Kirkwood Brick Paver Rehabilitation Project

The City of Bloomington, Indiana, is seeking bids for the Kirkwood Brick Paver Rehabilitation Project. The project involves the rehabilitation of brick pavers on Kirkwood Avenue. The bid bond form provided outlines the terms and conditions of the bid, including the penal sum, default of bidder, and payment terms. • The bid bond is in the form of a penal sum, which is the amount that the bidder and surety are liable to pay in case of default. • The default of the bidder occurs when the bidder fails to deliver the executed agreement and performance and payment bonds within the required time. • The bid bond will be null and void if the owner accepts the bidder's bid and the bidder delivers the required documents within the specified time. • The surety waives notice of any defenses based on time extensions to issue the notice of award. • The bid bond is intended to conform to all applicable statutory requirements.