1-014 Payment Bond.pdf
PDF 179 KB Posted
- Solicitation number
- 27001046
- Issued by
- Mason County, Texas
About this file
This is a Payment Bond form for the City of Midland, Texas, required as a condition of contract performance for the City of Midland Paving, Alleys, Streets & Sidewalks 06 & Downtown Alley-1 Paving Improvements & Bulb-out project. The bond secures the contractor's obligation to pay all claimants, including subcontractors and suppliers of labor and materials, in connection with the execution of the project work. The project encompasses two separate paving locations under COMPASS 06—one extending from Camp Street to Marienfeld Street and Industrial Avenue to Florida Avenue, and a second location from Lamesa Road to Madison Street and Orchard Lane to Davis Avenue—as well as Downtown Alley-1 paving improvements along the downtown alley corridor between Illinois Avenue and Texas Avenue, and bulb-out additions along Main Street.
The Payment Bond requires the principal contractor and surety to be jointly and severally bound to the City of Midland as obligee in a specified dollar amount. The surety waives notice of any changes, extensions of time, alterations, or additions to the contract terms, work scope, plans, specifications, or drawings, and acknowledges that no assignment of the contract shall affect its obligation under the bond. The bond must be executed by both the principal and surety with proper authorization documentation, including a Power of Attorney form, and requires approval as to form by the City Attorney. The bond document itself contains blank fields for completion, including the principal's name and address, surety information, bond amount, and contract execution date.
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Text version
PayB 1
PAYMENT BOND
THE STATE OF TEXAS §
COUNTY OF MIDLAND § SURETY NO
KNOW ALL MEN BY THESE PRESENTS, THAT
of the City of of the County of and State of Texas as Principal, and , as Surety, are held and firmly bound unto the City of Midland, Texas, as Obligee, in the amount of
DOLLARS
($ ) for the payment whereof the said Principal and Surety bind themselves, 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, equipment to perform all labor and work necessary for City of Midland Paving, Alleys, Streets & Sidewalks 06 & Downtown Alley-1 Paving
Improvements & Bulb-out , hereof as fully and to the same extent as if copied at length herein.
NOW, THEREFORE, the condition of the obligation is that if the said Principal shall pay all claimants supplying labor and material to him or a subcontractor in the prosecution of the work provided for in said contract, then this obligation shall be null and void; otherwise, it is to remain in full force and effect.
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 there under, or the plans, specifications of drawings accompanying the same, or any assignment of the contract as may be provided for in the instructions to bidders, PayB 2 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 to the work to be performed there under.
IN WITNESS WHEREOF the said Principal and Surety have signed and sealed 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 October 2026 payment bond
File details come from the government source that posted it. Updated .