4-00 61 14 Payment Bond.doc
DOC document 69 KB Posted
- Solicitation number
- 26-0184
- Issued by
- Tarrant County, Frankston Town, Texas
About this file
This is a Payment Bond document for the City of Fort Worth, Texas, related to a Brick Pavement Rehabilitation Unit Price Contract for various projects. The contract involves the repair and/or replacement of brick pavement, brick sidewalks, brick curb ramps, concrete curb and gutter, curbs, ramps, sidewalks, and driveways. The contract is structured as a unit price contract, allowing the City to order work as needed rather than committing to a full project scope. The contract may be renewed for up to two additional terms upon expiration of contract funds, with a maximum total contract duration of five years from the initial effective date. The principal contractor and surety must execute this payment bond in compliance with Chapter 2253 of the Texas Government Code to ensure all payment bond beneficiaries are paid for materials, equipment, labor, and services provided in the prosecution of the work.
The payment bond requires the principal and a corporate surety authorized to do business in Texas to guarantee payment in a penal sum to be determined at contract award. The bond must be executed in an amount sufficient to cover all monies owed to payment bond beneficiaries as defined by Texas Government Code Chapter 2253. The bond must be dated no earlier than the contract award date and executed by authorized agents of both the principal and surety, with supporting documentation including certified extracts from the surety's bylaws demonstrating signing authority. The City's contract budget may be less than the total bid amount, and the City is not obligated to award the contract for the full bid value, allowing flexibility in project execution based on available funding.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 3-00 41 00 Bid Proposal Brick Pavement Rehabilitation Unit Price Contract.xlsx | XLSX spreadsheet | |
| 2-00 45 26 Contractor Compliance.doc | DOC document | |
| 9-Small Business Utilization Form.pdf | ||
| 10-00 61 19 Maintenance Bond.doc | DOC document | |
| 8-00 21 13 Instruction to Bidders.docx | DOCX document | |
| 11-Project Manual Brick Rehab Unit Price Contract.pdf | ||
| 6-00 52 43 Agreement.docx | DOCX document | |
| 5-00 45 41 Small Business Goal.doc | DOC document | |
| 1-00 11 13 Invitation to Bidders BONFIRE.docx | DOCX document | |
| 7-00 61 13 Performance Bond.doc | DOC document |
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Text version
00 61 14 - 1
PAYMENT BOND
SECTION 00 61 14
PAYMENT BOND
THE STATE OF TEXAS
KNOW ALL BY THESE PRESENTS:
COUNTY OF TARRANT
That we, _____________________________________________________, known as “Principal” herein, and _________________________________________________________, a corporate surety (sureties), duly authorized to do business in the State of Texas, known as “Surety” herein (whether one or more), are held and firmly bound unto the City of Fort Worth, a municipal corporation created pursuant to the laws of the State of Texas, known as “City” herein, in the penal sum of___________________________________________ Dollars ($_______________________), lawful money of the United States, to be paid in Fort Worth, Tarrant County, Texas, for the payment of which sum well and truly be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents:
WHEREAS, Principal has entered into a certain written Contract with City, awarded the _____ day of ______________________, 20_____, which Contract is hereby referred to and made a part hereof for all purposes as if fully set forth herein, to furnish all materials, equipment, labor and other accessories as defined by law, in the prosecution of the Work as provided for in said Contract and designated as BRICK PAVEMENT REHABILITATION UNIT PRICE CONTRACT, Various Projects.
NOW, THEREFORE, the condition of this obligation is such that if Principal shall pay all monies owing to any (and all) payment bond beneficiary (as defined in Chapter 2253 of the Texas Government Code, as amended) in the prosecution of the Work under the Contract, then this obligation shall be and become null and void; otherwise to remain in full force and effect.
This bond is made and executed in compliance with the provisions of Chapter 2253 of the Texas Government Code, as amended, and all liabilities on this bond shall be determined in accordance with the provisions of said statute.
IN WITNESS WHEREOF, the Principal and Surety have each SIGNED and SEALED this instrument by duly authorized agents and officers on this the _________ day of ___________________, 20_____.
PRINCIPAL:
| ATTEST: |
| BY: _____________________________ |
Signature
| ___________________________________ |
| _____________________________ |
| (Principal) Secretary |
| Name and Title |
Address: _________________________
| ___________________________________ |
| _________________________ |
Witness as to Principal
SURETY:
| ATTEST: |
| BY: _____________________________ |
Signature
| __________________________________ |
| _____________________________ |
| (Surety) Secretary |
| Name and Title |
Address: _________________________
| __________________________________ |
| _________________________ |
Witness as to Surety
Telephone Number: ________________ Email Address: ___________________
Note:
If signed by an officer of the Surety, there must be on file a certified extract from the bylaws showing that this person has authority to sign such obligation. If Surety’s physical address is different from its mailing address, both must be provided.
The date of the bond shall not be prior to the date the Contract is awarded.
END OF SECTION
CITY OF FORT WORTH
Brick Pavement Rehabilitation Unit Price Contract
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS
Various Projects
Revised December 8, 2023
File details come from the government source that posted it. Updated .