C-65.1, r. 5 - Regulation respecting construction contracts of public bodies

Schedule Disposition versions

2012-09-01

SCHEDULE 1

(s. 12)

TENDER BOND

Construction Work

(1) __________(name of the SURETY)_________having its principal establishment at __________(address of the SURETY)__________ herein represented by __________(name and title)__________ duly authorized, hereinafter called the SURETY, having taken cognizance of the tender to be submitted on the _____ day of ____________________ 20____ to __________(name of the PUBLIC BODY)__________ hereinafter called the PUBLIC BODY, by __________(name of the CONTRACTOR)__________ having its principal establishment at __________(address of the CONTRACTOR)__________ herein represented by __________(name and title)__________ duly authorized, hereinafter called the CONTRACTOR, in respect of __________(description of the work and location)__________ stands surety for the CONTRACTOR, to the benefit of the PUBLIC BODY, on the following conditions:

If the CONTRACTOR fails to sign a contract in conformity with the tender submitted or fails to provide the guarantees or any other document required following the date of acceptance of the tender, the SURETY binds itself to pay to the PUBLIC BODY a sum of money corresponding to the difference between the tendered price that had been accepted and the tendered price subsequently accepted by the PUBLIC BODY, it being provided that the SURETY is not required to pay more than, as specified in the tender documents:

—  _____ percent of the tendered price (_____ %),

or

— the lump sum determined by the PUBLIC BODY

dollars

($ ).

(2) The CONTRACTOR whose tender is accepted must be notified in writing of such acceptance before the expiry of the tender validity period or any other time period agreed on by the PUBLIC BODY and the CONTRACTOR; failing that, this obligation is null and void.

(3) This bond is governed by the law applicable in Québec and, should it be contested, the courts of Québec have sole jurisdiction.

(4) The SURETY waives the benefit of discussion and division.

(5) The CONTRACTOR intervenes in these presents to consent thereto; should the CONTRACTOR fail to do so, this obligation is null and void.

IN WITNESS WHEREOF, the SURETY and the CONTRACTOR, by their duly authorized representatives, have signed these presents in

__________________________________________ , this________ day of ___________________ 20 _________

The SURETY

___________________________________________ ___________________________________________

(witness) (signature)

___________________________________________

(name of signatory in block letters)

___________________________________________

(title of signatory in block letters)

The CONTRACTOR

___________________________________________ ___________________________________________

(witness) (signature)

___________________________________________

(name of signatory in block letters)

___________________________________________

(title of signatory in block letters)

GQ-01

O.C. 532-2008, Sch. 1.