Form BDE356B "Office of Highways Project Implementation Proposal Bid Bond" - Illinois

What Is Form BDE356B?

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 May 8, 2019;
  • 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 BDE356B by clicking the link below or browse more documents and templates provided by the Illinois Department of Transportation.

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Download Form BDE356B "Office of Highways Project Implementation Proposal Bid Bond" - Illinois

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Office of Highways Project Implementation
Proposal Bid Bond
Item No.
Letting Date
KNOW ALL PERSONS BY THESE PRESENTS, That We
as PRINCIPAL, and
as SURETY, and held jointly, severally and firmly bound unto the STATE OF ILLINOIS in the penal sum of 5 percent of the total bid price, well
and truly to be paid unto said STATE OF ILLINOIS, 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 STATE OF
ILLINOIS, acting through the Department of Transportation, for the improvement designated by the Transportation Bulletin Item Number and
Letting Date indicated above.
NOW, THEREFORE, if the Department shall accept the bid proposal of the PRINCIPAL; and if, after award by the Department, 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 enter into such contract
and to give the specified bond, the PRINCIPAL pays to the Department the difference not to exceed the penalty hereof between the amount
specified in the bid proposal and such larger amount for which the Department 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 Department determines the PRINCIPAL has failed to comply with any requirement as set forth in the preceding paragraph,
then Surety shall pay the penal sum to the Department within fifteen (15) days of written demand therefor. If Surety does not make full payment
within such period of time, the Department may bring an action to collect the amount owed. Surety is liable to the Department for all its
expenses, including attorney's fees, incurred in any litigation in which it prevails either in whole or in part.
In TESTIMONY WHEREOF, the said PRINCIPAL has caused this
In TESTIMONY WHEREOF, the said SURETY has caused this
instrument to be signed by its officer
instrument to be signed by its officer
day of
A.D.,
day of
A.D.,
(Company Name)
(Company Name)
By
By
(Signature and Title)
(Signature of Attorney-in-Fact)
NOTARY for PRINCIPAL
NOTARY for SURETY
STATE OF
STATE OF
COUNTY OF
COUNTY OF
Signed and attested before me on
(date)
Signed and attested before me on
(date)
By
By
(Name of Notary Public)
(Name of Notary Public)
(Seal)
(Seal)
(Signature of Notary Public)
(Signature of Notary Public)
(Date Commission Expires)
(Date Commission Expires)
In lieu of completing the above section of the Annual Proposal Bid Bond form, the Principal may file an Electronic Bid Bond. By signing the
proposal(s) the Principal is ensuring the identified electronic bid bond has been executed and the Principal and Surety are firmly bound unto the
State of Illinois under the conditions of the bid bond as shown above.
Electronic Bid Bond ID #
Company/Bidder Name
Signature and Title
Printed 07/31/20
BDE 356B (Rev. 05/08/19)
Office of Highways Project Implementation
Proposal Bid Bond
Item No.
Letting Date
KNOW ALL PERSONS BY THESE PRESENTS, That We
as PRINCIPAL, and
as SURETY, and held jointly, severally and firmly bound unto the STATE OF ILLINOIS in the penal sum of 5 percent of the total bid price, well
and truly to be paid unto said STATE OF ILLINOIS, 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 STATE OF
ILLINOIS, acting through the Department of Transportation, for the improvement designated by the Transportation Bulletin Item Number and
Letting Date indicated above.
NOW, THEREFORE, if the Department shall accept the bid proposal of the PRINCIPAL; and if, after award by the Department, 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 enter into such contract
and to give the specified bond, the PRINCIPAL pays to the Department the difference not to exceed the penalty hereof between the amount
specified in the bid proposal and such larger amount for which the Department 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 Department determines the PRINCIPAL has failed to comply with any requirement as set forth in the preceding paragraph,
then Surety shall pay the penal sum to the Department within fifteen (15) days of written demand therefor. If Surety does not make full payment
within such period of time, the Department may bring an action to collect the amount owed. Surety is liable to the Department for all its
expenses, including attorney's fees, incurred in any litigation in which it prevails either in whole or in part.
In TESTIMONY WHEREOF, the said PRINCIPAL has caused this
In TESTIMONY WHEREOF, the said SURETY has caused this
instrument to be signed by its officer
instrument to be signed by its officer
day of
A.D.,
day of
A.D.,
(Company Name)
(Company Name)
By
By
(Signature and Title)
(Signature of Attorney-in-Fact)
NOTARY for PRINCIPAL
NOTARY for SURETY
STATE OF
STATE OF
COUNTY OF
COUNTY OF
Signed and attested before me on
(date)
Signed and attested before me on
(date)
By
By
(Name of Notary Public)
(Name of Notary Public)
(Seal)
(Seal)
(Signature of Notary Public)
(Signature of Notary Public)
(Date Commission Expires)
(Date Commission Expires)
In lieu of completing the above section of the Annual Proposal Bid Bond form, the Principal may file an Electronic Bid Bond. By signing the
proposal(s) the Principal is ensuring the identified electronic bid bond has been executed and the Principal and Surety are firmly bound unto the
State of Illinois under the conditions of the bid bond as shown above.
Electronic Bid Bond ID #
Company/Bidder Name
Signature and Title
Printed 07/31/20
BDE 356B (Rev. 05/08/19)