Form SFN50231 Annual Bid Bond - North Dakota

What Is Form SFN50231?

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

FAQ

Q: What is Form SFN50231?A: Form SFN50231 is the Annual Bid Bond for North Dakota.

Q: What is a bid bond?A: A bid bond is a type of surety bond that guarantees that a bidder will adhere to the terms of a construction contract.

Q: Who needs to use Form SFN50231?A: Contractors bidding on construction projects in North Dakota may need to use Form SFN50231 to provide a bid bond.

Q: Is Form SFN50231 specific to North Dakota?A: Yes, Form SFN50231 is specific to North Dakota.

Q: What information is required on Form SFN50231?A: Form SFN50231 requires information such as the name and address of the contractor, the amount of the bid, and the project details.

Q: Can Form SFN50231 be used for multiple bids?A: No, Form SFN50231 is an annual bid bond that can only be used for one bid.

Q: Is there a fee to submit Form SFN50231?A: Yes, there may be a fee to submit Form SFN50231, depending on the requirements of the contracting agency.

Q: What happens if a bidder fails to provide a bid bond?A: If a bidder fails to provide a required bid bond, their bid may be deemed non-responsive and disqualified from consideration.

Q: Can Form SFN50231 be modified?A: No, Form SFN50231 should not be modified. It should be filled out accurately and as per the instructions provided.