10-11_CEEC-MOD_RFP_Attachment F_PerformanceBond-PaymentBond (1).pdf
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- Attached to
- CEEC Modular Building Procurement
- Solicitation number
- AMH-2027-1128
- Issued by
- Massachusetts
About this file
This file contains Performance Bond and Payment Bond attachment templates for the University of Massachusetts Amherst's CEEC Modular Building Procurement project. The bonds are required contractual instruments for construction of a new facility to serve as the home of the Center of Early Education and Care (CEEC) at the university. The Performance Bond obligates the principal contractor and surety to ensure full performance of all contract undertakings, covenants, and conditions, including any authorized modifications, extensions, or alterations. Should the contractor abandon the project or have the contract terminated by the University of Massachusetts Amherst, the surety is required to take necessary action to complete the contract upon written request. The Payment Bond similarly obligates the principal and surety to ensure payment for all labor, materials, and services used in performing the contract, subject to the provisions of Massachusetts General Laws Chapter 30, section 39A, and Chapter 149, section 29, as amended.
Both bond documents are formatted as blank templates with spaces for execution by the general contractor and surety, including signature lines, seals, and identification of the Massachusetts resident agent. The specific bond amounts, contract dates, and project details are to be completed upon execution. These bonds serve as financial guarantees protecting the University of Massachusetts Amherst against contractor default and non-payment of workers and suppliers, ensuring project completion and satisfaction of all financial obligations incurred during construction.
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Text version
ATTACHMENT F
PERFORMANCE BOND
Know all men by these presents, that as principal, and as surety, are held and firmly bound unto the University of Massachusetts Amherst in the sum of in lawful money of the United States of America, to be paid to the University of Massachusetts Amherst, for which payments, well and truly to be made, we bind ourselves, our respective heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
Whereas, the said principal has made a Contract with the University of Massachusetts Amherst ("Awarding Authority") bearing date of , 20 , for construction of
UMA Number
Project Name
Now the condition of this obligation is such that if the principal shall well and truly keep and perform all the undertakings, covenants, agreements, terms and conditions of said Contract and any extensions thereof that may be granted by the University of Massachusetts Amherst, with or without notice to the surety, and during the life of any guarantee required under the Contract, and shall also well and truly keep and perform all the undertakings, covenants, agreements, terms and conditions of any and all duly authorized modifications, alterations, changes or additions to said Contract that may hereafter be made, notice to the surety of such modifications, alterations, changes or additions being hereby waived, then this obligation shall become null and void; otherwise it shall remain in full force and virtue.
In the event that the Contract is abandoned by the Contractor, or is terminated by the University of Massachusetts Amherst under the provisions of said Contract, said surety shall, if requested in writing by the University of Massachusetts Amherst, take such action is necessary to complete the Contract.
In witness whereof we hereunto set our hand and seals this day of
, 20 .
(Seal) (Seal)
(Print Name of General Contractor) (Print Name of Surety)
By
(Signature - Title) (Signature - Title)
Surety Address
Countersigned Mass. Resident Agent By:
Agent's Address:
Telephone Number:
ATTACHMENT F
PAYMENT BOND
Know all men by these presents, that as principal, and as surety, are held and firmly bound unto the University of Massachusetts Amherst in the sum of in lawful money of the United States of America, to be paid to the University of Massachusetts Amherst, for which payments, well and truly to be made, we bind ourselves, our respective heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
Whereas, the said principal has made a Contract with the University of Massachusetts Amherst
{"Awarding Authority")
Bearing date of , 20 , for construction of
UMA Number
Project Name
Now the condition of this obligation is such that if the principal shall pay for all labor performed or furnished and for all materials used or employed in said Contract and in any and all duly authorized modifications, alterations, extensions of time, changes or additions to said Contract that may hereafter be made, notice to the surety of such the foregoing to include any other purpose or items set out in, and to be subject to, provisions of Massachusetts General Laws Chapter 30, section 39A, and Chapter 149 section29, as amended , then this obligation shall become null and void; otherwise it shall remain in full force and virtue.
In witness whereof we hereunto set our hand and seals this day of
, 20 .
{Seal) {Seal)
{Print Name of General Contractor) {Print Name of Surety)
By
{Signature - Title) {Signature - Title)
Surety Address
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