1-013 Performance Bond.pdf

181 KB Posted

Attached to
26006121 D23-01 Jal Draw Excavation
Solicitation number
26006121
Issued by
Mason County, Texas

About this file

Written by GovTribe AI ·

This is a Performance Bond document related to the City of Midland, Texas for the Jal Draw Excavation drainage project. The bond covers the contractor's obligation to perform all labor, materials, and equipment necessary for the construction project, which includes improvements to Jal Draw generally located from Barton Creek to SH 158, with an additive alternate for a shared use trail. The principal and surety are jointly and severally bound to the City of Midland (the Obligee) to ensure faithful performance of the work in accordance with the plans, specifications, instructions to bidders, general and special conditions, and other contract documents, including any addenda thereto. The bond remains in full force and effect unless the principal successfully completes the work as specified.

The specific bond amount is not filled in on this template document. The surety waives notice of any changes, extensions of time, alterations, or additions to the contract terms, work specifications, plans, or drawings, and acknowledges that such modifications will not affect its obligation on the bond. Venue for any legal action regarding the bond is established in Midland County, State of Texas. This bond document requires signatures from both the principal and surety, with approval as to form from the City Attorney, and must include an attached Power of Attorney Form.

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24-009 Bid Items Pvng.pdf PDF
16-003 AMessageForOurVendors.pdf PDF
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18-022 2026.04.16 D23-01 Jal Draw Excavation Dwg - (Approved).pdf PDF
10-021 CoM Specifications.pdf PDF
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22-024 2026.08.31 D23-01 Jal Draw Excavation Addendum 02 Combined.pdf PDF
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PerfB 1

PERFORMANCE BOND

THE STATE OF TEXAS §

COUNTY OF MIDLAND § SURETY NO

KNOW ALL MEN BY THESE PRESENTS, THAT (Hereinafter called the Principal[s]), as Principal(s), and (Hereinafter called the Surety), as Surety, are held and firmly bound unto the City of Midland, Texas a home rule municipal corporation of Midland County, Texas, (hereinafter called the Obligee), in the amount of

DOLLARS

($ ) for the payment whereof the said Principal and surety bind themselves, and their heirs, administrators, executors, successors and assigns, jointly and severally, firmly by these presents.

WHEREAS, the Principal has entered into a certain written contract with the Obligee, dated the day of , 20 , for the furnishing of materials and equipment to perform all labor and work necessary for the construction of

Jal Draw Excavation , specifically including in the scope of this work and bond, the additional maintenance guaranty provisions set forth in the contract conditions, which contract is hereby referred to and made a part hereof as fully and to the same extent as if copies at length herein, as well as the Principal’s primary obligation to perform according to plans and specifications.

NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall faithfully perform the work in accordance with the plans, specifications, instructions to bidder, general and special conditions and other contract documents, including any addendum thereto, then this obligation shall be void; otherwise to remain in full force and effect.

PerfB 2

PROVIDED further that if any legal action be filed upon this Bond venue shall lie in Midland County, State of Texas.

Surety, for value received, stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract, or to the work performed thereunder, or the plans, specifications or drawings accompanying the same, or any assignment of the contract as may be provided for in the instructions to bidders, shall in anywise affect its obligation on this Bond, and it does waive notice of any such change, extension of time, alteration or addition to the terms of the contract, assignment thereof, or the work to be performed thereunder.

IN WITNESS WHEREOF, the said Principal and surety do sign and seal this instrument, this day of , 20 .

Principal Surety

By By

Address Address

APPROVED AS TO FORM:

City Attorney

NOTE: Attach Power of Attorney

Form Revised August 2026

File details come from the government source that posted it. Updated .