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 for the City of Pasadena, California, designed to secure contractor performance on municipal contracts. The bond requires a principal and surety to guarantee that all labor, materials, equipment, transportation, and services specified in the underlying contract will be completed in accordance with the City of Pasadena's requirements. The form establishes a binding obligation where the surety remains liable even if contract modifications, alterations to work scope, or time extensions are granted, with the surety waiving notice of such changes. The bond becomes void upon successful completion of all contracted work and remains in full force if the principal fails to perform.
The form requires completion of specific details including the principal's name, surety identification, the bond amount in both words and figures, the project description, execution date, and signatures from authorized representatives of both the principal and surety. Approval authority rests with the City Attorney's office, and the document must be executed and dated before the contract commences. No specific bond amount is stated in the template itself, though for the related Reverse Osmosis, Degasification and Ion Exchange System Support Services contract, a performance bond equal to 100% of the total bid price is required, with the contract value potentially referenced in an Industrial Wastewater Discharge Permit at $18,000, though no definitive budget or award value is specified in the procurement solicitation.
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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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