Payment_Bond_(For_Information_Only).pdf
PDF 325 KB Posted
- Attached to
- Citywide Striping - Phase 1
- Solicitation number
- 30230810
- Issued by
- Napa County, California
About this file
This Payment Bond form is issued by the City of Napa, California, as a required contract document for the Citywide Striping - Phase 1 Project. The bond serves as a financial guarantee that the contractor and its surety will ensure payment to authorized claimants, including subcontractors, laborers, material suppliers, and equipment vendors for work performed under the project contract. The bond is effective upon execution by the contractor, surety, and the City, and remains in full force unless the contractor promptly pays all sums due for labor, materials, and equipment in accordance with contract payment schedules and California law requirements.
The bond amount is to be determined and specified in the executed agreement. The surety assumes liability for any unpaid wages, unemployment insurance contributions, and employment development department withholdings owed by the contractor or its subcontractors. The bond inures to the benefit of all persons entitled to claim against it under California Civil Code Section 9100. The surety waives notification requirements for contract alterations and time extensions, and the City waives the requirement for new bonds on supplemental contracts. All disputes arising from the bond are governed by California law and subject to venue in Napa County Superior Court, with the surety responsible for the City's attorney fees and costs in enforcement actions.
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Text version
City of Napa Public Works Contract Documents Form 4.4 (2024-2-13)
Project Title ____________________ PAYMENT BOND Project Number _________________
Payment Bond
City of Napa, a California charter city (“City”), and ________________________ (“Contractor”) have entered into a contract for work on the <_________________________________________________> Project (“Project”). The Contract is incorporated by reference into this Payment Bond (“Bond”).
1. General. Under this Bond, Contractor as principal and ____________________________, its surety (“Surety”), are bound to City as obligee in an amount not less than $_________________, under California Civil Code § 9550 et seq., to ensure payment to authorized claimants. This Bond is binding on the respective successors, assigns, owners, heirs, or executors of Surety and Contractor.
2. Surety’s Obligation. If Contractor or any of its Subcontractors fails to pay a person authorized in California Civil Code § 9100 to assert a claim against a payment bond, any amounts due under the Unemployment Insurance Code with respect to work or labor performed under the Contract, or any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of Contractor and its Subcontractors under California Unemployment Insurance Code § 13020 with respect to the work and labor, then Surety will pay the obligation.
3. Beneficiaries. This Bond inures to the benefit of any of the persons named in California
Civil Code § 9100, so as to give a right of action to those persons or their assigns in any suit brought upon this Bond. Contractor must promptly provide a copy of this Bond upon request by any person with legal rights under this Bond.
4. Duration. If Contractor promptly makes payment of all sums for all labor, materials, and equipment furnished for use in the performance of the Work required by the Contract, in conformance with the time requirements set forth in the Contract and as required by California law, Surety’s obligations under this Bond will be null and void. Otherwise, Surety’s obligations will remain in full force and effect.
5. Waivers. Surety waives any requirement to be notified of alterations to the Contract or extensions of time for performance of the Work under the Contract. Surety waives the provisions of Civil Code §§ 2819 and 2845. City waives the requirement of a new bond for any supplemental contract under Civil Code § 9550. Any notice to Surety may be given in the manner specified in the Contract and sent to Surety as follows:
Attn: _____________________________________________________ Address: __________________________________________________ City/State/Zip: ______________________________________________ Phone: ___________________________________________________ Email: ____________________________________________________
6. Law and Venue. This Bond will be governed by California law, and venue for any dispute pursuant to this Bond will be in the Napa County Superior Court, and no other place. Surety will be responsible for City’s attorneys’ fees and costs in any action to enforce the provisions of this Bond.
[Signatures are on the following page.] jmason Text Box Citywide Striping - Phase 1
City of Napa Public Works Contract Documents Form 4.4 (2024-2-13)
Project Title ____________________ PAYMENT BOND Project Number _________________
7. Effective Date; Execution. This Bond is entered into and is effective on __________, 20__.
SURETY:
Business Name s/__________________________________ ______________________________ Date
Name, Title
(Attach Acknowledgment with Notary Seal and Power of Attorney)
CONTRACTOR:
Business Name s/__________________________________ ______________________________ Date
APPROVED BY CITY:
s/ __________________________________ ______________________________ Date
END OF PAYMENT BOND
| Text Field0: Citywide Striping - Phase 1 |
| Text Field1: Citywide Striping - Phase 1 |
| Text Field2: 30230810 |
| Text Field3: 30230810 |
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