6-Attachment K - Payment Bond.pdf
PDF 17 KB Posted
- Solicitation number
- 25/0399
- Issued by
- Harris County, Texas
About this file
This is a Payment Bond document required by Harris County, State of Texas, pursuant to Texas Government Code 2253.001, et seq., for the Greens Bayou Mid-Reach Channel Conveyance Improvements (Segment 1) at John F. Kennedy Boulevard project managed by the Harris County Flood Control District with CDBG-DR/GLO funding. The bond form establishes the contractual relationship between a Principal (contractor), a corporate Surety, and Harris County as the Obligee. The bond is designed to guarantee that the Principal will pay all claimants, including laborers and material suppliers, engaged in the execution of the contracted work and any subcontractors involved in project prosecution.
The Payment Bond is executed in accordance with Texas Government Code 2253.001, et seq., with all bond liabilities determined under the provisions of that statute. The bond amount, principal information, surety details, and specific project information are completed through blank fields within the template. The document requires signatures and seals from both the Principal and corporate Surety, with acceptance and approval from a Harris County representative, including the Attorney-in-Fact signature on behalf of the Surety with corresponding license number and contact information. This bond ensures financial protection for all workers and material suppliers by establishing a binding obligation that remains in full force and effect until all labor and material claims related to the contract are satisfied.
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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.:
File details come from the government source that posted it. Updated .