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BID BOND Sample Clauses

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
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BID BONDPrior 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. 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. 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. Each Bid must be accompanied by a Bid bond prepared on the form of Bid Bond attached hereto, duly executed by the Bidder as principal and having as surety thereon a surety company approved by the Owner, in the amount of five percent (5 %) of the Bid, if the Bid exceeds $100,000. a. Such Bid bonds will be returned to all except the three lowest responsible Bidders within ten (10) days after the opening of Bids, and the remaining Bid bonds will be returned promptly after the Owner and the accepted Bidder have executed the Contract, or, if no award has been made within ninety (90) days after the date of the opening of Bids, upon demand of the Bidder at any time thereafter, so long as he has not been notified of the acceptance of his Bid. b. The Bid Bond of the successful Bidder will be retained until the Payment Bond and Performance Bond required hereinafter have been executed and approved, after which the Bid Bond will be returned. c. All Bid Bonds, Performance Bonds, and Payment Bonds, Insurance Contracts, and Certificates of Insurance shall be executed by or countersigned by an attorney-in-fact or a South Carolina licensed agent of the surety or insurance company having his place of business in the State of South Carolina. Further, the said surety or insurance company shall be duly licensed and qualified to do business in the State of South Carolina. Surety companies signing bonds must appear on the Treasury Department’s current list (Circular 570, as amended).
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BID BOND. The required bidder's security shall be in an amount equal to at least 10 percent of the amount bid. A bid shall not be considered unless one of the forms of bidder's
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. Form of Bid Security executed by the Bidder as Principal and by a Surety to guarantee that the Bidder will enter into a Contract within a specified time and furnish any required bond as mandated by Connecticut General Statute Section 4b-92.
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