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FORM OF BID BOND <br />KNOW ALL MEN BY THESE PRESENTS THAT <br />G. W. Liles Construction Company,Inc. as <br />principal, and Harco National Insurance Company , as surety, who is <br />duly licensed to act as surety in North Carolina, are held and firmly bound unto <br />Cabarrus County as obligee, <br />in the penal sum of Five Percent of Amount Bid <br />DOLLARS, lawful money of <br />the United States of America, for the payment of which, well and truly to be made, we bind <br />ourselves, our heirs, executors, administrators, successors and assigns, jointly and <br />severally, firmly by these presents. <br />5% <br />Signed, sealed and dated this 31st day of <br />October 2024 <br />WHEREAS, the said principal is herewith submitting proposal for <br />Cabarrus County Government Center Child Support Services Alterations <br />and the principal desires to file this bid bond in lieu of making the cash deposit as required <br />by G.S. 143-129. <br />NOW, THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION is such, that <br />if the principal shall be awarded the contract for which the bid is submitted and shall <br />execute the contract and give bond for the faithful performance thereof within ten days after <br />the award of same to the principal, then this obligation shall be null and void; but if the <br />principal fails to so execute such contract and give performance bond as required by G.S. <br />143-129, the surety shall, upon demand, forthwith pay to the obligee the amount set forth in <br />the first paragraph hereof. Provided further, that the bid may be withdrawil„as,provided by <br />G.S.143-129.1 Rucro <br />�S N <br />o <br />G. W. Liles Construction Company, Inc. _ o �P <br />SEAL <br />n ( ) ��, - m •zI- <br />- <br />' SEAL Z!= <br />By. -l�. /�° ?Or-7 (SEAL) _ �y 1989 <br />P <br />%�RTHCA� <br />Rd��;,• •, <br />VP - PAE Go►•1 s t4 V LT, O N% <br />(SEAL) <br />Harco National Insurance Company '(SEAL) ,•'�.A�'.�N�9oy'••, <br />B t (SEAL) ' , d '�tiMa <br />Wendy L Lahm, Attorney-i ` act <br />Surety Phone No. <br />FORM OF BID BOND <br />Page 257 <br />