4-PAYMENT BOND.docx
DOCX document 16 KB Posted
- Attached to
- IFB - ROADWAY IMPROVEMENTS - VARIOUS LOCATIONS
- Solicitation number
- 26-286
- Issued by
- Washington County, Utah
About this file
This is a Payment Bond document for the City of St. George, Utah, related to the Roadway Improvements Various Locations project (Inquiry No. 26-286). The bond serves as a financial guarantee that the contractor will promptly pay all subcontractors, material suppliers, laborers, and other parties involved in the construction project. The payment bond covers all costs associated with materials (including lubricants, oil, gasoline, coal, and coke), equipment repairs, machinery and tools consumed during construction, insurance premiums, and labor performed by subcontractors or other workers.
The bond is required at 100% of the contract value and must be executed by a surety company authorized to transact business in Utah and appearing on the Treasury Department's current list (Circular 570 as amended). The surety waives notice of any changes, extensions of time, alterations, or additions to the contract terms and work specifications. The bond remains in full force regardless of final settlement between the City and contractor, ensuring that all beneficiaries' claims remain protected. The bond must be dated on or after the contract date and, if the contractor is a partnership, all partners must execute the bond.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 15-5- MEASURE PAYMENT ROADWAY IMPROVEMENTS.pdf | ||
| 13-sample - CERTIFICATE OF INSURANCE.pdf | ||
| 14-sample - CONSTRUCTION AGREEMENT.pdf | ||
| 17-6- ROADWAY IMPROVEMENTS VARIOUS LOCATIONS - 5.29.26.pdf | ||
| 7-NOTICE OF AWARD.docx | DOCX document | |
| 6-CONDITIONAL WAIVER RELEASE UPON FINAL PAYMENT.docx | DOCX document | |
| 8-GENERAL CONDITIONS rev 09.pdf | ||
| 5-PERFORMANCE BOND.docx | DOCX document | |
| 12-MAJOR SUBCONTRACTOR LISTING.pdf | ||
| 1-3- BID BOND.pdf | ||
| 9-1- INFORMATION FOR BIDDERS.pdf | ||
| 10-2- BID TERMS.pdf | ||
| 3-NOTICE TO PROCEED.docx | DOCX document | |
| 2-CONDITIONAL WAIVER RELEASE UPON PROGRESS PAYMENT.docx | DOCX document | |
| 11-E-Verify Form.pdf | ||
| 16-4- SCOPE OF WORK ROADWAY IMPROVEMENTS.pdf |
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Text version
PAYMENT BOND
Project: Roadway Improvements Various Locations Inquiry No. 26-286
KNOW ALL MEN BY THESE PRESENTS:
(Name of Contractor)
(Address of Contractor) a , (Corporation, Partnership, or Individual) hereinafter called Principal, and
(Name of Surety)
(Address of Surety)
| hereinafter called Surety, are held and firmly bound unto the City of St. George located at, 175 East 200 North, St. George, Utah 84770 hereinafter called CITY, in the penal sum of | Dollars, $ ( | ) in lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, successors, and assigns, jointly and severally, firmly by these presents. | |
| THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal entered into a certain contract with the CITY, dated the day of 20 , a copy of which is hereto attached and made a part hereof for the construction of the above-named project. | |||
| NOW, THEREFORE, if the Principal shall promptly make payment to all persons, firms, SUBCONTRACTORS, and corporations furnishing materials for or performing labor in the prosecution of the WORK provided for in such contract, and any authorized extension or modification thereof, including but not limited to all amounts due for all materials, lubricants, oil, gasoline, coal and coke, repairs on machinery, equipment and tools, consumed or used in connection with the construction of such WORK, and all insurance premiums on said WORK, and for all labor, performed in such WORK whether by SUBCONTRACTOR or otherwise, then this obligation shall be void; otherwise to remain in full force and effect. | |||
| PROVIDED, FURTHER, that the said Surety for value received hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract or to the WORK to be performed thereunder or the SPECIFICATIONS accompanying the same shall in any wise affect its obligation on this 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 or to the CONTRACT DOCUMENTS. | |||
| PROVIDED, FURTHER, that no final settlement between the CITY and the CONTRACTOR shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied. | |||
| IN WITNESS WHEREOF, this instrument is executed in counterparts, each one of which shall be deemed an original, this the day of 20 . |
ATTEST:
Principal
(Principal) Secretary
| (SEAL) | By | |||
| ____________________________________ | ||||
| ____________________________________ | ||||
| ____________________________________ | Address | |||
| Witness as to Principal | ||||
| ____________________________________ |
Address
ATTEST:
Surety
| (Surety) Secretary | |||||
| (SEAL) | By__________________________________ | ||||
| ____________________________________ | |||||
| ____________________________________ | |||||
| Address | |||||
| ____________________________________ | |||||
| Witness as to Surety | |||||
| ____________________________________ | Attorney-in-fact | ||||
| ____________________________________ | |||||
| Address |
NOTE: Date of BOND must not be prior to date of Contract. If CONTRACTOR is Partnership, all partners should execute BOND.
IMPORTANT: Surety companies executing BONDS must appear on the Treasury Department's most current list (Circular 570 as amended) and be authorized to transact business in the State where the project is located.
File details come from the government source that posted it. Updated .