(3)_Payment_Bond_Blank_(1).pdf
PDF 612 KB Posted
- Attached to
- Hazardous Waste Removal Services
- Solicitation number
- HAZ2604A
- Issued by
- Los Angeles County, San Francisco City, California
About this file
This is a Payment Bond blank form utilized by the William S. Hart Union High School District in Los Angeles County, California for public works construction projects. The bond serves as a labor and materials payment guarantee required by the District's construction contracts and California Civil Code Section 9550 et seq. The payment bond ensures that the principal contractor fulfills all payment obligations to laborers, material suppliers, and other claimants authorized under California Civil Code Section 9100. The penal sum of the bond must equal one hundred percent of the total contract amount payable by the District to the principal contractor. The bond protects all persons entitled to assert claims against the payment bond, including workers and suppliers, and provides for attorney's fees in cases where legal action becomes necessary to enforce the bond.
The surety issuing this bond must be an admitted surety insurer in accordance with California Code of Civil Procedure Section 995.120 and must provide detailed contact information for both its Southern California/local representative and its representative designated for filing claims. The bond conditions require the surety to pay all valid claims for unpaid wages, unemployment insurance contributions, and employment development department withholdings up to the penal sum amount. The surety waives exoneration rights regardless of contract modifications, extensions, rescissions, or breaches by other parties, and agrees that the bond shall be construed most strongly in favor of claimants. Both the principal contractor and surety must execute the bond with notarized signatures and corporate seals, with the surety required to attach a power of attorney document.
View the file
Other files
Show 40 more
50 files listed here. See the rest on GovTribe.
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
Page ‐1‐ BAW&G/JWF/179179 Payment Bond
PAYMENT BOND
Project Name:
Project/Bid Package Number(s):
Contractor:
Contract:
WHEREAS, the Governing Board of the William S. Hart Union High School District in Los Angeles County, California (“District”) awarded a contract to the undersigned contractor (“Principal”) for completion of the following public‐works construction project ("Project"): ____________________________________ _________________________________________________________________________________; and
WHEREAS, the Principal's contract with the District for construction of the Project ("Contract") and/or California Civil Code Section 9550 et seq. require that the Principal furnish a labor and materials payment bond to the District that ensures the faithful performance of the Principal’s obligations pursuant to the Contract, which bond must have a penal sum equal to one hundred percent of the total amount payable by the District to the Principal pursuant to the Contract; and
WHEREAS, the undersigned surety ("Surety") is an “admitted surety insurer” in accordance with Section
995.120 of the California Code of Civil Procedure, and the Principal has caused the Surety to issue this Payment Bond for purposes of satisfying the aforementioned requirements of the Contract.
NOW, THEREFORE, we, the Principal and Surety, are held and firmly bound to the District in the penal sum of ___________________________________________ Dollars ($ _________________ ) lawful money of the United States of America, the payment of which well and truly to be made, we hereby bind, jointly and severally, ourselves and our heirs, executors, administrators and successors.
THE CONDITION OF THIS OBLIGATION is that, if the Principal, or any of its heirs, executors, administrators, successors or assigns, or any of its subcontractors, fail in connection with the Project to pay as and when required (1) any of the persons authorized by California Civil Code Section 9100 to assert a claim against the Payment Bond, (2) amounts due under the Unemployment Insurance Code with respect to work or labor performed pursuant to the Contract, or (3) any amounts required to be deducted, withheld, and paid over to the Employment Development Department from wages of employees of the Principal or any of its subcontractors pursuant to Section 13020 of the Unemployment Insurance Code with respect to such work and labor, then the Surety shall pay, in full, any and all claims for such amounts, in a total amount not in excess of the penal sum set forth herein, and also, in case suit is brought upon this Payment Bond, such reasonable attorney's fees as fixed by the court.
This Payment Bond shall inure to the benefit of any and all of the persons named in California Civil Code Section 9100, so as to give a right of action to those persons or their assigns in any suit brought upon this Payment Bond.
The Surety hereby stipulates and agrees that this Payment Bond shall not be exonerated and the Surety shall not be released from its obligations pursuant to this Payment Bond on account of: (1) any extension of time, change, amendment or other modification of the Contract or other Project documents, or of the Principal’s rights and/or obligations pursuant thereto, and Surety hereby waives
Page ‐2‐ notice of any and all such modifications; (2) any rescission or attempted rescission of the Contract or this Payment Bond; (3) any fraud of any person or entity other than fraud of a claimant in making a claim on this Payment Bond; or (4) any breach of any contract by the District, the Principal or any person or entity for whose benefit Surety has issued this Payment Bond. The Surety further stipulates and agrees that this Payment Bond shall be construed most strongly against the Surety and in favor of the persons and entities for whose benefit Surety has issued this Payment Bond.
The Surety shall not be deemed to have fully and appropriately executed this Payment Bond unless Surety has provided all of the following information:
SURETY’S SOUTHERN CALIFORNIA/LOCAL
REPRESENTATIVE
Company Name
Street Address
City, State, Zip Code
Representative Name
Representative Telephone Number
SURETY’S REPRESENTATIVE FOR FILING CLAIMS
Company Name
Street Address
City, State, Zip Code
Representative Name
Representative Telephone Number
(The remainder of this page intentionally left blank.)
Page ‐3‐
Each person that signs this Payment Bond on behalf of the Principal or the Surety thereby represents and warrants that the party he or she represents has duly‐authorized him or her to sign, and thereby bind such party to, this Payment Bond.
IN WITNESS WHEREOF, the Principal and Surety have executed this Payment Bond as evidenced by the signatures, below, of their respective, duly‐authorized representatives.
PRINCIPAL
Company Name
Representative Signature
Representative Name
Representative Title
Date Signed
Principal: Attach Notary acknowledgment to this Payment Bond and, if applicable, imprint corporate seal in the space below this line.
SURETY
Company Name
Representative Signature
Representative Name
Representative Title
Date Signed
Surety: Attach Notary acknowledgment and power of attorney to this Payment Bond and imprint corporate seal in the space below this line.
| Project Name: |
| ProjectBid Package Numbers: |
| Contractor: |
| Contract: |
| the following publicworks construction project Project 1: |
| the following publicworks construction project Project 2: |
| sum of: |
| Dollars: |
| Company Name: |
| Company Name_2: |
| Street Address: |
| Street Address_2: |
| City State Zip Code: |
| City State Zip Code_2: |
| Representative Name: |
| Representative Name_2: |
| Representative Telephone Number: |
| Representative Telephone Number_2: |
| Company Name_3: |
| Representative Name_3: |
| Representative Title: |
| Date Signed: |
| Company Name_4: |
| Representative Name_4: |
| Representative Title_2: |
| Date Signed_2: |
| Text1: |
| Text2: |
| Text3: |
| Text4: |
File details come from the government source that posted it. Updated .