Attachment 0005 Performance Bond.pdf

This is Standard Form 25 (REV. 10/2023), a federal Performance Bond template prescribed by GSA-FAR (48 CFR) 53.228(b) for use in connection with Government contracts. The form is authorized for local reproduction and is subject to OMB Control Number 9000-0001, with an expiration date of 1/31/2027.

The Performance Bond binds the Principal (contractor) and one or more Sureties to the United States of America in a specified penal sum. The obligation requires the Principal to perform and fulfill all contract terms, conditions, covenants, and agreements during the original contract term and any authorized extensions, including payment of applicable taxes under 41 USC Chapter 31, Subchapter III, Bonds, if the contract is subject to those requirements. The bond becomes void if the Principal satisfactorily performs all contract undertakings and authorized modifications. The form accommodates multiple signatories for both the Principal and various Sureties (both individual and corporate), with dedicated sections for up to seven corporate sureties (Sureties A through G). Corporate sureties must appear on the Department of the Treasury's list of approved sureties and must operate within specified liability limits. For individual sureties, an Affidavit of Individual Surety (Standard Form 28) must accompany the bond. The form requires identification of the contract date, contract number, bond execution date (same as or later than contract date), and the penal sum amount in millions, thousands, hundreds, and cents. The bond premium calculation section captures the rate per thousand dollars and total premium amount. Instructions specify that authorized representatives may sign on behalf of corporate entities with evidence of authority, individuals executing bonds must affix adhesive seals in certain jurisdictions, and corporate entities must affix corporate seals.