EVT0010692_-_Appendix_E_-_Performance_Bond.pdf
PDF 91 KB Posted
- Attached to
- Instant Lottery Tickets State and local contract opportunity
- Solicitation number
- EVT0010692
- Issued by
- Sedgwick County, Kansas
About this file
This is a Performance Bond template document for the State of Kansas. The bond establishes a contractual obligation between a contractor (principal), a surety company, and the State of Kansas (obligee) to ensure faithful performance of a state contract. The bond requires the contractor and surety to be jointly and severally liable for the completion of contracted work in accordance with specified plans, specifications, and project terms. In the event the contractor defaults on the contract and is declared in default by the State, the surety must promptly remedy the default by completing the contract or provide sufficient funds to cover completion costs minus the remaining contract balance. The bond remains in effect until the contractor faithfully, promptly, and accurately executes all contract obligations and complies with all conditions thereof.
The bond amount is to be determined and inserted by the parties at execution. The document is a blank template intended to be completed with specific information including the principal's name and location, the surety company's name and home office location, the contract date, a description of the work to be performed, and the relevant project number and EVT designation. The bond is dated for execution in 2026 and requires signatures from authorized representatives of both the principal and surety. This performance bond serves as a financial guarantee mechanism to protect the State of Kansas against contractor non-performance or breach of contract obligations.
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Other files for this state and local contract opportunity
| File | Type | Posted |
|---|---|---|
| Instant_Lottery_Tickets.pdf | ||
| EVT0010692_-_Amendment_Four_(4)_-_Modificatons.pdf | ||
| EVT0010692_-_Appendix_C_-_Vendor_Background.pdf | ||
| EVT0010692_-_Cost_Sheet_Amended.pdf | ||
| EVT0010692_-_Event_Details.pdf | ||
| EVT0010692_-_Appendix_B_-_References.pdf | ||
| EVT0010692_-_Appendix_A_-_Character_Form.pdf | ||
| EVT0010692_-_Appendix_D_-_Employee_Background.pdf | ||
| EVT0010692_-_Bid_Docuements.pdf | ||
| EVT0010692_-_Bid_Amendment_One_(1)_-_Extend_Q_A_Deadline.pdf | ||
| EVT0010692_-_Bid_Amendment_Three_(3)_-_Q_A.pdf | ||
| EVT0010692_-_Bid_Amendment_Two_(2)_-_Extend_Close_Date.pdf |
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Text version
Appendix E
P E R F O R M A N C E B O N D
KNOW ALL MEN BY THESE PRESENTS:
That we, _____________________________ of _______________________ as
Principal, hereinafter called Contractor, and _____________________Company, a corporation organized Under the laws of the State of ____________________, with its home office in the city and state of ____________________, as Surety and hereinafter referred to as Surety, are held and firmly bound unto the State of Kansas, as Obligee, hereinafter called the State, in the sum of ($_____________) for the payment of which sum we as Contractor and Surety bind ourselves and our legal representatives and successors, jointly and severally, by this instrument.
WHEREAS, Contractor has by written agreement dated, ______________________ entered
Into a contract with the State of Kansas for: _________________________________________
In accordance with plans and specifications set forth in the State of Kansas, project _______________ and EVT _______ and which contract is by referenced made a part hereof and is hereinafter referred to as the contract.
IT IS THEREFORE the condition of the above obligation that whenever Contractor shall be in default and is declared by the State to be in default under the contract, the State having performed the State’s obligations under the Contract, the Surety will promptly remedy the default by completion of the Contract in accordance with the terms and conditions of the Contract.
If Surety does not promptly remedy the default, Surety shall be liable to the State for sufficient funds to pay the cost of completion less the balance of the contract price. Balance of contract price shall mean total amount payable by State to Contractor under the contract, less amounts properly paid to Contractor by State. If Contractor faithfully, promptly and accurately executes the contract and complies with all the conditions thereof, then this obligation shall be null and void; otherwise, it shall remain in full force and effect.
IN WITNESS WHEREOF, we have here unto set our hands this __________ day of ____________ 2026.
Principal ____________________________ By ________________________________
By _________________________________ Surety _____________________________ (Title)
Address _____________________________ Address ____________________________
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