ESBD_383359_1732633543981_Exhibit I Payment Bond.pdf
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- Solicitation number
- 808-25-250510
- Issued by
- El Paso County, El Paso City, Texas
About this file
This is a Payment Bond form (Exhibit I) for the Texas Historical Commission's project involving structural repairs to the Magoffin Home Visitor Center in El Paso County, Texas (Contract Number 808-25-250510). The document outlines the legal framework for a payment bond that protects all claimants supplying labor and materials for the public works project, as governed by Title 10, Texas Government Code, Chapter 2253.
The bond form requires completion by a Principal (contractor) and Surety, including the surety's contact information and a penal sum amount that must be provided in dollars. The document is dated for 2024 execution and requires signatures from both the Principal and Surety representatives. The bond specifically relates to structural repairs at the Magoffin Home Visitor Center and is designed to ensure payment protection for all subcontractors and suppliers involved in the project, with claims rights established under Texas Government Code Chapter 2253.
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Text version
Magoffin Home State Historic Site HSD-2024-038 Structural Repairs to the Visitor Center RFP# 808-25-250510
EXHIBIT I
PAYMENT BOND
STATE OF TEXAS
COUNTY OF ______________________ Contract Number 808-25-250510
KNOW ALL MEN BY THESE PRESENTS:
That we, ______________________________________ as PRINCIPAL, and ___________________________________________________ as SURETY(S), Surety Address: ______________________________________________________
Surety Phone: _______________________________________________ Surety Fax:
are hereby held and firmly bound unto the State of Texas in the penal sum of:
Dollars ($ ) for the payment, whereof, the said PRINCIPAL and SURETY(S) bind themselves, their heirs, executors, administrators, successors, and assigns jointly and severally, firmly by these presents.
The conditions of this obligation are such that whereas the PRINCIPAL entered into a certain contract dated , 2015, hereto attached, and made a part hereof, with the State of Texas, acting by and through the Texas Historical Commission, to commence and complete certain public works described as:
Structural Repairs to Magoffin Home Visitor Center, El Paso County, Texas
NOW THEREFORE, the conditions of this obligation are such that, if the PRINCIPAL shall promptly make payment to all claimants as defined in TITLE 10, TEXAS GOVERNMENT CODE, CHAPTER 2253, as amended, supplying labor and materials in the prosecution of the work provided for in said contract and any and all duly authorized changes to said contract that may hereafter be made, notice of such changes to the SURETY(S) being hereby waived, then, this obligation shall be null and void, otherwise it shall remain in full force and effect.
This bond is made and entered into solely for the protection of all claimants supplying labor and materials in the prosecution of the work provided for in said contract, and all such claimants shall have a direct right to action under the bond as provided in TITLE 10, TEXAS GOVERNMENT CODE, CHAPTER 2253, as amended.
IN WITNESS WHEREOF, the above bound parties have executed this instrument under their several seals this day of , 2024, the name and corporation seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative pursuant to authority of its governing body.
PRINCIPAL SURETY
BY: ____________________________________ BY: ______________________________________ DATE: ___________________________________ DATE: ____________________________________
PAYMENT BOND
File details come from the government source that posted it. Updated .