FAITHFUL_PERFORMANCE_BOND_FORM.pdf
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- Solicitation number
- 2026-IFB-LM-0437
- Issued by
- Los Angeles County, California
About this file
This is a Faithful Performance Bond Form associated with the City of Pasadena Department of Public Works' solicitation for Authorized Allison Transmission Service, Repair, Maintenance and OEM Parts. The bond form establishes the requirements for performance security that bidders must provide to guarantee fulfillment of contractual obligations. The contract opportunity itself involves providing comprehensive transmission services for the City's fleet of medium and heavy-duty vehicles equipped with Allison transmissions, including preventative maintenance, diagnostics, repairs, rebuilds, and parts supply on an as-needed basis. The contract term is five years commencing in Fiscal Year 2027, establishing an ongoing vendor relationship to support the City's fleet management operations.
The performance bond form outlines the financial and legal mechanisms required to ensure contractor compliance with all contract terms and conditions. As a formal bond document, it specifies the obligations of the principal (contractor), obligee (City of Pasadena), and surety, establishing the conditions under which the bond may be called upon to protect the City's interests. Bidders selected for this opportunity will be required to execute a faithful performance bond prior to contract award, which serves as a guarantee that the vendor will perform all work according to specifications and contractual requirements throughout the five-year service period.
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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: |
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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: |
| day of_3: |
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| Surety: |
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