FAITHFUL_PERFORMANCE_BOND_FORM.pdf
PDF 58 KB Posted
- Attached to
- Baseball Field Netting
- Solicitation number
- 2024-IFB-LM-0595
- Issued by
- Los Angeles County, California
About this file
The document is a Faithful Performance Bond form for the City of Pasadena, California, specifically related to a baseball field netting project for the Department of Parks, Recreation and Community Services - Parks Division. The bond serves as a legal instrument guaranteeing that the principal contractor will complete the specified work, which involves extending existing field netting 20 feet vertically from the top of the post. The contract period is set from August 1, 2024, to June 30, 2025, with the award to be based on the lowest price submitted by a vendor.
The performance bond outlines the financial obligation of the principal and surety, binding them to the City of Pasadena for the full and faithful execution of the contract. While specific pricing details are not provided in this document, the bond ensures that the contractor will provide all necessary labor, materials, equipment, transportation, and services for the project. The bond also includes provisions that any alterations or time extensions will not release the principal or surety from their obligations, providing additional protection for the City of Pasadena in the execution of the baseball field netting project.
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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
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| Given under our hands and sealed with our seals this_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: |
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File details come from the government source that posted it. Updated .