01212_-_Performance_Bond.docx
DOCX document 30 KB Posted
- Attached to
- Railroad Boring Services Briarwood Road State and local contract opportunity
- Solicitation number
- 2026-RFB-008
- Issued by
- Hampton County, South Carolina
About this file
This is a Performance Bond form document associated with Railroad Boring Services solicitation by the Greenwood Metropolitan District in South Carolina. The bond serves as a guarantee that the selected contractor will faithfully perform all duties, undertakings, covenants, terms, conditions, and agreements outlined in the construction contract. The bond remains in effect during the original contract term, any extensions granted by the owner, and throughout a one-year guaranty period following completion. Sealed responses for the Railroad Boring Services project on Briarwood Road must be submitted through the District's eProcurement Portal at https://procurement.opengov.com/portal/gmdsc no later than 4:00 pm on Tuesday, October 27, 2026, with late submissions not accepted.
The Performance Bond requires the contractor (principal) and a surety company to be jointly and severally bound to the Greenwood Metropolitan District (owner) in a penal sum to be determined based on the contract value. The surety company must appear on the United States Treasury Department's most current list (Circular 570 as amended) and be authorized to conduct business in South Carolina. The bond agreement specifies that the surety waives notice of any changes, extensions, alterations, or additions to the contract terms, work scope, or specifications, and it remains binding regardless of final settlement between the owner and contractor. The bond must be executed in four counterparts and dated no earlier than the contract execution date, with all partners required to execute the bond if the contractor is a partnership.
View the file
Other files for this state and local contract opportunity
| File | Type | Posted |
|---|---|---|
| Railroad_Boring_Services_Briarwood_Road.pdf | ||
| Payment_Bond.docx | DOCX document | |
| 2024_Design_Manual_w-Appendices.pdf | ||
| Bid_Bond.docx | DOCX document | |
| For_Information_Only_-_SAMPLE_of_Special_Provisions_Forms.docx | DOCX document | |
| CSX1061258_-Greenwood_Metropolitan_District_Agreement_-_signed_by_GMD.pdf | ||
| Proposed_Standard_Form_of_Agreement.doc | DOC document | |
| Certificate_of_Owner's_Attorney.docx | DOCX document | |
| Old_Briarwood_Rd_CSX_Agreement_-_April_1995.pdf | ||
| Briarwood_Road_Original_DWG.pdf | ||
| Woodlawn_FM_Plans_(Bid_Set).pdf | ||
| Bid_Forms_(For_Physical_Submittals).pdf | ||
| Sample_Term_Agreement.docx | DOCX document |
Show all 13
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Text version
SECTION 01212
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS: that
(Name of Contractor)
(Address of Contractor) a _____________________________________________________, hereinafter called Principal and (Corporation, Partnership or Individual)
(Name of Surety)
(Address of Surety) hereinafter called Surety are held and firmly bound unto the
(Name of Owner)
(Address of Owner) hereinafter called OWNER, in the penal sum of
_______________________________________Dollars, ($_____________________________) in lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, successors, and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION is such that whereas the Principal entered into a certain contract with the OWNER, dated the ______________ day of ___________________, 20___, a copy of which is hereto attached and made a part thereof for the construction of:
NOW, THEREFORE, if the Principal shall well, truly and faithfully perform its duties, all the undertakings, covenants, terms, conditions, and agreements of said contract during the original term thereof, and any extensions thereof which may be granted by the OWNER, with or without notice to the Surety and during the one-year guaranty period, and if he shall satisfy all claims and demands incurred under such contract, and shall fully indemnify and save harmless the OWNER from all costs and damages which it may suffer by reason of failure to do so, and shall reimburse and repay the OWNER all outlay and expense which the OWNER may incur in making good any default, then this obligation shall be void; otherwise to remain in full force and effect.
PROVIDED, FURTHER, that the said Surety for value received hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract or to the WORK to be performed thereunder or the SPECIFICATIONS accompanying the same shall in any wise affect its obligation on this BOND, and it does hereby waive notice of any such change, extension of time, alteration, or addition to the terms of the contract of to the WORK or to the SPECIFICATIONS.
PROVIDED, FURTHER, that no final settlement between the OWNER and the CONTRACTOR shall abridge the right of any beneficiary hereunder whose claim may be unsatisfied.
IN WITNESS WHEREOF, this instrument is executed in four (4) counterparts, each one of which shall be deemed an original, this the _____________ day of _________________________, 20___.
| CONTRACTOR AS PRINCIPAL |
| SURETY |
| (Seal) |
(Seal)
Contractor's Name and Corporate Seal
Surety’s Name and Corporate Seal
| By: |
| By: |
Signature
Signature (Attach Power of Attorney)
Print Name
Print Name
Title
Title
| Attest: |
| Attest: |
Signature
Signature
Title
Title
NOTE: Date of BOND must not be prior to date of Contract. If CONTRACTOR is Partnership, all partners should execute BOND.
IMPORTANT: Surety companies executing BONDS must appear on the Treasury Department's most current list (Circular 570 as amended) and be authorized to transact business in the State where the PROJECT is located.
(End of Section 01212) 01212-1
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