Common use of Bid Security Clause in Contracts

Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidder's bond, may be required to be submitted with this bid document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” section of your response or it can be faxed to the Purchasing Office at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the Owners. 2.4.2 For all other contracts: upon approval by the Owners of the executed contract and bonds. 2.5 Owners shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the Owners, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification document.

Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidderBidder's bond, may be required to be submitted with this bid document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” section of your response or it can be faxed to the Purchasing Office office at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates alternate bids are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the OwnersCounty. 2.4.2 For all other contracts: upon approval by the Owners County of the executed contract and bonds. 2.5 Owners County shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners County as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification bidding document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the OwnersCounty, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification bidding document.

Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidder's bond, may be required to be submitted with this bid document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” AResponse Attachments@ section of your response or it can be faxed to the Purchasing Office at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the Owners. 2.4.2 For all other contracts: upon approval by the Owners of the executed contract and bonds. 2.5 Owners shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the Owners, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification document.

Bid Security. 2.1 9.1. Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidder's bid bond, may be required to be submitted with this bid documentthe solicitation, as indicated on the bidsolicitation. 2.1.1 9.1.1. Bid security, if required, shall be in the amount specified on in the bidsolicitation. The bid security must may be scanned and attached to the “Response Attachments” Attachments@ section of your response or it can be faxed to the Purchasing Office at 000-000-0000in Ebid. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within three (3) days of bid closing. 2.1.2 9.1.2. If the bid security is not received in the Office office of the Purchasing Division as stated above, the vendor Bidder may be determined to be non-responsive. 2.2 9.2. If alternates are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 9.3. Such bid security will be returned to the unsuccessful Bidders when the award of bid the solicitation is made. 2.4 9.3.1. Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 9.3.2. For single order bids with specified quantities: purchase orders, upon the delivery of all equipment or merchandise, and upon final acceptance by the OwnersOwner. 2.4.2 9.3.3. For all other contracts: , upon approval by the Owners Owner of the executed contract and bonds. 2.5 Owners 9.4. Owner shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 9.4.1. A contract has been executed and bonds have been furnished. 2.5.2 9.4.2. The specified time has elapsed so that the bids solicitations may be withdrawn. 2.5.3 9.4.3. All bids responses have been rejected. 2.6 9.4.4. Bid security will be forfeited to the Owners Owner as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification document: 2.6.1 If if the Bidder fails or refuses to enter into a contract on forms provided by the OwnersOwner, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification bidding document.

Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidder's bid bond, may be required to be submitted with this bid bidding document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” section of your response or it can be faxed to the Purchasing Office Division at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the OwnersCity. 2.4.2 For all other contracts: upon approval by the Owners City of the executed contract and bonds. 2.5 Owners City shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners City as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification bidding document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the OwnersCity, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification bidding document.

Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidderBidder's bond, may be required to be submitted with this bid document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” Attachments section of your response or it can be faxed to the Purchasing Office office at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates alternate bids are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the OwnersCounty. 2.4.2 For all other contracts: upon approval by the Owners County of the executed contract and bonds. 2.5 Owners County shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners County as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification bidding document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the OwnersCounty, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification bidding document.

Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's ’s check, or bidder's Bidder’s bond, may be required to be submitted with this bid document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” section of your response or it can be faxed to the Purchasing Office office at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office of the Purchasing Division as stated above, the vendor may be determined to be non-non- responsive. 2.2 If alternates alternate bids are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the OwnersCounty. 2.4.2 For all other contracts: upon approval by the Owners County of the executed contract and bonds. 2.5 Owners County shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners County as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification bidding document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the OwnersCounty, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification bidding document.

Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidderBidder's bond, may be required to be submitted with this bid document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” section of your response or it can be faxed to the Purchasing Office office at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates alternate bids are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the OwnersCounty. 2.4.2 For all other contracts: upon approval by the Owners County of the executed contract and bonds. 2.5 Owners County shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the Owners, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification document.

Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidderBidder's bond, may be required to be submitted with this bid document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” Attachments section of your response or it can be faxed to the Purchasing Office office at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 440 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within xithin three (3) days of bid closing. 2.1.2 If bid security is not received in the Office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates alternate bids are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the OwnersCounty. 2.4.2 For all other contracts: upon approval by the Owners County of the executed contract and bonds. 2.5 Owners County shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners County as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification bidding document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the OwnersCounty, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification bidding document.

Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidder's bid bond, may be required to be submitted with this bid bidding document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” AResponse Attachments@ section of your response or it can be faxed to the Purchasing Office Division at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the OwnersCity. 2.4.2 For all other contracts: upon approval by the Owners City of the executed contract and bonds. 2.5 Owners City shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners City as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification bidding document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the OwnersCity, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification bidding document.

Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidder's bond, may be required to be submitted with this bid document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” section of your response or it can be faxed to the Purchasing Office at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 440 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to xx be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the Owners. 2.4.2 For all other contracts: upon approval by the Owners of the executed contract and bonds. 2.5 Owners shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the Owners, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification document.