FAITHFUL_PERFORMANCE_BOND_FORM.pdf

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Attached to
REVERSE OSMOSIS, DEGASIFICATION AND ION EXCHANGE SYSTEM SUPPORT SERVICES
Solicitation number
2026-IFB-LM-0055
Issued by
Los Angeles County, California

About this file

Written by GovTribe AI ·

This is a Faithful Performance Bond form for the City of Pasadena, California, establishing a binding agreement whereby a principal and surety guarantee complete performance of a contract with the City of Pasadena. The form serves as security for the Reverse Osmosis, Degasification and Ion Exchange System Support Services contract at the Glenarm Power Plant, requiring the principal to furnish all labor, material, equipment, transportation, and services as specified in the underlying contract. The bond remains in full force regardless of any alterations to the work, changes in materials to be furnished, or extensions of time granted by the City, with notice of such modifications waived by the surety. The form must be completed with the principal's and surety's names, the bond amount in words and figures, the specific scope of work description, execution date, and signatures of the principal and surety representatives, along with approval by the City Clerk and City Attorney.

The Faithful Performance Bond represents a standard requirement for the Pasadena water treatment system support services contract, which mandates 100% performance bonds and 100% labor and materials bonds from all successful bidders. Bidders must also submit a separate bid bond in the amount of five percent of the total bid price. The bond protects the City by ensuring contractual obligations are fulfilled and provides recourse in the event of non-performance. Sealed bids for this competitive procurement are due by 2:00 p.m. on February 27, 2026, with the contract term set for three years from execution with no optional renewal periods. Award will be made to the lowest responsive and responsible bidder, with all bids remaining open for a minimum of 180 calendar days from the date of opening.

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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:
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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:
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Text13:
and_2:
Dated_2:
Surety:

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