13-014 Payment Bond.pdf
PDF 79 KB Posted
- Solicitation number
- 27000211
- Issued by
- Mason County, Texas
About this file
This is a Payment Bond document executed by the City of Midland, Texas for the East Golf Course Road at Midland Draw project. The bond secures the Principal's obligation to pay all claimants, laborers, and material suppliers involved in the project execution. The project encompasses replacing an existing low water crossing on Golf Course Road at Midland Draw with a cul-de-sac on Golf Course Road immediately west of the channel, removing the existing low water crossing, and extending Scharbauer Draw from Fairgrounds Road southeast along the north side of Midland Draw to connect to the end of Golf Course Road immediately east of the channel. The payment bond was revised as of September 2026 and requires approval as to form by the City Attorney prior to execution.
The payment bond is structured as a joint and several obligation between the Principal and Surety, binding both parties to the City of Midland as Obligee. The Surety waives notice of any changes, extensions of time, alterations, or additions to the contract terms, work specifications, plans, drawings, or assignments that may occur during project performance. The bond amount and specific contract execution date are to be completed upon finalization of the contract award. The document requires signature and seal execution by both the Principal and Surety, with the Surety providing a Power of Attorney Form as an attachment to authenticate its binding authority.
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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 East Golf Course Road At Midland Draw , 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, shall in anywise affect its obligation on this Bond, and it does waive notice of any such change, extension of
PayB 2 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 September 2026 payment bond
File details come from the government source that posted it. Updated .