Agreement to Bond definition

Agreement to Bond means a letter or other form issued by a bonding agency licensed to operate by the Government of Canada or the Province of Ontario advising that, if the Bidder is successful, the bonding agency will issue the required bonds;

Agreement to Bond means an insurance agreement by which a third party (a surety) guarantees that if a Contract is awarded to the Bidder, the Bidder is capable of furnishing Bonds as required;

Agreement to Bond means a letter of form issued by a licensed bonding agency advising that, if the bidder is successful, the bonding agency will issue required bonds.

Examples of Agreement to Bond in a sentence

• Choose one) In accordance with B11.1, the Bidder encloses bid security in the form of: a bid bond (Form G1: Bid Bond and Agreement to Bond) an irrevocable standby letter of credit (Form G2: Irrevocable Standby Letter of Credit and Undertaking) a certified cheque or draft and agrees that it shall be held by the City in accordance with the Contract.

• Choose one) In accordance with B12.1, the Bidder encloses bid security in the form of: a bid bond (Form G1: Bid Bond and Agreement to Bond) an irrevocable standby letter of credit (Form G2: Irrevocable Standby Letter of Credit and Undertaking) a certified cheque or draft and agrees that it shall be held by the City in accordance with the Contract.

• Choose one) In accordance with B10.1, the Bidder encloses bid security in the form of: a bid bond (Form G1: Bid Bond and Agreement to Bond) an irrevocable standby letter of credit (Form G2: Irrevocable Standby Letter of Credit and Undertaking) a certified cheque or draft and agrees that it shall be held by the City in accordance with the Contract.

• Choose one) In accordance with B13.1, the Bidder encloses bid security in the form of: a bid bond (Form G1: Bid Bond and Agreement to Bond) an irrevocable standby letter of credit (Form G2: Irrevocable Standby Letter of Credit and Undertaking) a certified cheque or draft and agrees that it shall be held by the City in accordance with the Contract.

• Choose one) In accordance with B14.1, the Bidder encloses bid security in the form of: a bid bond (Form G1: Bid Bond and Agreement to Bond) an irrevocable standby letter of credit (Form G2: Irrevocable Standby Letter of Credit and Undertaking) a certified cheque or draft and agrees that it shall be held by the City in accordance with the Contract.

• Where Bid Security is required, the Bidder provides bid security in the form of a of a bid bond (Form G1: Bid Bond and Agreement to Bond) in accordance with the Bid Security clause in the Tender document and agrees that it shall be held by the City in accordance with the Contract.

• Form A: Bid/Proposal Form B: PricesForm G1: Bid Bond and Agreement to Bond PART B - BIDDING PROCEDURES B1.Contract Title1B2.Submission Deadline1B3.Enquiries1B4.Confidentiality1B5.Addenda1B6.Substitutes2B7.Bid Components3B8.Bid3B9.Prices4B10.Disclosure4B11.Conflict of Interest and Good Faith4B12.Qualification5B13.Bid Security6B14.Opening of Bids and Release of Information7B15.Irrevocable Bid7B16.Withdrawal of Bids8B17.Evaluation of Bids8B18.Award of Contract8 PART C - GENERAL CONDITIONSC0.

• Should your surety company provide you with both Bid Bond and Agreement to Bond (outlined below) in one combined document, do not attempt to split this into two separate files as it will negate the security features of the digital bond, not allowing the board to verify its authenticity and rendering it non-compliant.

• Bidders shall upload their electronic Agreement to Bond and electronic Bid Bond in the bidding system.

• Bidders shall upload their Bid Bond and Agreement to Bond in the Bonfire Bidding System.

More Definitions of Agreement to Bond

Agreement to Bond means a written assurance issued by a Surety Company that provides further protection to the County beyond that given by just a Bid Bond. The company agrees to furnish a Performance Bond and if required a Labour and Material Bond, on behalf of the vendor if they are awarded the contract.

Agreement to Bond means a letter or form issued by a licensed bonding agency advising that, if the Proponent is successful, the bonding agency will issue required bond(s).

Agreement to Bond means a is a legal commitment issued by a bonding agency licensed to operate by the Government of Canada or the Province of Ontario, confirming to the project owner that should the contractor be awarded the job and execute the contract, the surety will provide the performance and/or payment bonds as per the terms outlined in the consent of surety;

Agreement to Bond means a bond issued by a surety company that ensures that if the contractor is awarded the job and signs the contract, the surety will provide the performance bond and labour and material payment bond required in order to commence with the project;