7-00 61 13 Performance Bond.doc

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PERFORMANCE BOND

SECTION 00 61 13

PERFORMANCE BOND

THE STATE OF TEXAS

KNOW ALL BY THESE PRESENTS:

COUNTY OF TARRANT

That we, _______________ known as “Principal” herein and ____________________________________________, a corporate surety(sureties, if more than one) 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 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 to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

WHEREAS, the Principal has entered into a certain written contract with the 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 defined by law, in the prosecution of the Work, including any Change Orders, as provided for in said Contract designated as 2026 CDBG CAMPBELL STREET IMPROVEMENT PROJECT. City Project No. 107033.

NOW, THEREFORE, the condition of this obligation is such that if the said Principal shall faithfully perform it obligations under the Contract and shall in all respects duly and faithfully perform the Work, including Change Orders, under the Contract, according to the plans, specifications, and contract documents therein referred to, and as well during any period of extension of the Contract that may be granted on the part of the City, then this obligation shall be and become null and void, otherwise to remain in full force and effect.

PROVIDED FURTHER, that if any legal action be filed on this Bond, venue shall lie in Tarrant County, Texas or the United States District Court for the Northern District of Texas, Fort Worth Division.

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 statue.

IN WITNESS WHEREOF, the Principal and the Surety have SIGNED and SEALED this instrument by duly authorized agents and officers on this the day of

, 20

PRINCIPAL:

BY: ________________________________

Signature

ATTEST:

(Principal) Secretary

Name and Title

Address:

Witness as to Principal

SURETY:

BY: ________________________________

Signature

Name and Title

Address: ____________________________

Witness as to Surety

Telephone Number: ___________________

Email Address:

*Note:

If signed by an officer of the Surety Company, there must be on file a certified extract from the by‑laws 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.

CITY OF FORT WORTH

2026 CDBG Campbell Street Improvement Project

STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS

City Project No. 107033

Revised December 8, 2023