Form AER356B "Division of Aeronautics Bid Bond" - Illinois

What Is Form AER356B?

This is a legal form that was released by the Illinois Department of Transportation - a government authority operating within Illinois. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on January 28, 2021;
  • The latest edition provided by the Illinois Department of Transportation;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form AER356B by clicking the link below or browse more documents and templates provided by the Illinois Department of Transportation.

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Download Form AER356B "Division of Aeronautics Bid Bond" - Illinois

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Division of Aeronautics Proposal Bid Bond
Sponsor
Item Number
IL Project Number
AIP Project Number
Letting Date
KNOW ALL MEN BY THESE PRESENTS, That We
as PRINCIPAL, and
as SURETY, are held jointly, severally and firmly bound unto the SPONSOR identified above, in the penal sum of 5 percent of the total bid price, well and
truly to be paid unto said SPONSOR, for the payment of which we bind ourselves, our heirs, executors, administrators, successors and assigns.
THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH, that whereas, the PRINCIPAL has submitted a bid proposal to the SPONSOR
through its AGENT, the State of Illinois, Department of Transportation, Division of Aeronautics, for the improvement designated by the Transportation
Bulletin Item Number and Letting Date indicated above.
NOW, THEREFORE, if the SPONSOR through its AGENT shall accept the bid proposal of the PRINCIPAL; and if, after award by AGENT on
behalf of SPONSOR, the PRINCIPAL shall enter into a contract in accordance with the terms of the bidding and contract documents, including evidence of
the required insurance coverages, and providing such bond as specified with good and sufficient surety for the faithful performance of such contract and for
the prompt payment of labor and material furnished in the prosecution thereof; or if, in the event of the failure of the PRINCIPAL to make the required DBE
submission or to enter into such contract and to give the specified bond, the PRINCIPAL pays to the SPONSOR the difference not to exceed the penalty
hereof between the amount specified in the bid proposal and such larger amount for which the SPONSOR may contract with another party to perform the
work covered by said bid proposal, then this obligation shall be null and void, otherwise, it shall remain in full force and effect.
IN THE EVENT the SPONSOR acting through its AGENT determines the PRINCIPAL has failed to comply with any requirement as set preceding
forth in the preceding paragraph, then SURETY shall pay the penal sum to the SPONSOR within fifteen (15) days of written demand therefor. If SURETY
does not make full payment within such period of time, the AGENT may bring an action to collect the amount owed. SURETY is liable to the SPONSOR
and to the AGENT for all its expenses, including attorney's fees, incurred in any litigation in which SPONSOR or AGENT prevail either in whole or in part.
In TESTIMONY WHEREOF, the said PRINCIPAL and the said SURETY have caused this instrument to be signed by their respective officers.
day of
A.D.,
PRINCIPAL
SURETY
(Company Name)
(Company Name)
By Signature
Date
By Signature
Date
Title
Title
Notary Certification for Principal and Surety
, a Notary Public in and for said County, do hereby certify that
I,
and
(Insert names of individuals signing on behalf of PRINCIPAL and SURETY)
who are each personally known to me to be the same persons whose names are subscribed to the foregoing instrument on behalf of PRINCIPAL and
SURETY, appeared before me this day in person and acknowledged respectively, that they signed and delivered said instrument as their free and voluntary
act for the uses and purposes therein set forth. Given under my hand and notarial seal.
Notary Public Signature
NOTARY
STATE OF
COUNTY OF
Printed Name
Subscribed and sworn before me this
day of
cc: Division of Aeronautics
,
.
(SEAL)
Date commission expires
Central Bureau of Design & Environment
In lieu of completing the above section of the Proposal Bid Form, the Principal may file an Electronic Bid Bond. By signing the proposal and marking the
check box next to the Signature and Title line below, the Principal is ensuring the identified electronic bid bond has been executed and the Principal and
Surety are firmly bound unto the SPONSOR through its AGENT under the conditions of the bid bond as shown above.
Electronic Bid Bond ID#
Company/Bidder name
Signature
Date
Title
Printed 02/14/21
AER 356B (Rev. 01/28/21)
Division of Aeronautics Proposal Bid Bond
Sponsor
Item Number
IL Project Number
AIP Project Number
Letting Date
KNOW ALL MEN BY THESE PRESENTS, That We
as PRINCIPAL, and
as SURETY, are held jointly, severally and firmly bound unto the SPONSOR identified above, in the penal sum of 5 percent of the total bid price, well and
truly to be paid unto said SPONSOR, for the payment of which we bind ourselves, our heirs, executors, administrators, successors and assigns.
THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH, that whereas, the PRINCIPAL has submitted a bid proposal to the SPONSOR
through its AGENT, the State of Illinois, Department of Transportation, Division of Aeronautics, for the improvement designated by the Transportation
Bulletin Item Number and Letting Date indicated above.
NOW, THEREFORE, if the SPONSOR through its AGENT shall accept the bid proposal of the PRINCIPAL; and if, after award by AGENT on
behalf of SPONSOR, the PRINCIPAL shall enter into a contract in accordance with the terms of the bidding and contract documents, including evidence of
the required insurance coverages, and providing such bond as specified with good and sufficient surety for the faithful performance of such contract and for
the prompt payment of labor and material furnished in the prosecution thereof; or if, in the event of the failure of the PRINCIPAL to make the required DBE
submission or to enter into such contract and to give the specified bond, the PRINCIPAL pays to the SPONSOR the difference not to exceed the penalty
hereof between the amount specified in the bid proposal and such larger amount for which the SPONSOR may contract with another party to perform the
work covered by said bid proposal, then this obligation shall be null and void, otherwise, it shall remain in full force and effect.
IN THE EVENT the SPONSOR acting through its AGENT determines the PRINCIPAL has failed to comply with any requirement as set preceding
forth in the preceding paragraph, then SURETY shall pay the penal sum to the SPONSOR within fifteen (15) days of written demand therefor. If SURETY
does not make full payment within such period of time, the AGENT may bring an action to collect the amount owed. SURETY is liable to the SPONSOR
and to the AGENT for all its expenses, including attorney's fees, incurred in any litigation in which SPONSOR or AGENT prevail either in whole or in part.
In TESTIMONY WHEREOF, the said PRINCIPAL and the said SURETY have caused this instrument to be signed by their respective officers.
day of
A.D.,
PRINCIPAL
SURETY
(Company Name)
(Company Name)
By Signature
Date
By Signature
Date
Title
Title
Notary Certification for Principal and Surety
, a Notary Public in and for said County, do hereby certify that
I,
and
(Insert names of individuals signing on behalf of PRINCIPAL and SURETY)
who are each personally known to me to be the same persons whose names are subscribed to the foregoing instrument on behalf of PRINCIPAL and
SURETY, appeared before me this day in person and acknowledged respectively, that they signed and delivered said instrument as their free and voluntary
act for the uses and purposes therein set forth. Given under my hand and notarial seal.
Notary Public Signature
NOTARY
STATE OF
COUNTY OF
Printed Name
Subscribed and sworn before me this
day of
cc: Division of Aeronautics
,
.
(SEAL)
Date commission expires
Central Bureau of Design & Environment
In lieu of completing the above section of the Proposal Bid Form, the Principal may file an Electronic Bid Bond. By signing the proposal and marking the
check box next to the Signature and Title line below, the Principal is ensuring the identified electronic bid bond has been executed and the Principal and
Surety are firmly bound unto the SPONSOR through its AGENT under the conditions of the bid bond as shown above.
Electronic Bid Bond ID#
Company/Bidder name
Signature
Date
Title
Printed 02/14/21
AER 356B (Rev. 01/28/21)