Joint Bid Agreement

December 13, 2017 | Author: RocketLawyer | Category: General Contractor, Bonds (Finance), Business Law, Civil Law (Legal System), Government Information
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Short Description

Joint Bid Agreement is an agreement between two or more contractors wherein they jointly bid as General Contractors for ...

Description

Joint Bid Agreement This Agreement is made on May 08, 2012 by RL Construction Company of 440 Montgomery St., San Francisco, California 94103 and Aaron Construction Company of 123 Main St., Mill Valley, California 94941 hereby agreeing to prepare and submit to Eazy Electronics, Inc, 35 Palm Circle Dr., Corte Madera, California 95422 a joint bid to perform, as General Contractors, the contract for construction of Eazy Electronics Employee Gymnasium Project as described in the Invitation for Bids dated March 20, 2012. This agreement is subject to the following terms and conditions: 1. A joint bid will not be submitted by the General Contractors unless: a. The amount and terms of the bid are agreed on by General Contractors. b. The Bid Bond required to be submitted with the bid has been obtained by General Contractors. c. General Contractors have obtained binding commitments to issue to General Contractors all other bonds required to be posted under the contract. 2. Each of the General Contractors will jointly and severally execute the Bid Bond and any indemnity agreement required to obtain the bond. 3. If the contract is awarded to General Contractors, the General Contractors will: a. Execute a Joint Venture Agreement for the construction of the project. b. Each jointly and severally execute the contract, all bonds required by the contract,and all indemnity agreements required for the issuance of the bonds. 4. All costs incurred by either of General Contractors in preparing the bid will be borne by the party incurring the cost. 5. All negotiations with Owner or Owner's Architect occurring after our joint bid have been submitted will be conducted by General Contractors jointly. 6. Either General Contractor without liability to the other may withdraw from this Agreement at any time before a joint bid is actually submitted by General Contractors pursuant to this Agreement. 7. Should either General Contractor withdraw from this Agreement prior to the time a joint bid is submitted by General Contractor, the other party to this Agreement may, without liability to the withdrawing party, submit a bid for the contract either alone or jointly with another person or firm. This Joint Bid Agreement is executed and agreed to by the following:

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© This is a RocketLawyer.com Legal Document ©

RL Construction Company By Rob Mackabee, its Vice President

__________________________________________ Aaron Construction Company By Hank Aaron, its President

Date

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© This is a RocketLawyer.com Legal Document ©

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