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Project Manual 11-210C - Ramapo College of New Jersey

Project Manual 11-210C - Ramapo College of New Jersey

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RAMAPO COLLEGE OF NEW JERSEY<br />

BID SECURITY FORM<br />

Know all Men by These Presents, that we, the undersigned,<br />

as Principal, and<br />

as Surety, are hereby held and firmly bound unto <strong>Ramapo</strong> <strong>College</strong> <strong>of</strong> <strong>New</strong> <strong>Jersey</strong>, as Owner in the penal<br />

sum <strong>of</strong><br />

Dollars<br />

($________________) for the payment <strong>of</strong> which, well and truly to be made, we hereby jointly and severally<br />

bind ourselves, our heirs, executors, administrators, successors, and assigns.<br />

Signed, this ____________________ day <strong>of</strong> _______________, 20____.<br />

The condition <strong>of</strong> the above obligation is such that whereas the Principal has submitted a bid for the <strong>Ramapo</strong><br />

<strong>College</strong> <strong>of</strong> <strong>New</strong> <strong>Jersey</strong>, Mahwah, <strong>New</strong> <strong>Jersey</strong>,<br />

Now therefore if said Bid shall be rejected, or in the alternate, if said Bid shall be accepted and the Principal<br />

shall execute and deliver a Contract properly completed in accordance with said Bid and shall furnish a<br />

bond for the faithful performance <strong>of</strong> said Contract, and for the payment <strong>of</strong> all persons performing labor or<br />

furnishing materials in connection therewith and shall in all other respects perform the agreement created by<br />

the acceptance <strong>of</strong> said Bid, then his obligation shall be void, otherwise the same shall remain in force and<br />

effect, it being expressly understood and agreed that the liability <strong>of</strong> the surety for any and all claims<br />

hereunder shall in no event, exceed the penal amount <strong>of</strong> this obligation as herein stated.<br />

IN WITNESS THEREOF, the Principal and Surety have duly executed this Bond under seal the date and<br />

year above written.<br />

SEAL<br />

Principal<br />

(L.S.)<br />

Surety<br />

By<br />

E-Wing Renovation for Teacher’s Education<br />

RCNJ <strong>Project</strong> No. <strong>11</strong>-<strong>210C</strong><br />

Form C107<br />

Page 1 <strong>of</strong> 1

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