FAITHFUL_PERFORMANCE_BOND_FORM.pdf
PDF 58 KB Posted
- Attached to
- Speed Table and Temporary Median Furnishment and Installation on Concrete Roadway Surface
- Solicitation number
- 2024-IFB-LM-0200
- Issued by
- Los Angeles County, California
About this file
This document is a Faithful Performance Bond form issued by the City of Pasadena, California, for a public infrastructure project involving traffic calming improvements. The bond relates to a contract for procuring and installing nine (9) speed tables and up to 400 feet of temporary vertical median treatment along North Raymond Avenue between Montana Street and Washington Boulevard. The project specifies speed tables that are 40 feet wide, 18 feet long, and 3 to 3.5 inches tall, along with median separators approximately 6 inches tall and 1 foot long, designed to prevent U-turns near a school zone. The materials are intended to be temporary (rubber or plastic) with an anticipated lifespan of two to five years.
The performance bond ensures the principal contractor will fulfill all contractual obligations for the project, with the City of Pasadena as the obligee. The bond covers all labor, materials, equipment, transportation, and services required for the project, and includes provisions that any alterations or time extensions will not release the principal or surety from their responsibilities. The bond serves as a financial guarantee that the contractor will complete the work as specified, protecting the city's interests and ensuring proper project 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: |
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| Given under our hands and sealed with our seals this_2: |
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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: |
File details come from the government source that posted it. Updated .