9-11 PAYMENT BOND.pdf
PDF 108 KB Posted
- Attached to
- IFB - THUNDER JUNCTION PARK - PHASE 2
- Solicitation number
- 26-299
- Issued by
- Washington County, Utah
About this file
This is a Payment Bond document for the Thunder Junction Park Phase 2 project (Inquiry No. 26-299) issued by the City of St. George, Utah. The payment bond serves as a guarantee that the principal contractor will promptly pay all subcontractors, suppliers, and laborers involved in the construction of the park located at 1851 South Dixie Drive in Tonaquint Park. The bond obligates the contractor and surety to ensure payment for all materials, labor, equipment, repairs, insurance premiums, and other costs associated with project execution. The bond document includes standard provisions requiring the surety company to be listed on the Treasury Department's current Circular 570 and authorized to conduct business in Utah, with no changes, extensions, or modifications to the contract terms affecting the bond's validity.
The payment bond amount and specific contract date are to be filled in by the parties upon execution. As specified in the related contract opportunity, 100% payment and performance bonds are required for this project, with the surety company responsible for ensuring all project obligations are met regardless of any contract modifications or extensions. The bond protects the City of St. George and all beneficiaries performing work or supplying materials, with claims remaining valid even after final settlement between the city and contractor. The document requires execution by authorized representatives of both the principal and surety, with attestation and proper sealing.
View the file
Other files
Show all 18
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
PAYMENT BOND
Project: Thunder Junction Park Phase 2 Inquiry No. 26-299
KNOW ALL MEN BY THESE PRESENTS:
(Name of Contractor)
(Address of Contractor) a , (Corporation, Partnership, or Individual) hereinafter called Principal, and
(Name of Surety)
(Address of Surety) hereinafter called Surety, are held and firmly bound unto the City of St. George located at, 61 South Main
Street, St. George, Utah 84770 hereinafter called CITY, in the penal sum of
Dollars, $ ( ) in lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, successors, and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal entered into a certain contract with the CITY, dated the day of 20 , a copy of which is hereto attached and made a part hereof for the construction of the above-named project.
NOW, THEREFORE, if the Principal shall promptly make payment to all persons, firms, SUBCONTRACTORS, and corporations furnishing materials for or performing labor in the prosecution of the WORK provided for in such contract, and any authorized extension or modification thereof, including but not limited to all amounts due for all materials, lubricants, oil, gasoline, coal and coke, repairs on machinery, equipment and tools, consumed or used in connection with the construction of such
WORK, and all insurance premiums on said WORK, and for all labor, performed in such WORK whether by SUBCONTRACTOR or otherwise, then this obligation shall be void; otherwise to remain in full force and effect.
PROVIDED, FURTHER, that the said Surety for value received hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract or to the WORK to be performed thereunder or the SPECIFICATIONS accompanying the same shall in any wise affect its obligation on this BOND, and it does hereby waive notice of any change, extension of time, alteration or addition to the terms of the contract or to the WORK or to the CONTRACT DOCUMENTS.
PROVIDED, FURTHER, that no final settlement between the CITY and the CONTRACTOR shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied.
IN WITNESS WHEREOF, this instrument is executed in counterparts, each one of which shall be deemed an original, this the day of 20 .
ATTEST:
Principal
(Principal) Secretary
(SEAL) By ____________________________________ Address Witness as to Principal Address
ATTEST:
Surety
(Surety) Secretary (SEAL) By__________________________________ Address Witness as to Surety ____________________________________ Attorney-in-fact Address
NOTE: Date of BOND must not be prior to date of Contract. If CONTRACTOR is Partnership, all partners should execute BOND.
IMPORTANT: Surety companies executing BONDS must appear on the Treasury Department's most current list (Circular 570 as amended) and be authorized to transact business in the State where the project is located.
File details come from the government source that posted it. Updated .