20-013 Performance Bond.pdf

81 KB Posted

Attached to
27000017 PDU23-02 Golf Course Dr. & Midkiff Rd. At Andrews Hwy. Util Imp
Solicitation number
27000017
Issued by
Mason County, Texas

About this file

Written by GovTribe AI ·

This is a Performance Bond document for a utility improvement project in Texas involving Golf Course Drive and Midkiff Road at Andrews Highway. The document establishes the bonding requirements for contractors bidding on or awarded the project identified as PDU23-02. The performance bond serves as a guarantee that the selected contractor will complete all required work in accordance with the contract specifications and project requirements. The bond ensures that materials will be furnished and labor will be provided for the utility improvements and associated miscellaneous work as outlined in the project scope.

The performance bond document specifies the financial guarantees and conditions required to protect the project owner against contractor default or failure to perform. The bond amount and specific terms would be determined based on the total contract value and the bid submitted by the awarded contractor. This bonding requirement is a standard protective mechanism for public works projects and ensures that the contractor has the financial backing necessary to complete the utility improvements on schedule and within specifications. The bond remains in effect throughout the duration of the contract performance until all project work is satisfactorily completed and accepted by the contracting authority.

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9-011 Bid Bond.pdf PDF
5-008 Proposal.pdf PDF
11-015 Certificate of Payment.pdf PDF
13-020 CoM Specs Cover.pdf PDF
21-022 -2026.09.11 PDU23-02 Andrews Hwy Util Imp Dwgs - (Sealed).pdf PDF
22-001 Cover Page (Sealed).pdf PDF
2-007 08 Pref Afft.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

Golf Course Dr. & Midkiff Rd. At Andrews Hwy. Utility Improvements , 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 .