Labor_and_Material_Payment_Bond.pdf
PDF 30 KB Posted
- Attached to
- ENG 26-08 Monkey Run Interceptor Rehabilitation
- Solicitation number
- 2026-ENGINEERING-006
- Issued by
- Kalamazoo County, Huntington Woods City, Michigan
About this file
This is a Labor and Material Payment Bond template issued by the City of Jackson, Michigan for use on construction contracts. The bond serves as a guarantee that the principal contractor will pay all subcontractors, laborers, and material suppliers for work and materials furnished in connection with a construction project. The bond is executed in compliance with Michigan Public Act No. 213 of 1963, as amended, and binds the contractor and surety jointly and severally to the City of Jackson and the State of Michigan. The bond amount, contractor name, surety name, contract date, and project description are to be completed based on the specific contract to which it applies. For the related ENG 26-08 Monkey Run Interceptor Rehabilitation project, the work involves rehabilitation of approximately 4,400 linear feet of 60-inch and 66-inch brick sanitary sewer through chemical grouting, cementitious grouting, masonry repointing, brick repair, and root and debris removal along a specified route through Jackson, Michigan residential areas and under Jackson High School property.
The bond document stipulates that the contractor's obligation remains in full force and effect regardless of any changes, alterations, modifications, time extensions, or forbearance granted by the owner, with notice to the surety being waived. The bond is structured as a unilateral obligation where the contractor and surety remain liable for payment of all indebtedness arising from the contract work. The document requires execution by authorized officers of both the principal contractor and surety, with the surety's signature to be made by an attorney-in-fact with a power of attorney attached. This bond template establishes the financial security mechanism required to protect workers and material suppliers on the Monkey Run Interceptor Rehabilitation project in Jackson, Michigan.
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Text version
BOND NO.
LABOR AND MATERIAL PAYMENT BOND
KNOW ALL MEN BY THESE PRESENTS, that we, ______________________________________, Contractor, hereinafter called Principal, and
_________________________________________________________________hereinafter called the Surety, are held and firmly bound unto THE CITY OF JACKSON, MICHIGAN, 161 West
Michigan Avenue, Jackson, Michigan 49201, hereinafter called the Owner, and the State of
Michigan in the sum of ______________________________________________________ to the payment whereof, well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents.
Sealed with our seals and dated this ____________ day of ____________, _______.
WHEREAS, the above named Principal has entered into a certain contract with THE CITY
OF JACKSON, MICHIGAN, 161 West Michigan Avenue, Jackson, Michigan 49201, Owner, dated the ________________ day of ______________, _______ for
___________________________________ which contract and the specifications for said work shall be deemed a part hereof as fully as if set out herein and is hereinafter referred to as the
Contract.
AND WHEREAS, this bond is given in compliance with and subject to the provisions and conditions of Public Act No. 213 of the Public Acts of Michigan of 1963, as amended.
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that if the above named Principal, legal representatives, or successors shall pay or cause to be paid to all subcontractors, persons, firms and corporations as the same may become due and payable, all indebtedness which may arise from said Principal to a subcontractor or any party performing labor or materials furnished in connection with the Contract, construction, and work herein referred to, then this obligation shall be void; otherwise to remain in full force and effect.
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Jackson Labor and Material Payment Bond (Page 1 of 2)
AND PROVIDED, that any changes, alterations, or modifications which may be made in the terms of said Contract, or in the work to be done under it, or in the event that the said Owner shall grant any extension of time for the performance of said contract or otherwise modify any elements of the Contract, or any forbearance on the part of either party to the other shall not in any way release in Principal and Surety, or either of them, their heirs, executors, administrators, successors or assigns, from any liability hereunder, notice to the Surety of any such changes, alterations, modifications, extensions or forbearance being hereby waived.
IN WITNESS THEREOF, the parties hereto have caused this instrument to be executed by their respective authorized officers this ____________ day of ______________, _______.
WITNESS:
Principal
By
Title
WITNESS:
Surety
By Attorney-in-fact
ATTACH POWER OF ATTORNEY
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Jackson Labor and Material Payment Bond (Page 2 of 2)
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