Payment_Bond.pdf
PDF 88 KB Posted
- Solicitation number
- HC-26-02 / HC-0916
- Issued by
- Hamilton County, Indiana
About this file
This is a Payment Bond document related to Contract Resurface 26-02, a road resurfacing and milling project in Jackson and Noblesville Townships in Indiana. The project encompasses asphalt milling and resurfacing services across seven road segments totaling 3.28 miles, including 211th Street, Mill Creek Road, Point Lane, Cherry Tree Road, Bays Drive, Susan Court, and Angela Court. The scope of work includes 2-inch and 1.5-inch surface milling operations, application of asphalt resurface materials ranging from 9.5mm to 12.5mm Type B and Type C surfaces, installation of Petromat Enviro Pavement Fabric along Point Lane, eight-inch deep patching on designated roads, crack sealing on transverse cracks, four pipe replacements along Point Lane, curb and casting replacements in the Cherry Tree Farms subdivision, and inlet cleaning services. The project involves multiple road segments with varying widths between 13 and 24 feet and milling depths of 1.5 to 2 inches.
The Payment Bond document establishes the financial security requirements for the contractor undertaking this resurfacing project. This bond ensures that the contractor will fulfill all payment obligations to subcontractors, laborers, and material suppliers as required by the contract terms. The bond amount and specific conditions would be detailed within the document to protect all parties involved in the project execution and ensure compliance with Indiana state and local contracting requirements for public works projects.
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Text version
PAYMENT BOND
KNOWN BY ALL PERSONS BY THESE PRESENTS THAT THE UNDERSIGNED:
BIDDER:
as principal, and SURETY:
[Name]
[Address] as Surety, are firmly bound unto Hamilton County, Indiana and the Hamilton County Board of Commissioners (collectively referred to as “Hamilton County”) in the penal sum of an amount equal to ONE HUNDRED PERCENT of the amount of the Principal’s bid, to the payment of which, well and truly made, we bind ourselves jointly and severally, and our joint and several heirs, executors, administrators and assigns, firmly by these presents.
THE CONDITIONS OF THE ABOVE OBLIGATIONS ARE SUCH THAT, whereas, the Principal is herewith submitting a bid and proposal for construction and completion of this contract in accordance with plans and specifications, which are made part of this bond;
NOW, THEREFORE, if Hamilton County shall award the Principal the contract for work and the Principal shall promptly enter into contract with Hamilton County, for the work and shall promptly make payments of all amounts due to all Claimants, then this obligation shall be void; otherwise to remain in full force, virtue, and effect. Claimant shall mean any subcontractor, material supplier or the person, firm, or corporation furnishing materials or equipment for or performing labor or services in the prosecution of the work provided in such an agreement, including lubricants, oil, gasoline, coal, and coke, repairs on machinery, and tools, whether consumed or used in connection with the construction of such work, and all insurance premiums on said work, and for all labor, performed in such work.
IT IS AGREED that no modifications, omissions, or additions in or to the terms of such contract or in or to the plans or specifications therefor shall affect the obligation of such sureties on this bond.
IN WITNESS WHEREOF, we hereto set our hands and seals:
< <BIDDER > >
(Payment Bond)
(Signature)
(Printed)
(Title)
State of Indiana, County of, , SS:
Before me, the undersigned Notary Public, personally appeared;
As Principal and acknowledged the execution of the above bond on this Day of , 2026.
My commission Expires:
(County of Residence) (Notary Signature & Seal)
< <SURETY > >
(Payment Bond)
(Signature)
(Printed)
(Title)
State of Indiana, County of, , SS:
Before me, the undersigned Notary Public, personally appeared;
As Principal and acknowledged the execution of the above bond on this Day of , 2026.
My commission Expires:
(County of Residence) (Notary Signature & Seal)
PAYMENT BOND
File details come from the government source that posted it. Updated .