FAITHFUL_PERFORMANCE_BOND_FORM.pdf
PDF 58 KB Posted
- Attached to
- Pickleball Court Resurfacing
- Solicitation number
- 2023-IFB-LM-671
- Issued by
- Los Angeles County, California
About this file
This document is a Faithful Performance Bond form issued by the City of Pasadena, California, which serves as a standard legal instrument guaranteeing a contractor's faithful performance of a specific project. The bond relates to a pickleball court resurfacing project involving the City of Pasadena's Department of Parks, Recreation and Community Services, which seeks to resurface four (4) pickleball courts. The bond ensures that the principal contractor will complete all contractual obligations, including providing labor, materials, equipment, transportation, and services as specified in the associated contract.
The performance bond form provides a financial guarantee to the City of Pasadena, with the total bond amount to be specified on the document. The bond remains in full force and effect unless the principal fully completes all contractual requirements, and it includes provisions that any alterations to the work or contract extensions will not release the principal or surety from their obligations. The document includes signature lines for the principal contractor, surety company, city officials, and legal representatives, indicating the formal and legally binding nature of the performance guarantee for the pickleball court resurfacing project.
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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: |
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| and_2: |
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| Surety: |
File details come from the government source that posted it. Updated .