Payment_Bond.docx
DOCX document 28 KB Posted
- Solicitation number
- 4517
- Issued by
- Los Angeles County, San Francisco City, California
About this file
This is a Payment Bond document for the City of Santa Monica related to HVAC system upgrades at the Moss Avenue Pumping Station (MAPS). The payment bond secures performance of a contract for furnishing and installing a new HVAC system, including a Model TUHYE0964AN41AN outdoor condensing unit with 96,000 BTU/H cooling and 108,000 BTU/H heating capacity paired with a Model TPEFYP072MH140A indoor fan coil unit, along with associated ductwork, piping, electrical conduit, and connections. A mandatory job walk is scheduled for March 31, 2026, at 10:00 AM; vendor questions are due by April 7, 2026, at 3:00 PM Pacific Time with responses posted by April 14, 2026; and electronic bid submissions are due by April 21, 2026, at 3:00 PM Pacific Time. The contract encompasses the full duration of project completion with no renewal options. Award decisions will be based on cost, quality, contractor capability, financial resources, experience, character, reputation, and ability to provide future maintenance.
The payment bond amount equals 100 percent of the contract proposal amount, with successful bidders required to secure this bond prior to project execution. All workers on the project must be paid according to prevailing wage schedules established under California Labor Code sections 1770 et seq., with contractors required to register the determination with the Department of Industrial Relations. Bidders must hold California contractor licenses including C-10 (electrical), C-20 (HVAC), and EPA 608 certification for refrigerant handling. Minimum insurance requirements include $1,000,000 Commercial General Liability coverage on an occurrence basis with the City named as additional insured, $1,000,000 Automobile Liability, and Workers' Compensation coverage with statutory limits and Employers' Liability Insurance of $1,000,000 per accident. All policies must be issued by insurers authorized to conduct business in California with an A.M. Best rating of no less than A:VII. Payment terms are net thirty days from delivery and receipt of invoice, with the City responsible for all applicable taxes and exempt from Federal Excise Tax. No specific set-asides for disadvantaged enterprises or incumbent vendors are identified.
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Text version
PAYMENT BOND
(Civil Code Section 9550)
KNOW ALL PERSONS BY THESE PRESENTS:
WHEREAS, the City of Santa Monica, hereinafter called City by motion adopted on the
_______day of _______________, 2017, has awarded to______________________________, hereinafter called Principal, with its principal office in the City of _________________________, State of ______, a Contract for _________________________________________________, including without limitation all incorporated documents, exhibits and other documents defined for the Contract.
WHEREAS, Principal is required under the terms of the agreement to furnish a good and sufficient payment bond to secure the claims to any of the persons named in Section 9100 Civil Code of the State of California.
THAT we _ , as Principal, and, _____________________ , hereinafter called Surety, are held and firmly bound unto the City all contractors, subcontractors, laborers, materialmen and all other persons employed in the performance of the Contract and referred to in the aforesaid portion of the Civil Code, in the sum of
______________________________________________Dollars ($_____________________), (100% of amount in proposal) for materials and equipment furnished and labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect thereto, and that said Surety will pay the same in or to an amount not exceeding the amount herein above set forth, and also will pay in case suit is brought upon this bond, such reasonable attorney’s fees as shall be fixed by the Court, awarded and taxed as costs and included in the judgment therein rendered.
This bond shall inure to the benefit of any and all persons, named in Civil Code Section 9100 so as to give a right of action to them or their assigns in any suit upon this bond.
Should the condition of this bond be fully performed, then this obligation shall be void, otherwise it shall remain in full force and effect.
Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration or modification of the Contract or of the work to be performed thereunder shall in any way affect its obligations on this bond and it does hereby waive notice of such change, extension of time, alteration or modification of the Contract or of work to be performed thereunder.
The obligations set forth herein shall be binding upon Surety and its heirs, executors, administrators, successors, and assigns, jointly and severally.
PAYMENT BOND
(Civil Code Section 9550)
IN WITNESS WHEREOF one (1) identical counterparts of this instrument, each of which shall for all purposes be deemed an original thereof, have been duly executed by the Principal and Surety named herein, on the _______day of _______________, 2017, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative pursuant to authority of its governing body.
SIGNED AND SEALED on this _________ day of __________________, 2017
| ________________________________ | ||
| Seal | Principal |
By________________________________ Signature
| ________________________________ | |
| Seal | Surety |
By________________________________ Signature ________________________________
Surety’s Mailing Address
Telephone Number
(Attach both Notarial Acknowledgement of Surety and Power of Attorney) image1.jpeg
File details come from the government source that posted it. Updated .