Labor_and_Material_Payment_Bond.pdf
PDF 30 KB Posted
- Solicitation number
- 2026-COMMUNITY DEVELOPMENT-036
- Issued by
- Kalamazoo County, Huntington Woods City, Michigan
About this file
This is a Labor and Material Payment Bond document related to the City of Jackson Community Development Department's competitive sealed bid solicitation for repairs to program-qualified homeowners in Michigan, specifically for a project at 626 N East St involving installation of a new furnace, A/C unit, and water heater. The bond document establishes the financial security requirements and obligations for contractors bidding on this residential repair project. All bidders must maintain Sam.gov registration, possess proper licensing, and obtain required permits prior to project execution. The project is awarded to the qualified lowest bidder meeting all specified requirements and qualifications.
The Labor and Material Payment Bond serves as a guarantee that the contractor will pay all laborers, material suppliers, and other service providers involved in the project execution. This bond protects the homeowner and subcontractors by ensuring payment obligations are met throughout the project lifecycle. The specific bond amount, payment terms, and surety requirements are defined within the bond document to ensure financial accountability and project completion. Contractors must understand their obligations under this bond as a condition of bid submission and project award for this home improvement initiative.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 626_N_EAST_ST_-_NEW_FURNACE,_A_C_UNIT_&_WATER_HEATER.pdf | ||
| 626_N_East_F19_-_FURNACE_-_REPLACE.docx | DOCX document | |
| Performance_Bond.pdf | ||
| Maintenance_and_Guarantee_Bond.pdf | ||
| All_Services_Sample_Contract_.docx | DOCX document |
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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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