Annual Bid Bond - 2026

Description

2026 STATE OF NEBRASKA NEBRASKA DEPARTMENT OF TRANSPORTATION Proposal Guaranty Bid Bond – Annual Effective Date of Bond Expiration Date of Bond July 1, 2026 KNOW ALL PERSONS BY THESE PRESENTS that we (Bidder’s name exactly as shown on Proposal Form) , as Principal, and , as Surety, are held and firmly bound unto the State of Nebraska, Department of Transportation, in the sum of five (5) percent of the amount of any and all bids submitted by Principal during the term of the bond to be paid to the State of Nebraska, Department of Transportation, the Principal and Surety binding themselves, their heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents as required by the Standard Specifications for Highway Construction of the State of Nebraska, Department of Transportation and Supplements effective at the date of the bid. WHEREAS the PRINCIPAL is expected to or has submitted bids to the State of Nebraska, Department of Transportation for construction or improvement of a state highway or building. NOW, THEREFORE, if the State of Nebraska, Department of Transportation, shall accept any bid of the Principal and if said Principal shall properly execute and deliver to the State of Nebraska, Department of Transportation, the contract, the bond for the contract performance and labor and materials payment under the contract in accordance with Section 52-118 R.R.S. 1943, other required documents and evidence of insurance coverage in compliance with the requirements of the proposal form, the specifications, and all supplementary provisions, to the satisfaction of the State of Nebraska, Department of Transportation, then this obligation shall be void and of no effect as to the accepted bid, otherwise this bond will remain in full force and effect.