Brooke Cooling Tower - Payment Bond Form.pdf
PDF 81 KB Posted
- Attached to
- Colling Tower Louver Replacement
- Solicitation number
- BD-26-1107-FREG5-ACCOU-123584
- Issued by
- Suffolk County, Massachusetts
About this file
This is a Payment Bond Form issued by the Commonwealth of Massachusetts, Executive Office of the Trial Court, Office of Court Management, Facilities Management Department, for a cooling tower project. The document serves as a formal surety bond requirement for the general contractor undertaking construction work on the Brooke Cooling Tower project. The bond obligates the principal contractor and surety to ensure payment for all labor, materials, and services used in the project, including any authorized modifications, alterations, extensions of time, changes, or additions to the contract. The bond amount, principal contractor name, surety company name, contract date, and project number are to be completed upon execution.
The Payment Bond Form is structured to comply with Massachusetts General Laws Chapter 30, Section 39A, and Chapter 149, Section 29, establishing legal obligations for the contractor and surety to guarantee payment to all laborers and material suppliers involved in the project. The bond becomes null and void upon satisfactory payment for all contract work; otherwise, it remains in full force and effect. Both the general contractor and surety must execute the document with signatures and official seals, with the surety providing its business address. This bond is a standard requirement for public construction projects in Massachusetts to protect workers and suppliers from non-payment.
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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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