13-Doc 00 61 19 - MAINTENANCE BOND.pdf
PDF 133 KB Posted
- Attached to
- 2026 Bristol Borough CDBG Curb Ramp Program
- Solicitation number
- Not on record
- Issued by
- Bucks County, Brodheadsville CDP, Pennsylvania
About this file
This is a Maintenance Bond document for Bristol Borough, Pennsylvania in connection with the 2026 CDBG Design/Build Curb Ramp Project (Contract #26-00117). The maintenance bond is required to be furnished by the contractor and must equal 15 percent of the total agreement price. The bond indemnifies Bristol Borough against defects in materials or workmanship for a period of eighteen months following final completion and acceptance of work. During the maintenance period, the contractor is obligated to repair and remedy any defects in materials or workmanship at its own expense, or alternatively, reimburse the borough for all losses and damages sustained due to the contractor's failure to perform these obligations. The bond requires execution by both the contractor as principal and a surety company, with signatures from authorized representatives of each party and their respective corporate seals.
The document serves as a standard form maintenance bond within the context of a comprehensive curb ramp infrastructure project involving ADA/PennDOT compliant design and construction, sidewalk and curbing work, and sign relocation/installation throughout Bristol Borough. The bond is a federal requirement tied to the project's Community Development Block Grant funding and represents a financial guarantee mechanism to protect the municipality's interests beyond the initial construction completion. The specific dollar amount of the bond is to be inserted based on the final contract value, and any person other than the President or Vice President of the surety company executing the bond must provide current certification demonstrating authority to execute the instrument on behalf of the surety company.
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Text version
MAINTENANCE BOND
00 61 19-1
DOCUMENT 00 61 19
KNOW ALL MEN BY THESE PRESENTS, that We, hereinafter called the "Principal" and hereinafter called the "Surety" are held and firmly bound unto hereinafter called the “Obligee” in the sum of Dollars ($ ), the payment of which sum, well and truly to be made, we, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the said Principal has heretofore entered into an Agreement with said Obligee dated
________________________, 20___ for Contract #26-00117: Bristol Borough 2026 CDBG Design/Build
Curb Ramp Project, and;
WHEREAS, the said Agreement provides that the said Principal is required to furnish the said Obligee with a
Maintenance Bond for 15% of the Agreement price, indemnifying the said Obligee against defects in materials or workmanship for a period of eighteen (18) months after final completion and acceptance of the Work.
NOW, THEREFORE, the condition of this obligation is such, that if the said Principal shall faithfully carry out and perform the said guarantee, and shall, on due notice, repair and make good at its own expense any and all defects in materials or workmanship in the said work which may develop during the said maintenance period or shall pay over, make good and reimburse to the said Obligee all loss and damage which said Obligee may sustain by reason of failure or default of said Principal so to do, then this obligation shall be null and void;
otherwise shall remain in full force and effect.
00 61 19-2
Signed and sealed this___________ day of__________________, 20___.
CONTRACTOR AS PRINCIPAL SURETY
Company: Company:
Signature: Signature:
Name and Title: Name and Title:
(Corp. Seal) (Corp. Seal)
NOTE: This statement, if executed by any person other than the President or Vice President of the Surety
Company, must be accompanied by a current and effective certificate showing authority conferred upon the person so signing to execute such instruments on behalf of the Surety Company represented.
END OF DOCUMENT
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