9-10. Attachment I - Bond - Performance.pdf
PDF 9 KB Posted
- Solicitation number
- BVB 415-26 SEC
- Issued by
- Nueces County, Texas
About this file
This is a Performance Bond form required by the City of Amarillo, Texas for the Osage WTP Settling Basin Repairs Phase 02 - West Basin project. The bond serves as a guarantee that the principal contractor will faithfully perform all work in accordance with the project plans, specifications, and contract documents. The bond is executed pursuant to Chapter 2253 of the Texas Government Code and binds the principal, surety, and the City of Amarillo jointly and severally. The form requires completion of key information including the principal's name and business entity type, the surety company details and state of incorporation, the bond amount in dollars, the contract date, and a description of the work to be performed. The bond becomes void upon successful completion of the contracted work by the principal; otherwise, it remains in full force and effect.
The document is a blank template form that requires completion by the bidder and their bonding company prior to contract award. All liabilities under the bond are governed by Texas Government Code Chapter 2253, which establishes the legal framework for performance bonds on state and local construction projects. The form includes signature blocks for authorized representatives of both the principal contractor and surety company, along with spaces for company seals and addresses. The instructions explicitly state that the bond should not be dated at the time of submission, indicating that dating occurs during the final contract execution phase following bid award.
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Text version
PERFORMANCE BOND
THE STATE OF TEXAS
COUNTY OF
KNOW ALL MEN BY THESE PRESENTS, that we ______________________________________ a.
_____________________ of ____________________________ hereinafter called Principal, and __________
_______________________ , a corporation organized under the laws of __________ hereinafter called Surety, are held and firmly bound unto the City of Amarillo, a municipal corporation, chartered by virtue of the constitution and laws of the State of Texas, hereinafter called Obligee, in the amount 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 _______ of_
_____________ , ____ , to ____________________ 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 OFTHIS OBLIGATION IS SUCH, that if the said Principal shall faithfully perform the work in accordance with the plans, specifications, and the contract documents, 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 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 chapter to the same extent as if it were copied at length herein.
IN WITNESS WHEREOF ______________________ , Principal has caused these presents to be executed by its authorized attorney in fact and the said ______________________ , Surety, has caused these presents to be executed by its __________ , this __ day of __________ , A.D., _____ .
ATTEST
PRINCIPAL
By
(Principal Seal) Address
ATTEST
SURETY
By
(Surety Seal) Address
NOTE: DO NOT DATE THE BOND
File details come from the government source that posted it. Updated .