C_-_Performance_Bond.pdf
PDF 23 KB Posted
- Solicitation number
- 2025-ENGINEERING-090
- Issued by
- Kalamazoo County, Huntington Woods City, Michigan
About this file
This is a Performance Bond template document from the City of Jackson, Michigan, for use in conjunction with contract opportunities requiring bonding. The document establishes the framework for a surety bond between a contractor (principal), a surety company, and the City of Jackson as the obligee. The bond serves as a guarantee that the contractor will faithfully perform all work in accordance with contract drawings, specifications, conditions, and stipulations. The bond amount is to be determined based on the specific contract requirements and must be executed with appropriate signatures and seals from both the principal and surety, with the surety represented by an attorney-in-fact. A Power of Attorney must be attached as supporting documentation to the bond.
The Performance Bond protects the City of Jackson from potential liability, liens, and claims arising from contract performance and ensures the contractor remains accountable for all obligations regardless of any modifications, extensions, or forbearances granted by either party during contract execution. The bond template includes standard protective language that maintains the surety's obligation even if the City grants extensions of time or modifies contract terms. The specific contract amount, contractor name, surety company details, contract date, and project description must be completed prior to execution. This bond form is referenced as part of the bidding requirements for the City of Jackson's ENG 25-04C Spring 2026 Street Tree Purchase & Planting contract opportunity.
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Text version
BOND NO.
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS, that we, _______________________________ Contractor, as Principal, and as Surety, are held and firmly bound unto THE CITY OF JACKSON, MICHIGAN, 161 West
Michigan Avenue, Jackson, Michigan 49201, Owner, in the sum of (___________________) to be paid to the Owner for which payment well and truly be made we jointly and severally bind ourselves, our heirs, executors, administrators, and assigned firmly by these presents.
THE CONDITION OF THE ABOVE OBLIGATIONS ARE such that, WHEREAS, the said ______________________________ (CONTRACTOR) did, on the ____________day of _____________________, _______, enter into a certain contract with the said Owner for the __________________________________________ in accordance with drawings, specifications, conditions and stipulations prepared by which said contract, drawings, specifications, conditions and stipulations are by reference made a part hereof as if fully set out herein, and is hereinafter referred to as the Contract.
NOW, THEREFORE, the condition of the foregoing obligation is such that, if the said Contractor shall save harmless the said Owner from all public liability and damages of every description in connection with the Contract, shall well and faithfully in all things fulfill the Contract according to all the drawings, specifications, conditions and stipulations therein contained in all respects, and shall save and hold harmless the said Owner from and against all liens and claims of every description in connection with the Contract, then this obligation shall be void and of no effect; but otherwise, it shall remain in full force and virtue;
B-1
Jackson Performance Bond (Page 1 of 2)
AND PROVIDED, that any alterations which may be made in the terms of said Contract, or in the work be done under it, or in the event that the said Owner shall grant any extension of time for the performance of said contract or otherwise modify any elements of the Contract, or any forbearance on the part of either party to the other shall not in any way release the Principal and Surety, or either of them, their heirs, executors, administrators, successors or assigns, from any liability hereunder, notice to the Surety of any such alterations, modifications, extension or forbearance being hereby waived.
WITNESS our hands and seals this ___________ day of ___________, _______.
WITNESS:
Principal
By
Title
WITNESS:
Surety
By Attorney-in-fact
ATTACH POWER OF ATTORNEY
B-2 Jackson Performance Bond (Page 2 of 2)
File details come from the government source that posted it. Updated .