HomeMy WebLinkAboutBid_BondBID BOND CITY OF OSHKOSH
Contract Number Bond Number
Date Bond Executed (Date of Contract or Later)
PRINCIPAL/CONTRACTOR (Legal Name and Business Address)
Type of Organization
Individual Partnership
Corporation
State of Incorporation
SURETY(IES) (Legal Name(s) and Business Address(es))
OWNER (Legal Name and Business Address)
CITY OF OSHKOSH
215 Church Avenue
PO Box 1130
Oshkosh, Wisconsin 54903-1130
Penal Sum of Bond
OBLIGATION
The Contractor and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors
and assigns to the Owner for the amount of the penal sum identified above if the Owner accepts the bid of this
Contractor within the time specified in the bid documents or within such time period as may be agreed upon between
the Owner and the Contractor, and the Contractor shall fail to execute the Contract within five (5) business days of
written notice to the Contractor and Surety of Owner’s intent to make a claim upon this Bond.
The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which
the Owner may accept the bid.
If the Contractor either enters into a contract with Owner in accordance with the terms of the bid and gives such
bond(s) that may be specified in the bidding documents for the faithful performance of the Contract and for the prompt
payment of labor, materials and supplies furnished for the purpose thereof; or pays to the Owner the difference
between the amount specified in the bid and such larger amount for which the Owner may in good faith contract with
another party to perform the work covered in such bid, then the Surety and the Contractor shall have no obligation
under this Bond.
Notice to the Contractor or Surety shall be deemed to have been given: (i) upon delivery to an officer or person
entitled to such notice, if hand delivered; or (ii) upon delivery if delivered by priority, registered or certified mail through
the United States Postal Service; (iii) upon delivery by a commercial carrier that will certify the date and time of
delivery; or (iv) upon transmission if by facsimile, email or other form of electronic transmission. Notices shall be
provided to the Owner, Surety and/or Contractor at their address as specified on this Bond or to a facsimile, email or
other electronic address that has been provided in writing to the other party to be used for this purpose.
The laws of the State of Wisconsin shall govern the interpretation and construction of this Bond. Winnebago County
shall be the venue for all disputes arising under this Bond. Any provision in this Bond that may conflict with statutory
or other legal requirement shall be deemed deleted herefrom and pr ovisions conforming to the statutory or other legal
requirement shall be deemed incorporated herein.
Name of Principal/Contractor Name of Surety
Title Title