Instructions for RUS Form 307

BID BOND

This form is used to obtain a bid bond.

 

The instructions for submitting this form (if required) are included in 7 CFR 1726, Electric System Construction Policies and Procedures.

 

Fld Name /
Item No.

Instruction

Paragraph 1

First Blank:  Enter name of the principal (i.e., contractor.)

Second Blank:  Enter the name of the surety.

Third Blank:  Enter name of RUS Borrower (Owner).

Fourth and Fifth Blanks:  Enter the dollar amount of the bond.

Paragraph 2

Enter Borrower’s (Owner’s) RUS designation (e.g., AL001.)

Signature Block

Enter the date and names and titles of the principal (contractor) and the surety.  (Sign printed copy.)