Attachment_T_Payment_and_Performance_Bond.pdf
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- Solicitation number
- DCAM-26-CS-RFP-0011
- Issued by
- District of Columbia
About this file
Performance and Payment Bond Template for District of Columbia Construction Contracts
This document is a standardized bond form issued by the District of Columbia Department of General Services for construction projects, specifically applicable to the Hendley Elementary School modernization design-build contract. The forms provided are two separate instruments: a Performance Bond (Construction) and a Payment Bond (Construction), each requiring the principal contractor and surety(ies) to guarantee fulfillment of all contractual undertakings, covenants, terms, conditions, and agreements for the original contract term and any authorized extensions. The principal must demonstrate complete and faithful performance of all work, modifications, and guarantee periods, while protecting the District from claims, delays, suits, damages, counsel fees, judgments, patent infringement claims, and any injury or property damage resulting from the principal's acts or omissions during contract prosecution. Both bonds require execution by authorized signatories on or after the contract date and must be executed by the same person authorized to sign the underlying contract.
The penal sum amounts, bond premium rates, and liability limits are to be completed upon execution and must reflect the full contract value or as specified in the contract documents. Surety corporations executing the bonds must be among those approved by the U.S. Treasury Department's list of acceptable sureties and must be licensed by the District of Columbia Insurance Administration, Department of Consumer and Regulatory Affairs. Each surety must provide an adequate Power-of-Attorney for any representative signing the bond and identify the agency or agent receiving commission. Corporate signatories must affix their corporate seals, while individual signatories must provide full signatures with middle initials and addresses witnessed by two parties. Evidence of authority beyond the President or Vice-President level must be provided in the form of certified Board of Directors minutes or bylaws extracts bearing the corporate seal.
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Text version
PERFORMANCE BOND
(CONSTRUCTION)
(See Instructions on Reverse)
Date Bond Executed (Must be same or later than date of Contract)
PRINCIPAL (Legal Name and Address) TYPE OF ORGANIZATION (“x”)
INDIVIDUAL PARTNERSHIP
JOINT VENTURE CORPORATION
STATE OF INCORPORATION
SURETY(IES) (Name(s) and Address(es) PENAL SUM OF BOND
MILLION(S) THOUSAND(S) HUNDRED(S) CENTS
CONTRACT DATE CONTRACT NUMBER
KNOW ALL MEN BY THESE PRESENTS. That we, the Principal and Surety(ies) hereto are firmly bounds to the District of Columbia Government, a municipal corporation, hereinafter called the District, in the above penal sum for the payment of which we bind ourselves, our heirs, executors, and successors, bind ourselves in such sum “jointly” and “severally” only for the purpose of allowing a joint action or actions against any or all of us, and for all other purposes each Surety binds itself, jointly and severally with the Principal, for the payment of such sum only as is set forth opposite the name of such Surety, but if no limit of liability is indicated, the limit of liability shall be the full amount of the penal sum.
THE CONDITION OF THIS OBLIGATION IS SUCH,that whereas the Principal entered into the Contract identified above.
NOW THEREFORE, if the Principal shall well and truly perform and fulfill all undertakings, covenants, terms and condition, and agreements of the Contract during the original term of the Contract and any extension thereof that may be granted by the District with or without notice to the Surety, and during the life of guaranty required under the Contract, and shall also well and truly perform and fulfill all the undertakings, covenants, terms, conditions and agreements of any duly authorized modifications of the Contract that may hereafter be made, notice of which modifications to the Surety being hereby waived, and shall save harmless and indemnify the District from any and all claims, delays, suits, costs, charges, damages, counsel fees, judgments and decrees to which the District may be subjected at any time on account of any infringement by the Principal of letters, patents, or copyrights, unless otherwise specifically stipulated in the Contract or on account of any injury to persons or damage to property or premises that occur as a result of any act or omission of Principal in connection with the prosecution of the work under the Contract and shall pay the same, then the above obligation shall be void; otherwise to remain in full force and virtue.
IN WITNESS WEHREOF, the Principal and Surety(ies) have executed this performance bond and have affixed their seals on the date set forth above.
PRINCIPAL
1. Signature
(Seal)
1. Attest
Corporate Seal Name & Title (typed) Name & Title (typed)
2. Signature
(Seal)
2. Attest
Corporate Seal Name & Title (typed)
Form No. DC 26-40-7 86-p4002-1 wd-206
SURETY (IES)
1. Name & Address (typed) State of Inc. Liability Limit
Corporate Seal
Signature of Attorney-in-Fact Attest (Signature)
Name & Address (typed) Name & Address (typed)
1. Name & Address (typed) State of Inc. Liability Limit
Corporate Seal
Signature of Attorney-in-Fact Attest (Signature)
Name & Address (typed) Name & Address (typed)
BOND PREMIUM
Rate Per Thousand Total Premium Name & Address of Agency or Agent Receiving Commission
INSTRUCTIONS
1. The full legal name and business address of the Principal shall be inserted in the space designated “Principal” on the face of this form. The bond shall be signed by the authorized person signing the Contract. When such person signing is other than the President or Vice-President of a corporation, evidence of authority shall be furnished. Such evidence shall be in the form of either an Extract of Minutes of a meeting of the Board of Directors, or Extract of Bylaws, certified by the Corporate Secretary, or Assistant Secretary and with Corporate Seal affixed thereto.
2. Corporations executing the bond as sureties shall be among those appearing on the U.S. Treasury Department’s list of approved sureties and shall be acting within the limitations set forth therein, and shall also be licensed by the Insurance Administration, Department of Consumer and Regulatory Affairs, to do business in the District of Columbia. The surety shall (1) insert on the bond form the name and addresses of the agency receiving the commission; and (2) attach an adequate Power-of-Attorney for each representative signing the bond.
3. Corporations executing the bond shall affix their Corporate Seals. Individuals shall sign full first name, middle initial and last name opposite the word “seal”; two witnesses shall sign and include their addresses, under the word “witness”. If executed in Maine or New Hampshire, an adhesive seal shall be affixed.
4. The name of each person signing this performance bond shall be typed in the space provided.
Rev. July 1986 86-p4002-2 wd-206
Form No. DC 26-40-8 86-p4003-1 wd-206
PAYMENT BOND
(CONSTRUCTION)
(See Instructions on Reverse)
Date Bond Executed (Must be same or later than date of Contract)
PRINCIPAL (Legal Name and Address) TYPE OF ORGANIZATION (“x”)
INDIVIDUAL PARTNERSHIP
JOINT VENTURE CORPORATION
STATE OF INCORPORATION
SURETY (IES) (Name(s) and Address(es) PENAL SUM OF BOND
MILLION(S) THOUSAND(S) HUNDRED(S) CENTS
CONTRACT DATE CONTRACT NUMBER
KNOW ALL MEN BY THESE PRESENTS. That we, the Principal and Surety(ies) hereto are firmly bounds to the District of Columbia Government, a municipal corporation, hereinafter called the District, in the above penal sum for the payment of which we bind ourselves, our heirs, executors, and successors, bind ourselves in such sum “jointly” and “severally” only for the purpose of allowing a joint action or actions against any or all of us, and for all other purposes each Surety binds itself, jointly and severally with the Principal, for the payment of such sum only as is set forth opposite the name of such Surety, but if no limit of liability is indicated, the limit of liability shall be the full amount of the penal sum.
THE CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal entered into the Contract identified above.
NOW THEREFORE, if the Principal shall well and truly perform and fulfill all undertakings, covenants, terms and condition, and agreements of the Contract during the original term of the Contract and any extension thereof that may be granted by the District with or without notice to the Surety, and during the life of guaranty required under the Contract, and shall also well and truly perform and fulfill all the undertakings, covenants, terms, conditions and agreements of any duly authorized modifications of the Contract that may hereafter be made, notice of which modifications to the Surety being hereby waived, and shall save harmless and indemnify the District from any and all claims, delays, suits, costs, charges, damages, counsel fees, judgments and decrees to which the District may be subjected at any time on account of any infringement by the Principal of letters, patents, or copyrights, unless otherwise specifically stipulated in the Contract or on account of any injury to persons or damage to property or premises that occur as a result of any act or omission of Principal in connection with the prosecution of the work under the Contract and shall pay the same, then the above obligation shall be void; otherwise to remain in full force and virtue.
IN WITNESS WEHREOF, the Principal and Surety (ies) have executed this payment bond and have affixed their seals on the date set forth above.
PRINCIPAL
1. Signature
(Seal)
1. Attest
Corporate Seal Name & Title (typed) Name & Title (typed)
2. Signature
(Seal)
2. Attest
Corporate Seal Name & Title (typed)
SURETY (IES)
1. Name & Address (typed) State of Inc. Liability Limit
Corporate Seal
Signature of Attorney-in-Fact Attest (Signature)
Name & Address (typed) Name & Address (typed)
1. Name & Address (typed) State of Inc. Liability Limit
Corporate Seal
Signature of Attorney-in-Fact Attest (Signature)
Name & Address (typed) Name & Address (typed)
BOND PREMIUM
Rate Per Thousand Total Premium Name & Address of Agency or Agent Receiving Commission
INSTRUCTIONS
1. The full legal name and business address of the Principal shall be inserted in the space designated “Principal” on the face of this form. The bond shall be signed by the authorized person signing the Contract. When such person signing is other than the President or Vice-President of a corporation, evidence of authority shall be furnished. Such evidence shall be in the form of either an Extract of Minutes of a meeting of the Board of Directors, or Extract of Bylaws, certified by the Corporate Secretary, or Assistant Secretary and with Corporate Seal affixed thereto.
2. Corporations executing the bond as sureties shall be among those appearing on the U.S. Treasury Department’s list of approved sureties and shall be acting within the limitations set forth therein, and shall also be licensed by the Insurance Administration, Department of Consumer and Regulatory Affairs, to do business in the District of Columbia. The surety shall (1) insert on the bond form the name and addresses of the agency receiving the commission; and (2) attach an adequate Power-of-Attorney for each representative signing the bond.
3. Corporations executing the bond shall affix their Corporate Seals. Individuals shall sign full first name, middle initial and last name opposite the word “seal”; two witnesses shall sign and include their addresses, under the word “witness”. If executed in Maine or New Hampshire, an adhesive seal shall be affixed.
4. The name of each person signing this payment bond shall be typed in the space provided.
| PERFORMANCE BOND |
| PENAL SUM OF BOND |
| PRINCIPAL |
| BOND PREMIUM |
| INSTRUCTIONS |
| PAYMENT BOND |
| PENAL SUM OF BOND |
| PRINCIPAL |
| BOND PREMIUM |
| INSTRUCTIONS |
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