FAITHFUL_PERFORMANCE_BOND_FORM.pdf
PDF 58 KB Posted
- Attached to
- Baseball Netting
- Solicitation number
- 2024-IFB-LM-0216
- Issued by
- Los Angeles County, Berkeley City, California
About this file
This document is a Faithful Performance Bond form issued by the City of Pasadena in California, designed to provide financial assurance for a specific contract. The bond relates to a Baseball Netting project for the Department of Parks, Recreation and Community Services - Parks Division, with the principal agreeing to furnish all necessary labor, materials, equipment, transportation, and services for the project. The bond ensures the contractor will perform all agreed-upon work as specified in the contract, with the bond amount to be determined and filled in at the time of execution.
The performance bond includes critical provisions that protect the City of Pasadena's interests, such as maintaining the bond's full force and effect even if there are alterations to the work or extensions of time granted. The surety explicitly waives notice of any contract modifications and remains liable for the contractor's performance. While specific pricing details are not outlined in this document, the bond serves as a financial guarantee that the contractor will complete the Baseball Netting project as specified, with the contract term anticipated to run from April 2024 to June 2024, and award based on the lowest price submitted.
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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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| words and figures: |
| 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: |
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| Surety: |
File details come from the government source that posted it. Updated .