8-00 61 14 Payment Bond.doc
DOC document 69 KB Posted
- Solicitation number
- 25-0256
- Issued by
- Tarrant County, Fort Worth City, Texas
About this file
This document is a Payment Bond for the City of Fort Worth, Texas, specifically for the 2026 Concrete Restoration Contract 1 (City Project No. 106177). The project involves substantial concrete infrastructure work, including approximately 7,950 square yards of 9" concrete pavement, 2,000 square yards of 7" concrete pavement, 2,750 cubic yards of flex base, and 12,450 square yards of geogrid installation. The bond serves as a financial guarantee that the principal contractor will pay all monies owed to payment bond beneficiaries during the prosecution of the work under the contract.
The payment bond is executed in compliance with Chapter 2253 of the Texas Government Code and is designed to protect the interests of the City of Fort Worth by ensuring that all subcontractors, suppliers, and laborers will be appropriately compensated for their work and materials. While specific financial details are left blank in this template document, the bond represents a critical legal and financial instrument that provides financial security for the public infrastructure project, demonstrating the city's commitment to proper contract execution and vendor protection.
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Other files
| File | Type | Posted |
|---|---|---|
| 3-00 41 00 Bid Proposal Workbook.xlsx | XLSX spreadsheet | |
| 6-00 21 13 Instruction to Bidders (1).docx | DOCX document | |
| 5-00 52 43 Agreement.docx | DOCX document | |
| 7-00 61 19 Maintenance Bond.doc | DOC document | |
| 2-00 45 41 Small Business Goal (1).pdf | ||
| 4-00 45 26 Contractor Compliance.doc | DOC document | |
| 10-Submission Instructions - 25-0256.docx | DOCX document | |
| 9-Project Manual CPN 106177.pdf | ||
| 1-00 11 13 Invitation to Bidders BONFIRE.doc | DOC document |
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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 2026 CONCRETE RESTORATION CONTRACT 1, City Project No. 106177.
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
2026 CONCRETE RESTORATION CONTRACT 1
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS
CITY PROJECT NO. 106177
Revised December 8, 2023
File details come from the government source that posted it. Updated .