FAITHFUL_PERFORMANCE_BOND_FORM.pdf
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- Solicitation number
- 2026-IFB-LM-0055
- Issued by
- Los Angeles County, California
About this file
This is a Faithful Performance Bond form issued by the City of Pasadena, California, to be executed by a contractor and surety in connection with a contract for Reverse Osmosis, Degasification and Ion Exchange System Support Services at the City's Glenarm Power Plant. The bond guarantees that the principal contractor will faithfully perform all labor, materials, equipment, transportation, and services required under the related contract with the City of Pasadena. The bond amount is to be determined and inserted by the parties, with the obligation remaining in full force and effect unless the contractor successfully completes all contractual obligations. The form permits alterations to the work or materials and extensions of time without releasing either the principal or surety from their bond obligations, with notice of such modifications waived by the surety.
The bond form requires execution by the principal contractor, a surety company representative (identified as President), the City Clerk or Assistant City Clerk, and the City Attorney or Assistant City Attorney. No specific bond amount, contract term, or pricing information is detailed within this form itself, as the Faithful Performance Bond serves as a standard guarantee instrument separate from the underlying service contract. The form is a standard bonding document intended to protect the City of Pasadena by ensuring contractor performance of the water purification support services at the Glenarm Power Plant.
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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: |
| Dated_2: |
| Surety: |
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