19-013 Performance Bond.pdf
PDF 182 KB Posted
- Solicitation number
- 27001046
- Issued by
- Mason County, Texas
About this file
This is a Performance Bond document issued by the City of Midland, Texas, a home rule municipal corporation in Midland County, establishing a surety agreement for the construction project titled "City of Midland Paving, Alleys, Streets & Sidewalks 06 & Downtown Alley-1 Paving Improvements & Bulb-out." The bond secures the principal contractor's obligation to furnish materials and equipment and perform all labor and work necessary for the project, which encompasses two separate paving and water utility locations within Midland: the first from Camp Street to Marienfeld Street and Industrial Avenue to Florida Avenue, and the second from Lamesa Road to Madison Street and Orchard Lane to Davis Avenue. The scope also includes paving improvements along the Downtown Alley between Illinois Avenue and Texas Avenue, as well as bulb-out additions along Main Street. The bond incorporates all contract conditions, plans, specifications, instructions to bidders, general and special conditions, and any addenda, with the principal required to include maintenance guaranty provisions as specified in the contract conditions.
The performance bond amount is to be completed at execution, with the principal and surety jointly and severally liable for faithful performance of the work. The bond remains in full force and effect unless the principal successfully completes all work in accordance with the contract documents. The surety waives notice of any changes, extensions of time, alterations, or additions to the contract terms, work scope, or assignments. Venue for any legal action is established in Midland County, State of Texas. The document requires execution by both the principal and surety with their respective addresses, and approval as to form by the City Attorney. A Power of Attorney Form must be attached to the completed bond.
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Text version
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
City of Midland Paving, Alleys, Streets & Sidewalks 06 & Downtown Alley-1 Paving
Improvements & Bulb-out , 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 October 2026
Performance bond
File details come from the government source that posted it. Updated .