Labor_and_Material_Payment_Bond.pdf
PDF 30 KB Posted
- Attached to
- 701 Orange St - Electrical to Code
- Solicitation number
- 2026-COMMUNITY DEVELOPMENT-053
- Issued by
- Kalamazoo County, Huntington Woods City, Michigan
About this file
This document is a Labor and Material Payment Bond template issued by the City of Jackson, Michigan, for use in connection with construction contracts. The bond is required under Michigan Public Act No. 213 of 1963, as amended, and serves as a financial guarantee that the principal contractor will pay all subcontractors, laborers, and material suppliers for work and materials furnished in connection with the contract. The bond protects the City of Jackson and the State of Michigan by ensuring that all parties involved in the project receive payment for their contributions. The bond amount, contractor name, surety company, contract date, and project description are to be filled in on the blank lines provided in the document. The bond remains in effect regardless of any changes, alterations, modifications, extensions of time, or forbearance granted by either party to the contract, and notice to the surety of such changes is waived.
The bond requires execution by authorized representatives of both the principal contractor and the surety company, with the surety's attorney-in-fact providing a power of attorney attachment. This standard form protects the City of Jackson's Community Development Department in its role overseeing repairs to program-qualified homeowners through competitive sealed bidding processes. No specific pricing terms, set-asides, funding sources, or renewal options are detailed in this bond template, as those elements are addressed in the underlying contract documents to which this bond is attached.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 701_Orange_St_-_Electrical_to_Code.pdf | ||
| Performance_Bond.pdf | ||
| Maintenance_and_Guarantee_Bond.pdf | ||
| All_Services_Sample_Contract_.docx | DOCX document |
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
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.
B-3
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
B-4
Jackson Labor and Material Payment Bond (Page 2 of 2)
File details come from the government source that posted it. Updated .