Bid Bond Form-Santa Barbara Unified School District
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Bond No. _______
Premium _______
NAIC No. _______
BID BOND
10% of aggregate amount of bid
(Not required if cash, cashier's check or certified check in the required amount
accompanies the bid)
KNOW ALL MEN BY THESE PRESENTS: That we, ___________________________
_____________________________________________________________________,
as
Principal, and _________________________________________________________,
as
Surety, are held and firmly bound unto the Santa Barbara School Districts, State of
California, the sum of ten percent of the aggregate amount of bid, the payment of which
we hereby bind ourselves, our successors, heirs, executors, and administrators, jointly
and severally, firmly by these present.
That the said Surety's office is located at
_______________________________________
_______________________________, California, Telephone No. (
) ______________
and the said Surety is licensed to do business in the State of California, and the
California resident agent for said Surety is ___________________________________.
California Insurance Agent License No. _____________________________.
That the following clause must be completed if in fact a non-resident agent for the Surety
is a party to the transaction:
Name non-resident agent: ________________________________________________
Non-resident agent's office address: ________________________________________
________________________________________
Telephone No.
________________________________________
The condition of the foregoing obligation is such that, whereas the above bound principal
is about to submit to the Governing Board of the Santa Barbara School Districts a bid or
proposal for the performance of the work therein mention, in compliance with the plans
and specifications therefor, pursuant to published Notice Inviting Bids:
Now, if the bid or proposal of the principal is accepted and the work awarded to the
principal by said Governing Board, and if the principal shall fail or neglect to enter into a
contract therefor in accordance with the provisions of said bid or proposal and the
accompanying Instructions and Information for bidders, and to execute adequate faithful
performance and labor and material surety bonds to the satisfaction of the legal counsel
of said District, then the sum guaranteed by this bond is forfeited to the Santa Barbara
School Districts.
SANTA BARBARA SCHOOL DISTRICTS – SCHOOL SITE
PROJECT NAME
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