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representative and the customer. All costs such as travel, lodging and meals will be the responsibility <br />of the bidder. <br />BID BOND <br />A bid bond as security for the bid in the form of a 10% bid bond will be provided with the proposal. This <br />bid bond will be issued by a Surety Company who is listed on the U.S. Treasury Departments list of <br />acceptable sureties as published in Department Circular 570. The bid bond will be issued by an <br />authorized representative of the Surety Company and will be accompanied by a certified power of <br />attorney dated on or before the date of bid. The bid bond will include language which assures that the <br />bidder/principal will give a bond or bonds, as may be specified in the bidding or contract documents, <br />with good and sufficient surety for the faithful performance of the contract, including the Basic One (1) <br />Year Limited Warranty, and for the prompt payment of labor and material furnished in the prosecution <br />of the contract. <br />Notwithstanding any document or assertion to the contrary, any surety bond related to the sale of a <br />vehicle will apply only to the Basic One (1) Year Limited Warranty for such vehicle. Any surety bond <br />related to the sale of a vehicle will not apply to any other warranties that are included within this bid <br />(OEM or otherwise) or to the warranties (if any) of any third party of any part, component, attachment or <br />accessory that is incorporated into or attached to the vehicle. In the event of any contradiction or <br />inconsistency between this provision and any other document or assertion, this provision will prevail. <br />PERFORMANCE BOND NOT REQUESTED <br />A performance bond will not be included. If requested at a later date, one will be provided to you for an <br />additional cost and the following will apply: <br />The successful bidder will furnish a Performance and Payment bond (Bond) equal to 100 percent of the <br />total contract amount within 30 days of the notice of award. Such Bond will be in a form acceptable to <br />the Owner and issued by a surety company included within the Department of Treasury's Listing of <br />Approved Sureties (Department Circular 570) with a minimum A.M. Best Financial Strength Rating of A <br />and Size Category of XV. In the event of a bond issued by a surety of a lesser Size Category, a <br />minimum Financial Strength rating of A+ is required. <br />Bidder and Bidder's surety agree that the Bond issued hereunder, whether expressly stated or not, also <br />includes the surety's guarantee of the vehicle manufacturer's Bumper to Bumper warranty period <br />included within this proposal. Owner agrees that the penal amount of this bond will be simultaneously <br />amended to 25 percent of the total contract amount upon satisfactory acceptance and delivery of the <br />vehicle(s) included herein. Notwithstanding anything contained within this contract to the contrary, the <br />surety's liability for any warranties of any type will not exceed three (3) years from the date of such <br />satisfactory acceptance and delivery, or the actual Bumper to Bumper warranty period, whichever is <br />shorter. <br />APPROVAL DRAWING <br />A drawing of the proposed apparatus will be prepared and provided to the purchaser for approval <br />before construction begins. The Pierce sales representative will also be provided with a copy of the <br />same drawing. The finalized and approved drawing will become part of the contract documents. This <br />7of89 <br />