Orange County NC Website
Orange County Solid Waste <br />Scalehouse Building 00 43 13 -1 BID BOND FORM <br />SECTION 00 43 13 <br />BID BOND FORM <br />PART 1 GENERAL <br />1.1 SUMMARY <br />A.Section Includes: <br />1.​Utilize AIA Document A310 -2010 Bid Bond Form. Document is incorporated by <br />reference,Contractor is responsible to obtain a properly licensed form for use on <br />the project.​ <br />1.2 RELATED DOCUMENTS <br />A.Drawings and general provisions of the Contract,including General and Supplementary <br />Conditions and Specification Sections apply to this Section. <br />1.3 BID SECURITY <br />A.In lieu thereof,each bid may be accompanied by a deposit of cash or a certified check <br />drawn on a bank or trust company insured by the Federal Deposit Insurance Corporation <br />(FDIC)in an amount equal to not less than 5%of the gross amount of the bid. <br />B.Bid Bond shall be signed by the Bidder and notarized. <br />C.If the successful Bidder fails to execute the contract within 10 days after award,the <br />above deposit will be retained by the Owner on the bid bond executed on liquidated <br />damages. <br />END OF SECTION <br />Docusign Envelope ID: FA2D0569-6BCE-4E38-B3EE-9B3EFD09A753