Chelsea DC - Chilled Water Tap - Payment Bond Form.pdf
PDF 81 KB Posted
- Attached to
- Chelsea DC - Chilled Water piping Taps
- Solicitation number
- BD-27-1107-FREG5-ACCOU-133920
- Issued by
- Suffolk 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 Chelsea DC Chilled Water Tap project. The document establishes a binding obligation between a principal contractor and surety to guarantee payment for all labor, materials, and services required under the construction contract. The bond covers all work performed, materials furnished, and any authorized modifications, alterations, extensions, changes, or additions to the contract in accordance with Massachusetts General Laws Chapter 30, Section 39A, and Chapter 149, Section 29, as amended.
The payment bond serves as financial security to ensure that all workers and material suppliers are compensated for their contributions to the project. The document requires completion with specific details including the principal contractor's name, surety company information, bond amount in U.S. dollars, contract date, project number, and contract name. Both the contractor and surety must execute the bond with signatures and seals, along with their respective addresses and titles. The bond obligation remains in full force unless the principal fulfills all payment obligations, at which point the bond becomes null and void.
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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 _______________________
File details come from the government source that posted it. Updated .