06_-_Performance_Bond.pdf

Patching, Resurfacing and Line Striping on Selected Roads 2025-2026

Performance Bond - Page 1 of 4

PERFORMANCE BOND

KNOW ALL MEN BY THESE PRESENTS that we, ____________________________________

__________________________________________________________________________, as

Principal

(the "Principal"), and , a corporation organized and existing under laws of the of

, as Surety (the "Surety"), are held and firmly bound unto Greenwood County, as

Obligee (the Obligee"), as hereinafter set forth, in the full and just sum of

________________Dollars ($ ), lawful money of the United States of America, for the payment of which the sum we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

WITNESSETH THAT:

WHEREAS, the Principal heretofore has submitted to the Obligee a certain Bid, dated

______________, 2026 (the "Bid"), to perform certain work for the Obligee in connection with Patching, Resurfacing and Line Striping on Selected Roads, APRIL 2026, pursuant to specifications and other related documents constituting the Contract Documents, which are incorporated into the Bid by reference

(the "Contract Documents"), as prepared by the City/County Engineering Department, Greenwood County, Greenwood, South Carolina; and

WHEREAS, before an award shall be made to the Principal by the Obligee in accordance with the

Bid, the Principal shall furnish this Bond to the Obligee, with this Bond to become binding upon the award of a Contract to the Principal by the Obligee in accordance with the Bid; and

WHEREAS, it also is a condition of the Contract Documents that this Bond shall be furnished by the Principal to the Obligee; and

WHEREAS, under the Contract Documents, it is provided, inter alia, that if the Principal shall furnish this Bond to the Obligee, and if the Obligee shall make an award to the Principal in accordance with the

Bid, then the Principal and the Obligee shall enter an agreement with respect to performance of such work

(the "Agreement"), the form of which Agreement is set forth in the Contract Documents.

NOW THEREFORE, the terms and conditions of this Bond are and shall be that if: (a) the Principal

Performance Bond - Page 2 of 4 well, truly and faithfully shall comply with and shall perform the Agreement in accordance with the Contract

Documents, at the time and in the manner provided in the Agreement and in the Contract Documents, and if the Principal shall satisfy all claims and demands incurred in or related to the performance of the

Agreement by the Principal or growing out of the performance of the Agreement by the Principal, and if the

Principal shall indemnify completely and shall save harmless the Obligee and all of its officers, agents, and employees from any and all costs and damages which the Obligee and all of its officers, agents, and employees may sustain or suffer by reason of the failure of the Principal to do so, and if the Principal shall reimburse completely and shall pay to the Obligee any and all costs and expenses which the Obligee and all of its officers, agents and employees may incur by reason of any such default or failure of the Principal;

and (b) if the Principal shall remedy, without cost to the Obligee, all defects which may develop during the warranty period from the date of acceptance by the Obligee of the equipment delivered under the

Agreement in accordance with the Contract Documents, which defects, in the sole judgment of the Obligee or its legal successors in interest, shall be caused by or shall result in defective or inferior materials or workmanship, then this Bond shall be void; otherwise, this Bond shall be and shall remain in force and effect.

The Principal and the Surety agree that any alterations, changes and/or additions to the Contract

Documents, and/or any alterations, changes and/or additions to the work to be performed under the

Agreement in accordance with the Contract Documents, and/or any alterations, changes and/or additions to the Agreement, and/or any giving by the Obligee of any extensions of time for the performance of the

Agreement in accordance with the Contract Documents, and/or any act of forbearance of either the Principal or the Obligee toward the other with respect to the Contract Documents and the Agreement, and/or the reduction of any percentage to be retained by the Obligee as permitted by the Contract Documents and by the Agreement, shall not release, in any manner whatsoever, the Principal and the Surety, or either of them, or their heirs, executors, administrators, successors and assigns, from liability and obligations under this

Bond; and the Surety, for value received, does waive notice of any such alterations, changes, additions, extensions of time, acts of forbearance and/or reduction of retained percentage.

Performance Bond - Page 3 of 4

IN WITNESS WHEREOF, the Principal and the Surety cause this Bond to be signed, sealed, and delivered this day of , 2026.

(INDIVIDUAL PRINCIPAL)

(SEAL)

Signature of Individual

Witness: Trading & Doing Business As:

(PARTNERSHIP PRINCIPAL)

Name of Partnership

Witness:

By: (SEAL)

Partner

By: (SEAL)

Partner

By: (SEAL)

Partner

By: (SEAL)

Partner

Performance Bond - Page 4 of 4

(CORPORATION PRINCIPAL)

Name of Corporation

By:

(Vice) President

Attest:

(Assistant) Secretary

(Corporate Seal)

(CORPORATION SURETY)

Name of Corporation

Witness:

**By:

Attorney-in-Fact

**Attach an appropriate power of attorney, dated as of the same date as the Bond, evidencing the authority of the Attorney-in-Fact to act in behalf of the corporation.

END OF SECTION