FAITHFUL_PERFORMANCE_BOND_FORM.pdf

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Attached to
Authorized Kubota Service, Parts and Repair
Solicitation number
2026-IFB-LM-0410
Issued by
Los Angeles County, California

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Written by GovTribe AI ·

This is a Faithful Performance Bond form for the City of Pasadena, California, establishing a surety agreement between a principal contractor and the City to guarantee performance of an authorized Kubota service, parts, and repair contract. The bond requires the principal and surety to be jointly and severally bound to the City in a specified amount to ensure the contractor furnishes all labor, material, equipment, transportation, and services as outlined in the underlying contract. The bond remains in full force and effect unless the principal successfully completes all contracted obligations. The form includes standard provisions that alterations to the work or materials and extensions of time granted by the City do not release either the principal or surety from their obligations, with notice of such changes waived by the surety.

The bond is executed by the principal contractor and cosigned by a surety representative (typically President) and approved by the City's Assistant City Clerk and City Attorney or their designated assistants. Specific contract details including the bond amount (in words and figures), the contract description, and execution dates are to be completed on the form. This performance bond serves as financial assurance that the Kubota authorized service vendor will fulfill its five-year contract obligations to provide preventative maintenance, diagnostics, repairs, and OEM parts supply for the City's equipment beginning in Fiscal Year 2027.

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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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