Common use of BID GUARANTY Clause in Contracts

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. 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 XxxxxxxxSullivan, Missouri as a guarantee that the bidder will execute a contract and furnish the required bond if his bid is accepted.