FAITHFUL_PERFORMANCE_BOND_FORM.pdf
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- Solicitation number
- 2026-IFB-LM-0420
- Issued by
- Los Angeles County, California
About this file
This is a Faithful Performance Bond form required by the City of Pasadena for a contract related to authorized Dodge, RAM, Chrysler, and Jeep vehicle service, repair, maintenance, and OEM parts. The bond document establishes a binding obligation between a principal contractor and surety to guarantee performance of all labor, materials, equipment, transportation, and services as specified in the underlying service contract with the City of Pasadena. The form confirms that the principal will fulfill all contractual obligations, including preventative maintenance, diagnostics, repairs, and parts supply for the City's fleet vehicles used across multiple departments including Transportation, Police, Public Works, Water and Power, and Fire. The bond remains in full force regardless of any alterations to the work, materials, or contract extensions, with notice of such changes waived by the surety.
The bond amount is to be filled in by the contracting parties based on the specific contract value. The document requires execution by both the principal contractor and authorized surety representative, with approval by the City Clerk and City Attorney. This faithful performance bond serves as a financial guarantee mechanism to protect the City of Pasadena against contractor default or failure to complete the authorized vehicle service and repair work as contracted.
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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: |
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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: |
| Text12: |
| undefined_5: |
| Text13: |
| and_2: |
| Dated_2: |
| Surety: |
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