1-696-IT-26-O017 Attach B Performance Bond.pdf
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- Solicitation number
- 696-IT-26-O017
- Issued by
- Texas
About this file
This Performance Bond document is associated with the Texas Department of Criminal Justice (TDCJ) contract for Broadband Connectivity Continuation and Expansion (BCCE) and Internet Protocol (IP) Video Surveillance Systems (VSS) services across Texas facilities. The performance bond serves as a financial guarantee that the selected contractor will fulfill all contractual obligations related to providing cabling services, video surveillance systems, labor, materials, installation, maintenance, and warranty services as specified in the contract terms.
The performance bond establishes the contractor's financial responsibility and protects the state of Texas by ensuring performance of contracted services. The bond amount and specific terms would be tied to the overall contract value for BCCE and VSS services. This instrument is a standard requirement for state construction and service contracts and must be maintained throughout the contract term to guarantee the contractor's adherence to all performance specifications, timelines, and service level requirements outlined in the primary contract agreement.
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Text version
696-IT-26-O017 Attachment B
TEXAS STATUTORY PERFORMANCE BOND
CHAPTER 2253 GOVERNMENT CODE AS AMENDED
(PUBLIC WORKS)
STATE OF TEXAS:
COUNTY OF :
LET IT BE KNOWN BY THIS INSTRUMENT:
That we, , as Principal and we, , a Corporation duly authorized to do business in this State, as Surety(s), are this date held and firmly bound unto the State of Texas in the amount of Dollars ($ ) for the payment of which indemnity the said Principal and Surety, by this declaration, do firmly bind themselves, their heirs, executors, administrators, successors and assigns, jointly and individually.
Since a Contract, which by reference is made a part hereof, exists between the Principal and the State of Texas, acting by and through the Texas Department of Criminal Justice, and dated for the conditions of this obligation are, therefore, such that it shall remain in full force and effect unless and until the Principal shall faithfully perform the Contract in accordance with the Contract Documents.
In the event of Principal's failure, as defined by the Contract Documents, to faithfully perform the Contract, Surety(s) will within fifteen (15) days of determination of default, assume full responsibility for completion of said Contract and become entitled to payment of the balance of the Contract amount, or the Surety shall make other arrangements satisfactory with the Texas Department of Criminal Justice for the completion of the defaulted work but in no event shall the Surety's liability exceed the penalty of this bond.
The liabilities, rights, limitations and remedies concerning this Bond shall be determined in accordance with the provisions of Chapter 2253 The Government Code, as amended and recodified, pursuant to which this Bond is executed.
IN WITNESS TO THIS DECLARATION, the said Principal and Surety(s) have signed and sealed this instrument this day of , 20 .
PRINCIPAL SURETY
By By
Bond Identification No.
Address of Attorney-in-fact
(Use of this form for the purposes indicated has been approved by the Attorney General of Texas)
File details come from the government source that posted it. Updated .