6-Attachment K - Payment Bond.pdf
PDF 17 KB Posted
- Solicitation number
- 25/0394
- Issued by
- Harris County, Texas
About this file
This is a Payment Bond form required by the Texas Department of Insurance for construction contracts with Harris County, Texas, specifically for the Construction of Lauder Stormwater Detention Basin (Compartment 2) project funded through CDBG-DR/GLO. The bond template establishes the legal framework for surety coverage in accordance with Texas Government Code 2253.001 et seq. The document requires completion of principal and surety company information, including addresses, phone numbers, and authorized representatives, along with specification of the bond amount in dollars. The bond references a written contract between the principal contractor and the county obligee and is executed to ensure all claimants supplying labor and materials to the principal or subcontractors are paid during project execution.
The payment bond operates as a financial guarantee that the principal contractor will fulfill payment obligations to all laborers and material suppliers throughout the project prosecution. The bond's liability and enforcement are governed entirely by Texas Government Code provisions 2253.001 et seq. The document requires execution by both the principal contractor and the corporate surety through their authorized representatives (identified as attorney-in-fact), with county acceptance and approval by the Harris County Flood Control District or its authorized agency representative. Completion of all blank fields, including bond number, bond amount, job description, execution date, surety state of incorporation, surety principal office location, and registered agent information, is necessary prior to bond submission and acceptance.
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Text version
Attachment K
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.:
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