Labor_and_Material_Payment_Bond.pdf
PDF 30 KB Posted
- Attached to
- ENG 26-11 M-106 COOPER STREET MAINTENANCE PAVING
- Solicitation number
- 2026-ENGINEERING-020
- Issued by
- Kalamazoo County, Huntington Woods City, Michigan
About this file
This is a Labor and Material Payment Bond form issued by the City of Jackson, Michigan for use on the M-106 Cooper Street Maintenance Paving project. The bond serves as a guarantee that the contractor will pay all subcontractors, laborers, material suppliers, and other parties furnishing labor or materials in connection with the contract work. The bond is required in compliance with Public Act No. 213 of the Public Acts of Michigan of 1963, as amended. The form is a template requiring completion with specific information including the contractor name, surety company name, bond amount, contract date, and project description. The bond remains in full force and effect regardless of any changes, alterations, modifications, or extensions to the underlying contract terms, with notice to the surety waived for such modifications.
The bond requires execution by authorized officers of both the principal (contractor) and surety, with the surety's execution requiring an attorney-in-fact with attached power of attorney documentation. The bond protects the City of Jackson and the State of Michigan by ensuring that all parties providing labor and materials on the Cooper Street paving project receive payment from the contractor. Completion of this bond is a mandatory requirement prior to contract award and commencement of the 0.724-mile cold milling and single-course HMA paving work on M-106 between North Street and Porter Street.
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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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