FAITHFUL_PERFORMANCE_BOND_FORM.pdf
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- Solicitation number
- 2025-IFB-LM-0553
- Issued by
- Los Angeles County, Berkeley City, California
About this file
This is a Faithful Performance Bond form for the City of Pasadena, California, required for contractors entering into municipal contracts with the city. The bond serves as a guarantee that the principal contractor will satisfactorily complete all work, labor, materials, equipment, transportation, and services as specified in the underlying contract. The form is designed to bind the principal and surety jointly and severally to the City of Pasadena for the full contract amount. The bond remains in effect throughout the contract term and continues to apply even if the contract is altered or extended, with notice of such modifications waived by the surety. Contract modifications, material changes, and time extensions do not release either the principal or surety from their obligations under the bond.
The bond form requires completion of specific fields including the principal's name, the bond amount in both words and figures, the contract description and scope of work, execution date, and authorized signatures from both the principal and surety. Approval authority is required from the City Clerk's office and the City Attorney's office. This faithful performance bond is a standard requirement for municipal contracts in Pasadena and ensures that the city has recourse against both the contractor and the surety if the contractor fails to perform its contractual obligations or abandons the work.
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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: |
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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: |
| day of_3: |
| Text12: |
| undefined_5: |
| Text13: |
| and_2: |
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| Surety: |
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