10-12.3. Bond - Performance.pdf
PDF 9 KB Posted
- Attached to
- Park Restroom Demolition and Site Restoration
- Solicitation number
- ITB 252-26 MRH
- Issued by
- Upton County, Texas
About this file
This is a Performance Bond template issued by the City of Amarillo, Texas, for use in connection with the Park Restroom Demolition and Site Restoration project. The bond serves as a financial guarantee that the principal contractor will faithfully perform the work in accordance with the plans, specifications, and contract documents. The bond is executed pursuant to Chapter 2253 of the Texas Government Code and establishes a binding obligation between the principal, surety, and the City of Amarillo as obligee. The bond amount, principal contractor identity, surety corporation details, contract date, and specific work description are to be completed upon execution. The document includes standard attestation provisions requiring signatures and seals from authorized representatives of both the principal and surety, with a specific note that the bond should not be dated.
The Performance Bond template establishes joint and several liability between the principal and surety for the faithful completion of contracted work. If the principal successfully performs all work according to contract specifications, the bond obligation becomes void; otherwise, it remains in full force and effect. All liabilities under the bond are governed by the provisions of the Texas Government Code Chapter 2253, ensuring compliance with state bonding requirements. The template provides space for completion of critical contract information including bond amount, contract date, work description, and execution date, allowing it to serve as a standardized bonding instrument for the demolition project.
View the file
Other files
Show all 17
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
PERFORMANCE BOND
THE STATE OF TEXAS
COUNTY OF
KNOW ALL MEN BY THESE PRESENTS, that we ______________________________________ a.
_____________________ of ____________________________ hereinafter called Principal, and __________
_______________________ , a corporation organized under the laws of __________ hereinafter called Surety, are held and firmly bound unto the City of Amarillo, a municipal corporation, chartered by virtue of the constitution and laws of the State of Texas, hereinafter called 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 _______ of_
_____________ , ____ , to ____________________ which contract is hereby referred to and made a part hereof as fully and to the same extent as if copied at length herein.
NOW, THEREFORE, THE CONDITION OFTHIS OBLIGATION IS SUCH, that if the said Principal shall faithfully perform the work in accordance with the plans, specifications, and the contract documents, then, this obligation shall be void; otherwise to remain in full force and effect.
PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of Chapter 2253 of the Texas
Government Code as amended and all liabilities on this bond shall be determined in accordance with the provisions of said chapter to the same extent as if it were copied at length herein.
IN WITNESS WHEREOF ______________________ , Principal has caused these presents to be executed by its authorized attorney in fact and the said ______________________ , Surety, has caused these presents to be executed by its __________ , this __ day of __________ , A.D., _____ .
ATTEST
PRINCIPAL
By
(Principal Seal) Address
ATTEST
SURETY
By
(Surety Seal) Address
NOTE: DO NOT DATE THE BOND
File details come from the government source that posted it. Updated .