FAITHFUL_PERFORMANCE_BOND_FORM_(3).pdf

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Attached to
Advanced Metering Infrastructure (AMI) System and Installation Services
Solicitation number
2026-RFP-0143
Issued by
Los Angeles County, California

About this file

Written by GovTribe AI ·

This is a Faithful Performance Bond form required by the City of Pasadena, California, for contractors entering into agreements with the municipality. The bond serves as a financial guarantee that the principal contractor will fulfill all obligations and deliverables specified in the underlying contract. In the context of the Advanced Metering Infrastructure (AMI) System and Installation Services project, the selected vendor must provide a comprehensive AMI solution including a vendor-hosted headend system, communications network, electric meters, water meters, water endpoints, and associated components. The contractor is responsible for field deployment, system integration with the City's Oracle C2M and Oracle Meter Data Management platforms, testing, commissioning, training, and go-live support to ensure full operational capability of the AMI infrastructure.

The Faithful Performance Bond requires the contractor to bind itself jointly and severally with a surety to guarantee performance of all contractual obligations. The bond remains in full force and effect regardless of any alterations to work scope or materials, as well as any extensions of time granted by the City, with notice of such modifications waived by the surety. The form is executed by the principal contractor and surety with seals and signatures, and must be approved by the City Clerk and City Attorney before the contract becomes effective. This bonding requirement ensures financial protection for the City of Pasadena should the contractor fail to perform or complete the AMI project in accordance with contract specifications and performance standards.

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FAITHFUL PERFORMANCE BOND

KNOW ALL MEN BY THESE PRESENTS:

THAT ____________________________________________ , as principal, and as surety, are held and firmly bound unto the City of Pasadena, a municipal corporation, in the just and full amount of

(words and figures) for the payment whereof we hereby bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

Given under our hands and sealed with our seals this day of , ________.

The condition of the foregoing obligation is such that, WHEREAS, the above-named principal is about to enter into a contract with the City of Pasadena whereby said principal agrees to furnish all labor, material, equipment, transportation and services for the_______________ in the City of Pasadena, California, as provided in said contract, which said contract is hereby referred to and made a part hereof to the same extent as if the same were herein specifically set forth;

NOW, THEREFORE, if the said principal shall well and truly do and perform all things agreed by it in said contract to be done and performed, then this obligation is to be void; otherwise to remain in full force and effect;

PROVIDED, that any alterations in the work to be done, or the material to be furnished, which may be made shall not in any way release the principal or the surety hereunder, nor shall any extensions of time granted release either the principal or the surety, and notice of such alterations or extensions of the contract is hereby waived by the surety.

WITNESS our hands this _________________ day of ____________________________ , 20___.

Principal

Dated

City Clerk

By

Assistant City Clerk

By _______________________________________________ NAME, President and

Surety

By

Approved as to Form City Attorney

By Assistant City Attorney

as principal:
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words and figures:
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principal agrees to furnish all labor material equipment transportation and services for the:
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WITNESS our hands this:
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Surety:

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