BID GUARANTY. The cashier's check or bidder's bond accompanying the proposal submitted by the bidder, as a guaranty that the bidder will enter into a contract with the owner for the construction of the work, if the contract is awarded to them.
BID GUARANTY. Each bid shall be accompanied by a bid bond, cashier's check or a certified check for an amount not less than five (5) percent of the bid amount, payable unconditionally to the City of Xxxxxxxx, Missouri as a guarantee that the bidder will execute a contract and furnish the required bond if his bid is accepted.
BID GUARANTY. The FHSU Purchasing Office requires that a bid guaranty in the amount of five percent (5%) of the total bid be submitted by all bidders to ensure faithful performance with the conditions of this RFP. A bid guaranty must be one of the following: 1) certified check, cashier check, or certificate of deposit payable to Fort Xxxx State University; or 2) a properly executed bid bond payable to Fort Xxxx State University. All checks or certificates of deposit submitted as a bid guaranty shall be returned after contract award unless the guaranty shall serve as a performance guaranty for the successful bidder. Bonds will not be returned. If the successful bidder fails to enter into a written contract, FHSU shall retain the bid guaranty as liquidated damages.
BID GUARANTY. Pursuant to the provisions of Section 153.54, each bidder shall be required to file with his bid one of the following options:
1. A bond in accordance with division (B) of Section 153.54 of the Revised Code, providing for the Bid Guaranty and the Contract Bond in the full amount of the bid, or,
2. A Certified Check, Cashier's Check, or Letter of Credit pursuant to Chapter 1305 of the Revised Code, in accordance with division (C) of Section 153.54. The amount of the Certified Check, Cashier's Check or Letter of Credit shall be equal to ten percent (10%) of the bid. If this option is used, a Performance Bond issued by a surety company in the amount of 100% of the contract price shall be furnished by the successful bidder as a condition of the contract.
BID GUARANTY. The Bidder must file a Bid Guaranty with the Bidder’s bid, payable to the City of North Royalton, in the form of either:
BID GUARANTY. A. The bid shall be accompanied by a PDF file of an original bid guaranty in the amount equal to at least 5% of the Total Bid Price. Upon request by the County, bidder(s) shall provide the original bid guaranty which accompanied their electronic bid. The bid guaranty shall be in one of the following formats and made payable to KING COUNTY: (1) a bid guaranty bond, using either the form provided in §00 43 13 or a form acceptable to the County which contains provisions substantially similar to those in §00 43 13, duly completed by a guaranty company authorized to carry on business in the state of Washington; or (2) a postal money order, a certified check, or cashier's check drawn upon a banking institution with a branch office in the state of Washington. The surety signing the bid guaranty bond shall be registered with the Washington State Insurance Commissioner, and the surety's name shall appear in the current Authorized Insurance Company List in the State of Washington published by the Office of the Insurance Commissioner. Failure to submit the PDF file of the original bid guaranty, or upon request by the County, provide the original bid guaranty, shall render the bid non-responsive and be rejected.
B. The amount payable to the County under the bid guaranty bond, or the certified or cashier's check or postal money order and the amount thereof, as the case may be, shall be forfeited to the County in case of a failure or neglect of the Bidder to furnish, execute and deliver to the County all the forms listed in §00 52 00 within the number of days specified therein, following the issuance of the Intent to Award. Forfeiture of the bid guarantee shall not limit the County’s right to recover damages from the Bidder caused by the Bidder’s failure to execute the Contract.
C. The County will return bid guarantees of all bidders in accordance with §00 20 00
BID GUARANTY. Each Bid shall be accompanied by either a certified check or Surety Company's Bid Bond as specified herein under "ADVERTISEMENT", in an amount of not less than ten (10) percent of the base bid, which check or bond shall be payable to the Owner as payee or obligee, and shall be forfeited as liquidated damages if the bidder fails to execute the contract in conformity with the Agreement incorporated in the Contract Documents, and furnish bonds as specified, within ten (10) days after receipt of Contract Documents. Such checks or bid bonds will be returned, to all except the three (3) lowest bidders immediately after the award, and the remaining unsuccessful bidders checks or bid bonds will be returned when the contracts executed by both parties are delivered to the successful bidder.
BID GUARANTY. The Shareholders acknowledge that Geraxx xxx posted a bid guaranty in the amount of US $100,000. Such amount shall be returned to Geraxx xxxn the bid guaranty is replaced by the performance guaranty required by the Concession Contract, it being understood that the performance guaranty will be provided by the Company.
BID GUARANTY. The undersigned shall enclose a cashier’s check drawn on an Alabama bank or a bid bond executed by a surety authorized to make such bonds in Alabama for five percent (5%) of the bid or a maximum $10,000.00. Except for the bid guaranties from the three lowest bona fide bidders, all bid guaranties shall be returned immediately after bids have been checked, tabulated, and the relation to the bids established. Guaranties of the three lowest bidders shall be returned as soon as the contract bonds and contract of the successful bidder are properly executed and approved by the Xxx County Commission.
BID GUARANTY. Each Bid shall be accompanied by a Bid Guaranty in the form a Bid/Performance Bond , a certified check, a cashier's check, or a letter of credit, in conformity with the requirements of Section 153.54 of the Ohio Revised Code. If a Bid/Performance Bond is used, the bond shall be in the full amount of the Bid. It shall be properly executed and signed by both the Surety and the Bidder, with the names of the parties signing typed immediately below their signatures; affix corporate seals. Include the Surety's sufficient power of attorney affirming said signature and a certificate showing the legal right of the company to conduct business in the State of Ohio. If a certified check, a cashier's check, or a letter of credit is used, the instrument shall be drawn on a solvent bank in an amount not less than ten percent (10%) of the Bid. A letter of credit shall be revocable only at the option of the County. If a ten percent (10%) Bid Guaranty is used, the successful Bidder will be required to submit a one-hundred percent (100%) Performance Bond in conformity with the requirements of Ohio Revised Code Section 153.57 within ten (10) days of written notice of acceptance of his Bid. All Bid Guaranties shall be made payable to the order of the BOARD OF XXXXXX COMMISSIONERS, MEDINA COUNTY, OHIO. A Bid Guaranty is given as security that, if the Bid is accepted, the Bidder will enter into a contract in conformance with the Bid Documents. If for any reason, other than as authorized by Ohio Revised Code Section 9.31 or Ohio Revised Code Section 153.54(G), the Bidder fails to enter into the contract the Bidder shall be subject to the penalties prescribed in Ohio Revised Code Sections 153.54(B)(1) or 153.54(C)(1). As required in Ohio Revised Code Section 153.54(H), Bid Guaranties will be returned to all unsuccessful Bidders immediately after the contract is executed. If the Bid Guaranty of the successful Bidder is a certified check, a cashier's check, or a letter of credit it will be returned to the successful Bidder upon filing of the bond required in Ohio Revised Code Section 153.57.
