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Orange County West Campus Office Building -HVAC <br />PDC Project 23020 Bid Bond 00 90 00.03 - 1 <br />Section 00 90 00.03 -Bid Bond <br />______________________________________,as Principal,and ______________________________ <br />___________________________________________________________________,as Surety,who is <br />duly licensed to act as Surety in North Carolina through the ___________________________________, <br />as Obligee,in the penal sum of __________________________________________________________ <br />DOLLARS,lawful money of the United States of America,for the payment of which,well and truly to be <br />made,we bind ourselves,our heirs,executors,administrators,successors and assigns,jointly and severally, <br />firmly by these presents. <br />SIGNED,sealed and dated this __________day of _________________________,20________. <br />WHEREAS,the said Principal is herewith submitting Proposal for: <br />______________________________________________________________________________ <br />and the Principal desires to file this Bid Bond in lieu of making the cash deposit as required by G.S. <br />143-129: <br />NOW,THEREFORE,THE CONDITION OF THE ABOVE OBLIGATION is such,that if the Principal shall be <br />awarded the Contract for which the bid is submitted and shall execute the Contract and give bond for the <br />faithful performance thereof within ten days after the award of same to the Principal,then this obligation shall <br />be null and void;but if the Principal fails to so execute such Contract and give Performance Bond as required <br />by G.S.143-129,the Surety shall upon demand,forthwith pay to the Obligee the amount set forth in the first <br />paragraph hereof;and provided further,that the bid may be withdrawn as provided by G.S.143-129.1. <br />______________________________________________(SEAL) <br />Docusign Envelope ID: 8DED1454-68D2-4E36-9FC6-E56FF2124E5D