FAITHFUL_PERFORMANCE_BOND_FORM.pdf
PDF 58 KB Posted
- Attached to
- City Security and Access Controls Upgrade
- Solicitation number
- 2023-IFB-LM-274
- Issued by
- Los Angeles County, California
About this file
This document is a Faithful Performance Bond form for the City of Pasadena, California, related to a City Security and Access Controls Upgrade project. The bond serves as a legal instrument guaranteeing that the principal contractor will fulfill all contractual obligations for the project, which involves updating the city yard's existing security and access control systems. The project specifically requires replacing outdated cameras and migrating them to a new Genetec Enterprise system, as well as updating current access control systems to ensure compatibility with the new technological infrastructure.
The performance bond outlines the financial commitment of the principal and surety, binding them to complete the project as specified in the contract. While specific dollar amounts are not filled in on this template document, the bond indicates that the principal will provide all necessary labor, materials, equipment, transportation, and services for the project. The bond includes provisions that any alterations or time extensions will not release the principal or surety from their obligations, providing the City of Pasadena with financial protection against potential contractor default or incomplete work.
View the file
Other files
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
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: |
File details come from the government source that posted it. Updated .