6-Attachment J - Payment Bond.pdf
PDF 17 KB Posted
- Solicitation number
- 26/0071
- Issued by
- Harris County, Texas
About this file
This is a Payment Bond form required by the Texas Department of Insurance and the Harris County Flood Control District for the Dinner Creek Stormwater Detention Basin - Phase 1 project, estimated at $35,656,303. The bond document establishes the legal framework for securing payment to all laborers and material suppliers involved in the project execution. The form requires completion of principal contractor information, surety company details, bond amount, project description, and execution date. The bond is executed pursuant to Texas Government Code 2253.001 et seq. and must be accepted and approved by Harris County representatives.
The payment bond serves as a guarantee mechanism requiring the principal contractor and surety to ensure all claimants supplying labor and materials receive payment during project prosecution. The bond remains in effect until all project obligations are satisfied. The document requires designation of a corporate surety authorized to conduct indemnifying business in Texas, identification of an attorney-in-fact authorized to bind the surety, and inclusion of the surety's license number. All relevant project contract details are incorporated by reference into the bond instrument, making the bond directly enforceable under Texas state law regarding public works projects.
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Text version
Attachment J
PAYMENT BOND
Texas Department of Insurance 1-800-578-4677 BOND NUMBER _______________________ Pursuant to Texas Government Code 2253.001, et. seq, as amended
STATE OF TEXAS
COUNTY OF HARRIS
KNOW ALL MEN BY THESE PRESENTS:
That________________________, address:______________________________, phone: (___)_______________, Hereinafter called the Principle; and ______________________________, mailing address:
___________________________________________________, physical address:
____________________________________________________, phone: ______________________, a corporation;
existing under and by virtue of the laws of the State of ______________________ and authorized to do an indemnifying business in the State of Texas, and whose principal office is located in the City of __________________________, State of __________________________, whose registered agent residing in the State of Texas, authorized to accept service in all suits and actions brought within said State, is (individual’s name): ______________________________________, mailing address: ______________________________________________________, physical address:
___________________________________________________________________________, phone:
_______________________, hereinafter called Surety, are held and firmly bound unto the County of Harris, State of Texas, in the full sum 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 Job __________, which contract is hereby referred to and made a part hereof as fully and to the same extent as if copied at length herein.
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall pay all claimants supplying labor and material to him or a subcontractor in the prosecution of the work provided for in said contract, then, this obligation shall be void; otherwise to remain in full force and effect.
PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of, Texas Government Code 2253.001, et.
seq, as amended, and all liabilities of this bond shall be determined in accordance with the provisions of said article to the same extent as if it were copied at length herein.
IN WITNESS WHEREOF, the said Principal and Surety have signed and sealed this instrument this ___________ day of ________________________, 20 _________.
Accepted and Approved on behalf of Harris County _________________________________on ________________________________, 20 __________
(Principal)
By:
(Corporate Surety)
Countersignature:
By:
(Attorney-in-fact)
Agency Name:
Address:
License No.:
Phone No.:
File details come from the government source that posted it. Updated .