FAITHFUL_PERFORMANCE_BOND_FORM.pdf
PDF 58 KB Posted
- Attached to
- Towel Service
- Solicitation number
- 2026-IFB-LM-0340
- Issued by
- Los Angeles County, California
About this file
This is a Faithful Performance Bond form required by the City of Pasadena, California for contract performance. The bond document establishes a binding agreement between a principal contractor and surety, obligating them jointly and severally to the City of Pasadena in connection with the Towel Service contract. The principal agrees to furnish all labor, material, equipment, transportation, and services as specified in the underlying contract for shower towels and weekly towel service with the Pasadena Police Department. The bond remains in effect for the duration of the contract and ensures faithful performance of all agreed-upon obligations. The document permits contract alterations and time extensions without releasing either the principal or surety from their obligations, with notice requirements waived.
The bond amount is to be specified in both words and figures by the City of Pasadena and is sealed with official signatures from the principal, surety, City Clerk, and City Attorney. This performance bond serves as a financial guarantee that protects the City of Pasadena by ensuring the contractor completes the towel service work in accordance with contract terms and conditions. The bond is dated and executed with formal authorization from designated municipal officials.
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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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