SURETY AGREEMENT by johnrr2

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									Surety Agreement
ADA COUNTY DEVELOPMENT SERVICES
200 W. Front Street, Boise, Idaho 83702 Phone: (208) 287-7900        Fax: (208) 287-7909    www.adaweb.net

    $100.00 processing fee must accompany the submittal of this surety agreement.

Date: ____________________

This is to certify that the undersigned applicant agrees with Ada County through Development
Services (Department) to complete the work described below:




in conformance with the approved Project #____________________________.

To assure compliance with this Agreement, the undersigned applicant has provided a surety and at
least two original bid documents from other entities for the work described by Development Services.
The original bid documents submitted to the undersigned applicant by other entities must state that
the bids will be honored for 90 days following the completion date listed in this Agreement. The
original documents must be attached to this Agreement.

The surety must equal 120% of the highest bid on this Agreement and must remain in effect for 90
days following the completion date listed in this Agreement. The undersigned applicant agrees that is
the work is required is not completed on or before __________________, Development Services may
select a bidder from the entities listed as bidders on this Agreement, order the work completed, and
pay for the work with the proceeds of the surety. In the event the bidders listed on this Agreement
cannot perform the work, Development Services may select a contractor of its choice, order the work
performed, and pay for the work with the proceeds of the surety.

FORM OF SURETY (Circle one) Cashier Check                     Performance Bond       Letter of Credit

       COMPANY BIDDING*                     Expiration Date                BID AMT                 BID 120%

1.
__________________________________________________________________________________________________________

2.
__________________________________________________________________________________________________________

3.
__________________________________________________________________________________________________________

4.
__________________________________________________________________________________________________________

*BIDS MUST STATE HOW LONG THEY WILL BE HONORED AND THOSE DATES MUST EXCEED THE ABOVE AGREED
COMPLETION DATE BY 90 DAYS. SURETY DATES MUST EXCEED THE EFFECTIVE DATES OF THE BIDS. AMOUNT OF THE
SURETY MUST BE EQUAL TO 120% OF THE HIGHEST BID LISTED ABOVE. ORIGINAL ESTIMATES MUST BE ATTACHED.

_________________________________________________________            ____________________
APPLICANT                                                                    DATE

_________________________________________________________                    ______________________
WITNESS                                                                      DATE

GIVE NAME, ADDRESS AND PHONE NUMBER OF PERSON TO WHOM THE SURETY IS TO BE RETURNED:

_______________________________________                       Phone: ___________________________________

Surety Agreement/Version No. 3/April 2007
_______________________________________
___________________________________________




Surety Agreement/Version No. 3/April 2007

								
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