Payment Bond Form.pdf
PDF 112 KB Posted
- Attached to
- ITB 2025/26-02 Pretrial Services Construction
- Solicitation number
- 2025/26-02
- Issued by
- Catron County, New Mexico
About this file
This document is a Payment Bond form for the Curry County Pre-trial Services construction project in New Mexico, involving a Principal and a Surety. The bond guarantees that the Principal will promptly make payments to all persons, firms, subcontractors, and corporations furnishing materials or performing labor for the construction project, including costs for materials, lubricants, oil, gasoline, and equipment repairs. The bond is executed in four counterparts and is dated for the year 2025, with provisions that changes to the contract terms will not affect the bond's obligations.
The bond represents a financial guarantee for the construction project, with the Surety waiving notice of any contract changes, extensions, or alterations. The document ensures that all parties involved in the construction will be compensated, and that no final settlement between the Owner and Contractor can abridge the rights of beneficiaries with unsatisfied claims. While specific monetary amounts are not filled in on this template form, the bond is structured to protect the financial interests of subcontractors, material suppliers, and other workers involved in the Curry County Pre-trial Services construction project.
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Other files
| File | Type | Posted |
|---|---|---|
| Bid Bond Form.pdf | ||
| Bid Form.pdf | ||
| Contractor Preference Form.pdf | ||
| Project Manual.pdf | ||
| ITB 2025.26.02 Pretrial Service.pdf | ||
| Campaign Contribution Form.pdf | ||
| Drawings.pdf | ||
| Performance Bond.pdf | ||
| Bidder.pdf | ||
| Subcontractor Listing.pdf |
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Text version
Curry County Pre-trial Services NCA.08
A18.16.32 00.3100-5
PAYMENT BOND
KNOW ALL MEN BY THESE PRESENTS: That we, the undersigned hereinafter called "Principal" and hereinafter called the "Surety", a corporation authorized under the laws of the State of and authorized to transact business in the State of New Mexico, are held and firmly bound unto hereinafter called "OWNER" in the penal sum of dollars ($ ) in lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION is such that Whereas, the Principal entered into a written contract with the Owner, dated the day of , 2018, a copy of which is hereto attached and made a part hereof for the construction of:
NOW, THEREFORE, if the Principal shall promptly make payment to all persons, firms, subcontractors, and corporations furnishing materials for or performing labor in the prosecution of the work provided for in such contract, and any authorized extension or modification thereof, including all amounts due for materials, lubricants, oil, gasoline, repairs on machinery, equipment and tools, consumed or used in connection with the construction of such work whether by subcontractor or otherwise, then this obligation shall be void; otherwise to remain in full force and effect.
PROVIDED FURTHER, that the said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract or to the work to be performed thereunder or the specifications accompanying the same shall in any wise affect its obligation or this bond, and it does hereby waive notice of any such change, extension of time, alteration or extension of time, alteration or addition to the terms of the contract or to the specifications.
PROVIDED FURTHER, that no final settlement between the Owner and the Contractor shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied.
Curry County Pre-trial Services NCA.08
A18.16.32 00.3100-6
IN WITNESS WHEREOF, this instrument is executed in four (4) counterparts, each one of which shall be deemed an original, this the day of 2025.
ATTEST:
(Principal) Secretary Principal
By:
Address
(SEAL)
Witness as to Principal
Address
ATTEST:
(Surety) Secretary Surety
By:
Attorney-in-Fact
Address
(SEAL)
Witness as to Surety
Address
File details come from the government source that posted it. Updated .