FAITHFUL_PERFORMANCE_BOND_FORM.pdf

PDF 58 KB Posted

Attached to
Water Quality Laboratory Autoclave
Solicitation number
2025-IFB-LM-0545
Issued by
Los Angeles County, Berkeley City, California

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Written by GovTribe AI ·

This is a Faithful Performance Bond form for the City of Pasadena, California, used to secure contract performance for vendors undertaking work on behalf of the municipality. The bond serves as a guarantee that the principal contractor will faithfully perform all labor, materials, equipment, transportation, and services as specified in the underlying contract with the City of Pasadena. The form includes blank fields for the principal's name, surety information, bond amount (in both words and figures), work description, execution date, and signatures from the principal, surety (typically the surety company president), City Clerk, and City Attorney. The bond remains in effect for the duration of the contract and is not released by alterations to the work, changes in materials, or extensions of time granted by the city. This standard bond document protects the city's interests by ensuring contractual obligations are met and provides recourse if the contractor fails to perform.

The bond form contains provisions that the surety waives notice of any contract modifications or time extensions, meaning the surety remains obligated regardless of changes to the original agreement terms. The form requires execution and approval by both city administrative officials and legal counsel before becoming effective. As applied to the Water Quality Laboratory Autoclave procurement by Pasadena Water and Power, this bond would be required from the selected vendor to guarantee proper furnishing, delivery, installation, and performance of the autoclave equipment and associated services at the facility located at 245 W. Mountain Ave. in Pasadena.

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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:
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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