surety Companies”. Failure to submit a Bid Bond from a Surety Company meeting these minimum standards shall result in rejection of the offer.
BID BOND. Prior to execution of this Agreement, Contractor delivered to Owner a Bid Bond in favor of the Owner in the form prescribed herein by Exhibit 2.4, such delivered Bid Bond being incorporated into this Agreement by reference as if fully stated herein.
BID BOND. Bid Bond has the same meaning as Security Bond as described in UGC Sections 5.1 and 5.1.2, and shall be in the form of an approved surety bond, cash, or other immediately available funds.
BID BOND. The Bid Bonds submitted by the Purchaser to the Seller are, as of the date of their issuance, legal, valid and enforceable by the Seller in accordance with their respective terms. The Purchaser has procured the Bid Bonds in favour of the Seller and such bonds shall remain in full force and effect according to the terms thereof until and including the Closing Date, unless sooner released pursuant to this Agreement. The Seller may take such action in respect of the Bid Bonds to which it may be entitled by the terms thereof or hereof.
BID BOND. As a prerequisite for submitting a bid, it is necessary to pay a deposit or submit a Bid Bond in the amount of EUR 50.000 (Euro fifty thousand).
BID BOND. 4.1.1 To ensure conformance of the Tender, the Oman Broadband requires the Bidder to issue a Bid Bond in the exact format detailed in Section T3. The value of this Bid Bond shall be indicated in Section T3. The Bid Bond shall be forwarded to Oman Broadband as a separate envelop along the tender proposal and shall be submitted along the commercial proposal submission. The Bid Bond shall be enforced in the event that Bidder fails to submit and substantiate a conforming bid or has failed to accept award of the contract or purchase order..
BID BOND. 5.1.1 To ensure conformance of the Tender, the TowerCo requires the Bidder to issue a Bid Bond in the exact format detailed in Section T3. The value of this Bid Bond is indicated in Section T3. The Bid Bond shall be forwarded to the TowerCo as a separate envelope along with the tender proposal. The Bid Bond shall be enforced in the event that Bidder fails to submit and substantiate a conforming bid or has failed to accept award of the contract or purchase order.
BID BOND. Acciona may request from the Contractor a bank guarantee as a bid bond (hereinafter the “Bid Bond”), unconditional and irrevocable, issued by national commercial banks or branches of foreign banks, payable on demand and at its sole request. The amount of the Bid Bond shall be as indicated in the Specific Conditions, and its validity shall be the period of validity of the bid plus 120 consecutive days. If Acciona extends the terms of the selection process, any Contractor interested in continuing to participate in the process must renew this guarantee, under the same terms as described above and in force until the new date indicated by Acciona. Any Contractor that does not renew the Bid Bond under the terms indicated shall be automatically excluded from the selection process. The Bid Bond shall be returned to the successful Contractor upon delivery of the bank guarantee of performance of the Contract, which shall be provided within 20 days from the date of award and shall be enforceable within 10 days of its expiration. If this latter guarantee has not been required, the Bid Bond of the successful Contractor shall be returned upon signature of the respective Contract. Contractors that are not awarded shall have their bond returned within 60 days of being notified of the result of the award. It shall be the obligation of these Contractors to withdraw their bonds within the established period. Acciona accepts no liability for possession of this document after the aforementioned deadline. Acciona shall be entitled to enforce the Bid Bond without the need for any requirement or legal action, in the event that the Contractor withdraws its bid or the successful bidder fails to provide the bank guarantee for performance of the Contract.
BID BOND. Due to the emergency provisions of this bid, no bid bond will be required.
