Exhibit M Performance Bond Form.pdf
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- Solicitation number
- S-R33123-00018104
- Issued by
- Wasco County, Oregon
About this file
This is a Performance Bond Form for RFP No. 2026004, a Fiber to the Premises (FTTP) Fiber Optic Construction Services project issued by the Northern Wasco County People's Utility District in Oregon. The performance bond must be executed by the selected contractor and a surety company authorized to conduct business in Oregon. The bond guarantees faithful performance of all contract terms, covenants, and conditions, including compliance with defective work claims made within five years following completion and acceptance of the work. The contractor and surety are jointly and severally bound to reimburse the owner for any losses or damages resulting from contractor failure or default. The surety waives notice of any changes, extensions of time, alterations, or additions to the contract terms and work specifications.
The performance bond amount must equal 100 percent of the total contract price, with the specific dollar amount to be filled in upon contract execution. The surety must be licensed in the State of Oregon and appear on the current list of Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and Acceptable Reinsuring Companies, as published in U.S. Treasury Department Circular 570. All bonds executed by an agent on behalf of the surety must be accompanied by a certified copy of the agent's authority to act at the time of bond signing. The form provided is the mandatory template that contractors must use; surety company forms are not acceptable.
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Text version
Fiber to the Premises (FTTP) - Fiber Optic Construction Services RFP No.: 2026004
EXHIBIT M
PERFORMANCE BOND
(100% of Contract Price)
RFP NO: 2026004
FIBER TO THE PREMISES (FTTP) - FIBER OPTIC CONSTRUCTION SERVICES
(Note: Contractor must use this form, NOT a surety company form.)
PERFORMANCE BOND
BOND NO. _______________________
AMOUNT: $______________________
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, hereinafter called the CONTRACTOR (Principal), and a corporation duly authorized to do a general surety business in the State of Oregon, hereinafter called SURETY, are held and firmly bound unto NORTHERN WASCO COUNTY PEOPLE’S
UTILITY DISTRICT, hereinafter called the OWNER (Obligee), in the sum of
___________________________________________________________ DOLLARS
($_______________________) to be paid to the OWNER, for which sum of money will truly be paid, we bind ourselves and our successors and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION IS SUCH THAT:
WHEREAS, the CONTRACTOR has executed and entered into a certain contract, hereto attached, with the OWNER, dated ______________________, for:
If the CONTRACTOR shall faithfully perform all the terms, covenants, and conditions of the
Contract Documents, to be by such CONTRACTOR performed, and shall honor all claims for defective work made within 5 years after the completion and acceptance of the work under this
Fiber to the Premises (FTTP) - Fiber Optic Construction Services RFP No.: 2026004
Contract (which 5-year period shall expire on the expiration of the warranty period defined in the
GENERAL CONDITIONS), and shall pay over, make good and reimburse to the OWNER, all loss or damage which the OWNER may sustain by reason of failure or default on the part of
CONTRACTOR, then this obligation shall be void; otherwise it shall be and remain in full force and effect.
PROVIDED, HOWEVER, that the SURETY, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the Contract
Documents or to the work to be performed thereunder shall in any way affect its obligation on this Bond, and it does hereby waive notice of any such change, extension of time, alteration, or addition to the terms of the Contract Documents.
Signed and sealed this _____ day of , 20 ____.
CONTRACTOR
By ____________________________ (Seal)
Attest SURETY
By____________________________ (Seal)
Attest
APPROVED AS TO FORM: _______________________, 20 _______
By____________________________
NOTE: The SURETY named on this bond shall be one who is licensed to conduct business in the State of Oregon and named in the current list of Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies, as published in Circular 570 (amended) by the Audit Staff Bureau of Accounts, U.S. Treasury Department.
All bonds signed by an agent must be accompanied by a certified copy of the authority to act for the SURETY at the time of the signing of this bond.
END OF SECTION
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