Berkshire SC - VRF Installation - Payment Bond Form.pdf
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- Attached to
- Berkshire SC - VRF Installation
- Solicitation number
- BD-27-1107-FREG5-ACCOU-132395
- Issued by
- Berkshire County, Massachusetts
About this file
This is a Payment Bond Form issued by the Commonwealth of Massachusetts through the Executive Office of the Trial Court, Office of Court Management, Facilities Management Department for the Berkshire SC VRF Installation project. The payment bond serves as a financial guarantee that the principal contractor will pay all labor, materials, and authorized contract modifications related to the installation of a four-head VRF system in the Berkshire SC Clerk's Office. The bond is executed jointly by the principal contractor and surety, binding both parties to fulfill payment obligations in accordance with Massachusetts General Laws Chapter 30, Section 39A and Chapter 149, Section 29.
The payment bond form contains blanks for insertion of the principal contractor's name, surety company information, bond amount, contract date, project number, and contract number. The surety assumes liability for all labor costs, material expenses, and any duly authorized contract modifications or extensions. The bond becomes null and void upon full payment performance; otherwise, it remains in full force and effect. The document requires signatures and seals from both the general contractor and surety representative, along with the surety's address, establishing the financial security mechanism required to protect the Commonwealth's interests in the VRF installation project.
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Text version
DCAM Payment Bond 4/02
PAYMENT BOND
Know all men by these presents, that as principal, and __________________________________________________________ as surety, are held and firmly bound unto the Commonwealth of Massachusetts in the sum of ___________________________________________________ ($ ) in lawful money of the United States of America, to be paid to the Commonwealth of Massachusetts, for which payments, well and truly to be made, we bind ourselves, our respective heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
Whereas, the said principal has made a Contract with the Commonwealth acting through its ___Executive Office of the Trial Court, Office of Court Management, Facilities Management Department___ (“Awarding Authority”) bearing date of _________________________, 20____, for the construction of Project No. /Contract No.
Project Name ____________
Now the condition of this obligation is such that if the principal shall pay for all labor performed or furnished and for all materials used or employed in said Contract and in any and all duly authorized modifications, alterations, extensions of time, changes or additions to said Contract that may hereafter be made, notice to the surety of such modifications, alterations, extensions of time, changes or additions being hereby waived, the foregoing to include any other purpose or items set out in, and to be subject to, provisions of Massachusetts General Laws Chapter 30, section 39A, and Chapter 149, section 29, as amended, then this obligation shall become null and void; otherwise it shall remain in full force and virtue.
In witness whereof we hereunto set our hand and seals this _________ day of _________________________, 20__.
____________________________ (Seal) ____________________________(Seal) (Print Name of General Contractor) (Print Name of Surety)
By _________________________ ____________________________ (Signature - Title) (Signature - Title)
Surety Address _______________________
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