MATERIAL_AND_LABOR_BOND_FORM.pdf

PDF 59 KB Posted

Attached to
Authorized Caterpillar Service, Repair and OEM Parts
Solicitation number
2026-IFB-LM-0409
Issued by
Los Angeles County, California

About this file

Written by GovTribe AI ·

This is a Material and Labor Bond Form for the City of Pasadena, California, required for contractors entering into service agreements with the municipality. The bond serves as a financial guarantee that the principal contractor and any subcontractors will pay for all materials, labor, equipment, transportation, and services provided during contract performance. The bond protects the City of Pasadena and any parties entitled to file claims under California Civil Code Section 9100 et seq., ensuring payment for labor, materials, and amounts due under the Unemployment Insurance Act. The bond amount is to be specified by the contracting parties and remains in effect regardless of any alterations to the work, changes in materials, or extensions of time granted during the contract term. The surety must comply with Chapter 2.350 of the Pasadena Municipal Code (Ordinance No. 6229) and is required to execute the bond with proper signatures and seals from both the principal and surety representatives, including the President of the Surety company and approval by the City Attorney's office.

The bond structure includes provisions allowing for attorney's fees to be fixed by the court in the event of a claim or lawsuit. The document requires certification that the surety has met all municipal compliance requirements and must be properly witnessed and dated by authorized representatives of both the principal and surety entities. This form is a standard requirement for the City of Pasadena's contracting process and applies to all service contracts, including the established vendor agreement for authorized Caterpillar equipment service, repair, maintenance, and OEM parts expected to commence in Fiscal Year 2027.

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MATERIAL AND LABOR BOND

KNOW ALL MEN BY THESE PRESENTS:

THAT __________________________________________________ _, as principal, and _______________________________________________________________________ as surety, are held and firmly bound unto the City of Pasadena, a municipal corporation, in the just and full amount of

(words and figures) for the payment whereof we hereby bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

Given under our hands and sealed with our seals this day of , ________.

The condition of the foregoing obligation is such that, WHEREAS, the above-named principal is about to enter in a contract with the City of Pasadena whereby said principal agrees to furnish all labor, material, equipment, transportation and services for the __________________________________ ____________________________________________________________________, in the City of Pasadena, California, as provided in said contract, which said contract is hereby referred to and made a part hereof to the same extent as if the same were herein specifically set forth;

NOW, THEREFORE, if the said principal or its subcontractors fail to pay for any materials, provisions, provender or other supplies, or teams used in, upon, for or about the performance of said work contracted to be done, or for any work or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to such work or labor, the surety will pay for the same in an amount not exceeding the sum herein above specified, and in case suit is brought hereon, a reasonable attorney's fee to be fixed by the Court, otherwise this bond shall be void and of no effect;

PROVIDED, that any alterations in the work to be done, or the material to be furnished, which may be made shall not in any way release the principal or the surety hereunder, nor shall any extensions of time granted release either the principal or the surety, and notice of such alterations or extensions of the contract is hereby waived by the surety.

This bond shall inure to the benefit of any and all persons entitled to file claims under Section 9100 et seq. of the Civil Code of the State of California, and shall give a right of action to such persons or their assigns in any suit brought upon this bond.

WITNESS our hands this _________________ day of ____________________________ , 20___.

Principal

Surety on this bond has complied with Chapter 2.350 of the Pasadena Municipal Code (Ordinance No. 6229)

Dated

City Clerk

By

Assistant City Clerk

NAME, President and

Surety

Approved as to Form City Attorney

Assistant City Attorney

as principal and:
Given under our hands and sealed with our seals this:
undefined:
furnish all labor material equipment transportation and services for the:
in the City of Pasadena California as:
WITNESS our hands this 1:
WITNESS our hands this 2:
day of:
Dated:
By_2:
and 1:
and 2:
Text8:
Text9:
Text10:
Text11:

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