7-00 61 14 Payment Bond.doc
DOC document 69 KB Posted
- Solicitation number
- 26-0282
- Issued by
- Tarrant County, Texas
About this file
This is a Payment Bond document for the City of Fort Worth, Texas, related to the 2027 Asphalt Resurfacing Contract 6 (City Project No. 106821). The bond is required in compliance with Chapter 2253 of the Texas Government Code and serves as a guarantee that the principal contractor will pay all monies owed to payment bond beneficiaries during the execution of the work. The contract covers substantial infrastructure work including approximately 2,710 linear feet of 7-inch curb and gutter, 15,221 square feet of 6-inch concrete driveway, 17,248 square feet of 4-inch concrete sidewalk, 50,465 square yards of 2-inch asphalt pavement with surface milling, 15,635 square yards of 3-inch asphalt pavement with 11-inch pavement pulverization, 253 tons of cemlime, and 76 barrier-free ADA ramps.
The Payment Bond requires the principal contractor and a corporate surety authorized to conduct business in Texas to execute the bond in a penal sum amount to be specified. The surety is jointly and severally liable for ensuring all materials, equipment, labor, and accessories are provided in accordance with the contract terms. The bond becomes null and void upon the contractor's complete payment to all beneficiaries; otherwise, it remains in full force and effect. Execution of the bond must occur on or after the contract award date, and the surety must provide a certified extract from its bylaws demonstrating the signatory's authority, along with both physical and mailing addresses if they differ.
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Other files
| File | Type | Posted |
|---|---|---|
| 5-00 52 43 Agreement.doc | DOC document | |
| 4-00 35 13 Conflict of Interest Statement.doc | DOC document | |
| 8-00 45 26 Contractor Compliance.doc | DOC document | |
| 12-Project Manual CPN106821.pdf | ||
| 10-00 45 13 Prequalification Application.doc | DOC document | |
| 2-00 45 11 Bidders Prequalifications.doc | DOC document | |
| 9-00 41 00 Bid Proposal Workbook.xlsx | XLSX spreadsheet | |
| 13-Submission Instructions - 26-0282.docx | DOCX document | |
| 6-00 61 19 Maintenance Bond.doc | DOC document | |
| 1-00 21 13 Instruction to Bidders.docx | DOCX document | |
| 3-00 11 13 Invitation to Bidders.docx | DOCX document | |
| 11-00 61 13 Performance Bond.doc | DOC document |
Show all 12
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Text version
00 61 14 - 1
PAYMENT BOND
SECTION 00 61 14
PAYMENT BOND
THE STATE OF TEXAS
KNOW ALL BY THESE PRESENTS:
COUNTY OF TARRANT
That we, _____________________________________________________, known as “Principal” herein, and _________________________________________________________, a corporate surety (sureties), 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 the State 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 be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents:
WHEREAS, Principal has entered into a certain written Contract with 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 as defined by law, in the prosecution of the Work as provided for in said Contract and designated as 2027 ASPHALT RESURFACING CONTRACT 6. City Project No. 106821.
NOW, THEREFORE, the condition of this obligation is such that if Principal shall pay all monies owing to any (and all) payment bond beneficiary (as defined in Chapter 2253 of the Texas Government Code, as amended) in the prosecution of the Work under the Contract, then this obligation shall be and become null and void; otherwise to remain in full force and effect.
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 statute.
IN WITNESS WHEREOF, the Principal and Surety have each SIGNED and SEALED this instrument by duly authorized agents and officers on this the _________ day of ___________________, 20_____.
PRINCIPAL:
| ATTEST: |
| BY: _____________________________ |
Signature
| ___________________________________ |
| _____________________________ |
| (Principal) Secretary |
| Name and Title |
Address: _________________________
| ___________________________________ |
| _________________________ |
Witness as to Principal
SURETY:
| ATTEST: |
| BY: _____________________________ |
Signature
| __________________________________ |
| _____________________________ |
| (Surety) Secretary |
| Name and Title |
Address: _________________________
| __________________________________ |
| _________________________ |
Witness as to Surety
Telephone Number: ________________ Email Address: ___________________
Note:
If signed by an officer of the Surety, there must be on file a certified extract from the bylaws 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.
END OF SECTION
CITY OF FORT WORTH
2027 ASPHALT RESURFACING CONTRACT 6
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS
CITY PROJECT NO. 106821
Revised December 8, 2023
File details come from the government source that posted it. Updated .