FAITHFUL_PERFORMANCE_BOND_FORM.pdf
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- Solicitation number
- 2023-IFB-LM-737
- Issued by
- Los Angeles County, California
About this file
This document is a Faithful Performance Bond form for the City of Pasadena, California, which serves as a legal guarantee for a contract between the city and a principal contractor. The bond ensures that the principal will fulfill all contractual obligations for a specific project, covering all labor, materials, equipment, transportation, and services as specified in the associated contract. The form provides a standard template for securing the performance of a municipal contract, with spaces to be filled in with specific project details, contractor information, and bond amount.
The performance bond includes provisions that the surety will remain liable even if there are alterations to the work or extensions of time, without releasing the principal or surety from their obligations. The document is designed to protect the City of Pasadena's interests by ensuring that the contracted work will be completed as agreed, with financial recourse if the principal fails to meet the contract requirements. While the specific project details are not filled in on this form, it is part of the procurement process for the Cohesity C2500 Backup Appliance Hardware EOL Refresh and C6045 Renewal project, which involves replacing end-of-life backup servers for the city's virtual servers and premises surveillance systems.
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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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