FAITHFUL_PERFORMANCE_BOND_FORM.pdf

58 KB Posted

Attached to
Modular Offices/Trailers for Police Range
Solicitation number
2026-IFB-LM-0466
Issued by
Los Angeles County, California

About this file

Written by GovTribe AI ·

This is a Faithful Performance Bond form for the City of Pasadena, California, establishing the contractual surety requirements for vendors entering into agreements with the municipality. The bond serves as a guarantee that the principal contractor will complete all work and furnish all labor, materials, equipment, transportation, and services as specified in the underlying contract. In this instance, the bond relates to the procurement of three modular office units/trailers for the Pasadena Police Department, which will provide additional workspace to support departmental operations. The bond remains in full force and effect unless the principal satisfactorily performs all obligations under the contract. The form permits contract alterations and time extensions without releasing either the principal or surety from their obligations, and notice of such modifications is waived by the surety.

The bond amount is to be specified by the City of Pasadena in words and figures at the time of contract execution. The form requires signatures from both the principal contractor and the surety, along with approval from the City Clerk and City Attorney's office. The bond is executed under seal and becomes effective as of the date specified on the form. This performance bond protects the City of Pasadena by ensuring financial recourse and contractual compliance should the selected vendor fail to deliver the modular office units according to specifications or fail to complete the installation requirements for the police range facility.

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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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