FAITHFUL_PERFORMANCE_BOND_FORM.pdf

PDF 58 KB Posted

Attached to
On-Call Light & Medium Duty Vehicle Towing, Recovery, and Drive Away Services
Solicitation number
2025-IFB-LM-0035
Issued by
Los Angeles County, California

About this file

Written by GovTribe AI ·

This is a Faithful Performance Bond form utilized by the City of Pasadena for the on-call light and medium duty vehicle towing, recovery, and drive-away services contract. The bond form establishes a binding obligation between the principal contractor, surety, and the City of Pasadena to ensure faithful performance of all contractual requirements. The form requires completion of the principal's and surety's names, the bond amount in both words and figures, and specific reference to the scope of work being performed. The bond obligates the principal to furnish all labor, material, equipment, transportation, and services as specified in the underlying contract. The document includes standard provisions allowing for alterations to work scope and extensions of time without releasing either the principal or surety from their obligations, with notice requirements waived by the surety.

The bond form requires execution by the principal and surety with signatures, seals, and dates, along with approval from the City Clerk and City Attorney offices. Notably, according to the related contract opportunity documentation, the City of Pasadena has waived both performance and labor and materials bonds for this solicitation, indicating that while this bond form template exists, it will not be required for responsive bids submitted for the vehicle towing and recovery services contract. This bond waiver represents a streamlined procurement approach for this particular solicitation.

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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:

File details come from the government source that posted it. Updated .