PAYMENT_BOND_TEMPLATE_rev_11-2017.docx
DOCX document 18 KB Posted
- Solicitation number
- 2026.076-ITB
- Issued by
- Washington County, Oregon
About this file
This is a Payment Bond Template document for Washington County, Oregon, establishing the bond requirements and conditions for contractors performing work on county contracts. The bond serves as a guarantee that the principal contractor will fulfill all payment obligations related to contracted work, including payments to subcontractors, equipment and materials suppliers, and laborers. The bond is executed jointly and severally by the principal contractor and surety, binding them to Washington County for the specified bond amount. The template outlines the contractor's obligation to make prompt payments to all parties involved in the project execution, including contributions to workers' compensation carriers and state unemployment compensation funds, along with all withheld employee taxes and other legitimate debts incurred during contract performance. The bond remains in effect for the duration of the contract and any authorized modifications that extend time or alter the contract amount.
The bond template includes provisions requiring the principal and surety to reimburse Washington County for reasonable collection costs and attorney fees if legal action becomes necessary to enforce payment obligations, with attorney fees to be determined by the court if litigation occurs. The template explicitly states that nonpayment of the bond premium will not invalidate the bond, nor will Washington County be responsible for premium payment. The surety waives notice of any alterations or extensions of time made by Washington County. The document was approved as to form by Assistant County Counsel Cortney Duke-Driessen on November 29, 2017, and requires authorization by officials from both the principal contractor and surety, along with a Power of Attorney for the surety's attorney in fact and the affixation of the surety's seal.
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Text version
PAYMENT BOND
Bond No.
KNOW ALL MEN BY THESE PRESENTS: That, by and through its corporate officials, doing business at as principal, and as surety, are jointly and severally held and bound unto Washington County, in the sum of for the payment of which we jointly and severally bind ourselves, our heirs, executors, administrators, and assigns or successors and assigns, firmly by these presents.
THE CONDITION OF THIS BOND IS SUCH
That, whereas the said principal herein has made and entered into a certain contract, with Washington County for the which contract, together with the applicable plans, Standard Specifications, special provisions, and schedule of contract prices, is by this reference made a part hereof, whereby the said principal agrees to do in accordance with the certain terms conditions, requirements, plans and specifications set out in said contract and all authorized modifications of the contract which modify the amount of the work, extend the time of the contract, and/or modify the amount of the contract. The Surety hereby waives notice of any alteration or extension of time made by the Washington County.
NOW, THEREFORE, if the principal herein shall make payment promptly, as due to all subcontractors and to all persons supplying to the Contractor or his subcontractors, equipment, supplies, labor or materials for the prosecution of the work, or any part thereof, provided for in said contract, and shall pay all contribution or amounts due its workers compensation carrier and the State Unemployment Compensation Trust Fund from such Contractor or subcontractors incurred in the performance of said contract, and pay all sums of money withheld from the Contractor’s employees and payable to the Revenue Department; and shall pay all other just debts, dues and demands incurred in the performance of the said contract and shall pay Washington County, such damages as may accrue to the county under said contract, then this obligation is to be void, otherwise to remain in full force and effect.
Nonpayment of the bond premium will not invalidate this bond nor shall Washington County be obligated for the payment thereof.
In the event it becomes necessary to place this bond in the hands of legal counsel for collection, Principal and the aforesaid Surety, jointly and severally, hereby agree and covenant to pay Washington County’s reasonable collection costs, including reasonable attorney fees, even though no suit or action is filed herein; however, if such suit or action is filed, the amount of such reasonable attorney fees shall be fixed by the court or courts in which the suit or action is heard, including on appeal.
Witness our hands this day of , 2 .
By Authorized Official Signature
Title
By Authorized Official Signature
Title
Surety
By Attorney in Fact (A Power of Attorney for the Attorney in Fact must be attached to this Bond)
By Agent
Agent Phone Number)
Surety’s Seal Must be affixed
APPROVED AS TO FORM
/s/ Cortney Duke-Driessen___ Assistant County Counsel Date: 11/29/2017
File details come from the government source that posted it. Updated .