3113_Performance_Bond.pdf
PDF 120 KB Posted
- Attached to
- RYON PARK STAGE AREA IMPROVEMENT PROJECT
- Solicitation number
- ITB NO. 3113
- Issued by
- Santa Barbara County, Los Angeles City, California
About this file
This is a Performance Bond document for the City of Lompoc, California, related to Bid No. 3113 for the Ryon Park Stage Area Improvement Project. The bond obligates the Principal and Surety to ensure faithful performance of the contract awarded by the City Council of Lompoc on an unspecified date in 2026. The contract requires strict conformity with plans and special provisions, and the bond conditions stipulate that the Principal must abide by and perform all covenants, conditions, and agreements specified in the contract at the designated times and in the manner prescribed. Bids for this project were to be received until 2:00 pm on Thursday, July 2, 2026, with proposals valid for 90 calendar days following the bid opening date.
The bond document specifies that the Surety waives notice of any changes, extensions of time, alterations, or additions to the contract terms or work scope, and agrees that such modifications will not affect its obligations under the bond. The document requires execution by both the Principal and a properly acknowledged representative of the Surety, with the bond amount corresponding to the contract value. The bond serves to indemnify and hold harmless the City of Lompoc and its officers and agents in accordance with the underlying contract terms.
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Text version
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS,
That we, as Principal, and firmly bound unto the City of Lompoc in the sum of said sum being the amount of the following described contract, to be paid to the said City, its successors, and assigns; for which payment, well and truly to be made, we bind ourselves, our heirs, executors, and administrators, successors, or assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THEIR OBLIGATION IS SUCH,
THAT WHEREAS, the City Council of the City of Lompoc, State of California, by formal action the
Day of , 2026 awarded to said principal a contract to in strict conformity with plan and special provisions, Bid No. 3113 and whereas, said Principal is required under the terms of said Contract to furnish a Bond for the faithful performance of said Contract.
NOW THEREFORE, if the above bounden Principal, their, her or its heirs, executors, administrators, successors or assigns shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and agreements in the said Contract and any alteration thereof made as therein provided, on their or her or their part, to be kept and performed at the time and in the manner therein specified and in all respects according to their true intent and meaning, and shall indemnify and save harmless the City of Lompoc, its officers and agents, as therein stipulated, then their obligation shall become null and void;
otherwise it shall remain in full force and effect.
And the said Surety, for value received, hereby stipulates, and agrees that no change, extension of time, alteration, or addition to the terms of the Contractor to the work to be performed thereunder shall in any way affect its obligations on their bond, and it does hereby waive notice of any change, extension of time, alteration, or addition to the terms of the Contract or to the work.
IN WITNESS WHEREOF, their instrument has been duly executed by the Principal and Surety above named, on the day of , 2026.
(Seal)
Principal
Surety
Address
NOTE: Signature of person executing for the Surety must be properly acknowledged.
File details come from the government source that posted it. Updated .