FAITHFUL_PERFORMANCE_BOND_FORM.pdf
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- Attached to
- Installation of Ductile Iron Water Mains in Villa Street and Colorado Boulevard - WD-26-03
- Solicitation number
- 2026-IFB-LM-0221
- Issued by
- Los Angeles County, California
About this file
This is a Faithful Performance Bond form for the City of Pasadena, California, required for the Installation of Ductile Iron Water Mains project designated WD-26-03. The bond is executed by a principal and surety and binds both parties to the City of Pasadena for the full and faithful performance of all work, labor, materials, equipment, transportation, and services specified in the underlying contract for water main installation on Villa Street from Hill Avenue to Palo Verde Avenue and Colorado Boulevard from Patrician Way to Melrose Avenue in Pasadena, California. The form requires completion of the bond amount in both words and figures, execution with date and seal, and signatures from the principal, surety (identified as President), City Clerk, and City Attorney or their designees. The bond remains in full force and effect unless the principal completes all contracted work and obligations as agreed.
The bond form includes standard provisions that alterations to work or materials furnished do not release either the principal or surety from their obligations, and that extensions of time granted for contract performance do not relieve either party of their bond commitments. Notice of such alterations or extensions is waived by the surety, establishing a comprehensive guarantee of contract performance regardless of modifications to the original scope or timeline.
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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: |
| undefined_3: |
| principal agrees to furnish all labor material equipment transportation and services for the: |
| undefined_4: |
| WITNESS our hands this: |
| day of_3: |
| Text12: |
| undefined_5: |
| Text13: |
| and_2: |
| Dated_2: |
| Surety: |
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