8-00 61 14 Payment Bond.doc
DOC document 69 KB Posted
- Solicitation number
- 26-0075
- Issued by
- Tarrant County, Frankston Town, Texas
About this file
This is a Payment Bond document for the City of Fort Worth, Texas, related to the 2026 Concrete Restoration Contract 3 (City Project No. 106668). The bond secures the contractor's obligation to pay all laborers, material suppliers, and other beneficiaries involved in the project. The major work consists of approximately 11,260 square yards of 9-inch concrete pavement, 9,472 square yards of 6-inch concrete pavement, 4,100 cubic yards of flex base, and 18,250 square yards of geogrid. The bond is executed in compliance with Chapter 2253 of the Texas Government Code and must be signed by authorized representatives of both the principal contractor and the corporate surety, with the bond date not prior to the contract award date.
The payment bond establishes a penal sum to guarantee payment of all monies owed to project beneficiaries as defined in the Texas Government Code. The document requires the principal and surety to execute the bond jointly and severally, binding themselves to fulfill all payment obligations related to the contract. Both the principal contractor and the corporate surety must provide their signatures, titles, addresses, and contact information, with the surety required to provide a certified extract from its bylaws demonstrating the signatory's authority. The bond documentation specifies that if all payments are made as required, the bond obligation becomes null and void; otherwise, it remains in full force and effect to protect all parties providing labor, materials, and services to the project.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 12-Project Manual 2026 Concrete Restoration Contract 3.pdf | ||
| 7-Small Business Utilization Form.pdf | ||
| 10-Submission Instructions - 26-0075.docx | DOCX document | |
| 1-00 11 13 Invitation to Bidders BONFIRE.doc | DOC document | |
| 6-00 61 19 Maintenance Bond.doc | DOC document | |
| 11-00 41 00 Bid Proposal Workbook.xlsx | XLSX spreadsheet | |
| 3-00 52 43 Agreement.docx | DOCX document | |
| 5-00 61 13 Performance Bond.doc | DOC document | |
| 2-00 45 26 Contractor Compliance.doc | DOC document | |
| 9-00 21 13 Instruction to Bidders.docx | DOCX document | |
| 4-00 45 41 Small Business Goal.doc | DOC document |
Show all 11
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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 3, City Project No. 106668.
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 3
STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS
CITY PROJECT NO. 106668
Revised December 8, 2023
File details come from the government source that posted it. Updated .