HomeMy WebLinkAboutADDENDUM NO 1 111TV.,1401\1V
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Ctri OV*NTV,000 COSTRACT.i0.986
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TO NO,VADORS 014 TO N130'4 0.03V,CT.,
The,ConstsuctionVians and$pecifications cov the above czo'3ect ate heseb-1 changed.as OWN s..
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Vs-ernove the 51.&13ond for,:a in the Constxnetion Speciftcations an&teplac,cle it,with 0:lel t tx1
attache&Bid 13on6.fona.`This totects tIle date is).the VtoSect TO itotin t e ye,a;'N o e
yeat'20/0
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shall.acknowle&g,e vecitct of tlis PsAden&acs. the Vii&V ooN.
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� BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we,
as Principal, and
as Surety are held and firmly bound unto the CITY OF WATERLOO . Iowa, hereinafter called
"OWNER." }n the pwnalsum _
Dollars($ lawful money of the United States, for the payment
of which sum will and truly be made, we bind ourselves, our heirs, executors, administrators, and
ouu000soe, jointly and severally, firmly bythese presents. The condition of this obligation is such !
that whereas the Principal has submitted the accompanying bid dated the d ' of
' 20 , for Fy. 2O2O Lot 2. 8moh3*o Addition San/tmrvSewer
--
�xton�D���on�ron� No� 986. �|t�ofVYatsrbmjgwA
NOW, THEREFORE,
(a) If said Bid nhuU be rejected, or in the alternate,
(b) |fsaid Bid ohoU be accepted and the Principal oho!| execute and deliver contract in the |onn
specified and oboU furnish a bond for his faithful performance of said contract, and for the payment
of all persons performing labor orfurnishing materials in connection thenewith, and uhoU in all other
respects perform the agreement created by the acceptance of said Bid,
Then this obligation shall be void, otherwise the same shall remain in force and affect; it being
expressly understood and u8mod that the liability of the Surety for any and all o|u|ms hereunder
shall, in no event, exceed the penal amount of this obligation as herein stated.
Bv virtue of statutory authority, the full amount of this b/d bond shall be forfeited to the Owner in
liquidation nfdamages sustained in the event that the Principal fails to execute the contract and
provide the bond as provided in the specifications or by law.
The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and
its bond shall behnnu way impaired or affected any extension of the time within which the Owner
may accept Such Bid or execute such contract; and said Surety does hereby waive notice ufanysuch
extension.
|N WITNESS WHEREOF, the Principal andthe Surety, hereunto set their hands and aoo|o, and
such ". "=,/ as are cv'purwvoxo' have caused their corporate seals to be hereto affixed and these
presents to be signed by their proper officers this day of A D
20
A. '
(Seal)
Principal �
By
(Title)
Witness -- Sure (Seal)
~x
Witness
Attorney-in.fact