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Local Assistance Procedures Manual Exhibit 12-H <br />Sample Bid <br />CITYICOUNTYOF <br />DEPARTMENT OF <br />BIDDER'S BOND <br />We, <br />as Principal, and <br />as Surety are bound unto the City/County of State of California, hereafter referred to as "Obligee", in the penal <br />sum of ten percent (10%) of the total amount of the bid of the Principal submitted to the Obligee for the work described <br />below, for the payment of which sum we bind ourselves, jointly and severally, <br />THE CONDITION OF THIS OBLIGATION IS SUCH, THAT: <br />WHEREAS, the Principal is submitted to the Obligee, for <br />(Copy here the exact description ofwork, including location as it appears o e proposal) <br />for which bids are to be opened at on <br />(Insert place where bids will be opened) (Insert date of bid opening) <br />NOW, THEREFORE, if the Principal is awarded the contract and, withi the time and manner required under the <br />specifications, after the prescribed forms are presented to him for sign re, enters into a written contract, in the prescribed <br />form, in conformance with the bid, and files two bonds with the Obli ee, one to guarantee faithful performance of the <br />contract and the other to guarantee payment for labor and materials s provided by law, then this obligation shall be null and <br />void; otherwise, it shall remain in full force. <br />In the event suit is brought upon this bond by the Oblig and j gment is recovered, the Surety shall pay all costs incurred <br />by the Obligee in such suit, including a reasonable a or y's fe to be fixed by the court. <br />Dated: 2 <br />Principal <br />Surety <br />By <br />Attorney-infact <br />CERTIFICATE OF ACKNOWLEDGEMENT <br />State of California <br />City/County of SS <br />On this ay of in the year 20 _ before me <br />PC <br />appeared , <br />Attorney -in -fact <br />personally own to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to <br />this instru it as the attomey-in-fact of , and acknowledged to me that he (she) subscribed the <br />name of Oie said company thereto as surety, and his (her) own name as attorney -in -fact. <br />LPP IS-01 <br />20E-45 <br />Notary Public <br />Page 15 of 22 <br />January 2019 <br />