Labor_and_Material_Payment_Bond.pdf
PDF 30 KB Posted
- Solicitation number
- 2026-ENGINEERING-038
- 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, designed to ensure contractors and their sureties fulfill payment obligations to subcontractors and material suppliers. The bond is executed between the principal (contractor), surety (bonding company), and the City of Jackson as the obligee, with the bond amount to be specified based on the underlying contract value. The bond applies to the street tree purchase and planting project (ENG 25-04C) for Spring 2027, which requires the contractor to furnish, deliver, plant, maintain, and guarantee approximately 200 street trees across a minimum of 15 species. The contract may be renewed for up to two additional planting seasons (Fall 2027 and Spring 2028) upon mutual agreement, with each renewal including a potential cost-of-living adjustment of up to 3 percent.
The bond is conditioned on the principal's obligation to pay all indebtedness arising from labor performed and materials furnished in connection with the contract work. The bond remains in full force and effect regardless of any changes, alterations, modifications, or time extensions granted by the City of Jackson, with notice to the surety waived for such modifications. The bond must be executed and sealed by authorized officers of both the principal contractor and surety, with a power of attorney from the surety's attorney-in-fact attached as required documentation. This bond instrument complies with Michigan Public Act No. 213 of 1963, as amended, and serves as a protective mechanism for the City of Jackson and the State of Michigan to ensure all labor and material payment obligations are satisfied.
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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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