12-013 Performance Bond.pdf

81 KB Posted

Attached to
27000031 PD25-01 Ph 3 Sinclair Ave & P26-02 Westridge Loop 250 Decel Lane
Solicitation number
27000031
Issued by
Mason County, Texas

About this file

Written by GovTribe AI ·

This is a Performance Bond document issued by the City of Midland, Texas for a construction project involving Phase III of Sinclair Avenue and the Westridge Loop 250 Deceleration Lane project. The bond serves as a guarantee that the principal contractor will faithfully perform all work in accordance with the contract plans, specifications, and other contract documents. The project scope includes the furnishing of materials and equipment along with all necessary labor to complete the construction work, as well as maintenance guaranty provisions specified in the contract conditions. The bond is executed between the principal contractor, the surety company, and the City of Midland as the obligee, with the specific bond amount to be inserted upon execution.

The Performance Bond contains standard surety protections and conditions, including a stipulation that the surety waives notice of any changes, extensions of time, alterations, or additions to the contract terms or work specifications. The bond remains in full force and effect unless the principal successfully completes all work according to the contract documents. Venue for any legal action arising from the bond is established in Midland County, State of Texas. The document requires signatures from both the principal and surety, along with their respective addresses and approval as to form by the City Attorney. A Power of Attorney Form must be attached to the bond upon execution.

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19-016 General Conditions.pdf PDF
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10-010 Pay Notes.pdf PDF
7-009 Bid Items.pdf PDF
20-019 Special Provisions.pdf PDF
2-003 AMessageForOurVendors.pdf PDF
21-006 Notice To Bidders.pdf PDF
22-2026.09.21 Ph 3 Sinclair Ave Westridge Loop 250 Decel Ln Dwgs - (Sealed).pdf PDF
3-004 Bid Notice.pdf PDF
11-017 HB23 Notice.pdf PDF
4-021 CoM Specifications.pdf PDF
5-012 Contract.pdf PDF
16-015 Certificate of Payment.pdf PDF
9-020 CoM Specs Cover.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

Phase III Sinclair Avenue & Westridge Loop 250 Deceleration Lane , 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 September 2026

Performance bond

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