Exhibit G Payment and Performance Bonds.docx

EXHIBIT “G” Payment Bond

SPALDING COUNTY WATER & SEWERAGE FACILITIES AUTHORITY

KNOW ALL MEN BY THESE PRESENTS THAT ___________________________. (as CONTRACTOR, hereinafter referred to as the “Principal”), and _______________________ (as SURETY COMPANY, hereinafter referred to as the “CONTRACTOR’S SURETY”), are held and firmly bound unto Spalding County Water & Sewerage Facilities Authority (as OWNER, hereinafter referred to as the “Authority”), for the use and benefit of any “Claimant,” as hereinafter defined, in the sum of __________________ ($0.00), equal to One Hundred and Ten Percent (110%) of the Contract Amount, lawful money of the United States of America, for the payment of which the Principal and the Contractor’s Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

IN WITNESS WHEREOF, the Principal and Contractor’s Surety have hereunto affixed their corporate seals and caused this obligation to be signed by their duly authorized officers, as set forth below.

[SIGNATURES ON FOLLOWING PAGE]

CONTRACTOR (“Principal”):

Attest:

______________________ (signature) ______________________ (printed) Title: _________________ Date: __________________

Title: _________________________ (SEAL) Date: __________________________ Attest:

_____________________ (signature) _____________________ (printed) Title: ________________ Date: _________________

(ATTACH SURETY’S POWER OF ATTORNEY)

Performance Bond

SPALDING COUNTY WATER & SEWERAGE FACILITIES AUTHORITY

1. That if the Principal shall fully and completely perform each and all of the terms, provisions and requirements of the Contract, including and during the period of any warranties or guarantees required thereunder, and all modifications, amendments, changes, deletions, additions, and alterations thereto that may hereafter be made, and if the Principal and the Contractor’s Surety shall indemnify and hold harmless the Authority from any and all losses, liability and damages, claims, judgments, liens, costs and fees of every description, including but not limited to, any damages for delay, which the Authority may incur, sustain or suffer by reason of the failure or default on the part of the Principal in the performance of any and all of the terms, provisions, and requirements of the Contract, including all modifications, amendments, changes, deletions, additions, and alterations thereto, and any warranties or guarantees required thereunder, then this obligation shall be void; otherwise to remain in full force and effect;

1. In the event of a failure of performance of the Contract by the Principal, which shall include, but not be limited to, any breach or default of the Contract:

1. The Contractor’s Surety shall commence performance of its obligations and undertakings under this Bond no later than thirty (30) calendar days after written notice from the Authority to the Contractor’s Surety; and

1. The means, method, or procedure by which the Contractor’s Surety undertakes to perform its obligations under this Bond shall be subject to the advance written approval of the Authority.

CONTRACTOR (“Principal”):

By: __________________________ (signature)

__________________________ (print)

_____________________ (signature) _____________________ (print) Title: ________________ Date: _________________

CONTRACTOR’S SURETY:

_____________________ (signature) _____________________ (print) Title: ________________ Date: _________________

(ATTACH SURETY’S POWER OF ATTORNEY)