FAITHFUL_PERFORMANCE_BOND_FORM.pdf
PDF 58 KB Posted
- Solicitation number
- 2025-IFB-LM-0028
- Issued by
- Los Angeles County, California
About this file
This document is a Faithful Performance Bond template for a contract between an unspecified principal and the City of Pasadena, California. The bond serves as a legal guarantee that the principal will fulfill all contractual obligations related to a specific project involving labor, materials, equipment, transportation, and services within the city. The document outlines the conditions under which the bond will be void (upon successful contract completion) or remain in full force and effect (if contract terms are not met).
The bond includes provisions that any alterations to the work or materials, as well as any contract time extensions, will not release the principal or surety from their obligations. The document requires signatures from the principal, surety, city clerk, and city attorney, with spaces for specific details such as the project name, bond amount, and dates to be filled in at the time of execution. This standard legal form provides protection for the City of Pasadena by ensuring the contracted work will be completed as agreed, with financial recourse if the principal fails to meet the contract requirements.
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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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