FAITHFUL_PERFORMANCE_BOND_FORM.pdf
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- Attached to
- Tree Trimming, Vegetation Management, and Emergency Response Services for Power Line Clearance
- Solicitation number
- 2025-IFB-LM-0407
- Issued by
- Los Angeles County, California
About this file
This document is a Faithful Performance Bond template for the City of Pasadena, California, which serves as a legal instrument to guarantee the performance of a contract. The bond is designed to ensure that a principal (contractor) will fulfill all contractual obligations related to a specific project in Pasadena, including providing labor, materials, equipment, transportation, and services. The bond obligates both the principal and a surety to be financially responsible if the contractor fails to complete the project as agreed.
The performance bond covers the full contract amount, which is left blank in this template, and includes provisions that the surety cannot be released from obligations even if there are alterations to the work or extensions of time. The bond will become void only if the principal fully completes all agreed-upon tasks in the contract. It requires signatures from the principal, surety, city clerk, and city attorney, demonstrating the legal and financial commitment to the project's successful completion.
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Text version
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: |
| and: |
| words and figures: |
| Given under our hands and sealed with our seals this_2: |
| day of_2: |
| undefined_3: |
| principal agrees to furnish all labor material equipment transportation and services for the: |
| undefined_4: |
| WITNESS our hands this: |
| day of_3: |
| Text12: |
| undefined_5: |
| Text13: |
| and_2: |
| Dated_2: |
| Surety: |
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