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X 550 (2010-03) TENDER NO: _________ CONSENT OF SURETY COMPANY TO FURNISH CONTRACT PERFORMANCE AND LABOUR AND MATERIAL PAYMENT BOND (To be submitted with Tender for Project on which tenders have been called by The City of Calgary) Should it be required, the Surety Company executing this Consent agrees hereby if the Tender is awarded within sixty (60) days after the date on which Tenders for the Contract are closed to become bound as Surety in both a Contract Performance Bond and a Labour and Material Payment Bond, each to be in the form containing the provisions and executed as required by the Contract Documents for fifty percent (50%) of the total Contract consideration not exceeding the amount of __________________________________________________ Dollars ($ ) for the fulfilment of the Contract for the work covered by the Contract Documents and for the payment BY THE Contractor for all amounts owing by the Contractor in connection with a Contract which may be awarded to: at the prices set forth in the attached Tender. The Surety Company satisfactory to the City Solicitor and allowed by the laws of the Province of Alberta to issue Contract Performance and Labour and Material Bonds in Alberta is worth, over and above its present liabilities, the amount of the two Bonds required by the Contract Documents to be provided by the Contractor. ___________________________ (NAME OF COMPANY) PER: ___________________________ PER: ____________________________ (Note: Unless the Surety Company issuing this Consent executes the same under its corporate seal, The City may refuse to consider the Tender to which it refers. The form of these Bonds included in the Contract Documents must be used unless the Surety Company has one in a similar form containing the same conditions and not limited in any way. The Surety Company issuing this Consent of Surety must have an office in the Province of Alberta or be represented by an Agent with an office in the Province of Alberta. ISC: Confidential March 2010 v1.0 Page 1 of 1