FAITHFUL_PERFORMANCE_BOND_FORM.pdf
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- Solicitation number
- 2026-IFB-LM-0335
- Issued by
- Los Angeles County, California
About this file
This is a Faithful Performance Bond form for the City of Pasadena, California, establishing a legal agreement between a principal contractor and surety to guarantee performance of work contracted by the City. The bond secures the contractor's commitment to furnish all labor, materials, equipment, transportation, and services required under a specific contract with the City of Pasadena. The form establishes that the bond remains in full force regardless of any alterations to the work or materials to be furnished, and notice of contract extensions or modifications does not release either the principal or surety from their obligations. The bond must be executed by the principal contractor and surety, with approval from the City Clerk and City Attorney, creating a binding obligation that becomes void only upon satisfactory completion of all contracted work and performance.
The bond amount is to be specified in both words and figures by the contracting parties and serves as a guarantee of faithful performance under the terms of the underlying contract. The form requires signatures from the principal contractor as president and the surety entity, along with City of Pasadena officials including the City Clerk, Assistant City Clerk, City Attorney, and Assistant City Attorney. This standard form obligates the surety to be jointly and severally liable with the principal contractor, ensuring the City of Pasadena has financial recourse should the contractor fail to complete the required work or breach the contract terms.
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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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