Performance_Bond.pdf
PDF 23 KB Posted
- Attached to
- City of Jackson DPW Ready-Mix Concrete
- Solicitation number
- 2026- PUBLIC WORKS-021
- Issued by
- Kalamazoo County, Huntington Woods City, Michigan
About this file
This is a Performance Bond template document issued by the City of Jackson, Michigan for use in state and local contract opportunities. The bond serves as a financial guarantee that a contractor will fulfill all obligations under a contract with the City of Jackson's Department of Public Works. The performance bond requires the contractor to act as Principal and obligates a Surety to guarantee performance in a specified amount determined by the contract value. The bond mandates that the contractor save harmless the City from all public liability, damages, and liens while faithfully fulfilling all terms outlined in the contract drawings, specifications, conditions, and stipulations. The document includes provisions stating that alterations to contract terms, extensions of time, modifications to work scope, or forbearance by either party do not release the Principal or Surety from liability under the bond.
The performance bond template requires execution by both the Contractor (as Principal) and the Surety, with attestation by witnesses. The Surety must provide power of attorney documentation and sign through an authorized attorney-in-fact. The bond remains in force for the entire duration of the contract and covers the contractor's compliance with all contractual obligations related to the City of Jackson's Ready-Mix Concrete continuous delivery services contract for the Department of Public Works. This performance bond is a standard requirement to protect the City against contractor default and ensure completion of concrete delivery services for both routine projects and emergency repair needs.
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Other files
| File | Type | Posted |
|---|---|---|
| City_of_Jackson_DPW_Ready-Mix_Concrete_(Addendum_#2_Revision).pdf | ||
| Maintenance_and_Guarantee_Bond.pdf | ||
| Labor_and_Material_Payment_Bond.pdf | ||
| All_Services_Sample_Contract_.docx | DOCX document | |
| CDBG_Additional_Forms.pdf |
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Text version
BOND NO.
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS, that we, _______________________________ Contractor, as Principal, and as Surety, are held and firmly bound unto THE CITY OF JACKSON, MICHIGAN, 161 West
Michigan Avenue, Jackson, Michigan 49201, Owner, in the sum of (___________________) to be paid to the Owner for which payment well and truly be made we jointly and severally bind ourselves, our heirs, executors, administrators, and assigned firmly by these presents.
THE CONDITION OF THE ABOVE OBLIGATIONS ARE such that, WHEREAS, the said ______________________________ (CONTRACTOR) did, on the ____________day of _____________________, _______, enter into a certain contract with the said Owner for the __________________________________________ in accordance with drawings, specifications, conditions and stipulations prepared by which said contract, drawings, specifications, conditions and stipulations are by reference made a part hereof as if fully set out herein, and is hereinafter referred to as the Contract.
NOW, THEREFORE, the condition of the foregoing obligation is such that, if the said Contractor shall save harmless the said Owner from all public liability and damages of every description in connection with the Contract, shall well and faithfully in all things fulfill the Contract according to all the drawings, specifications, conditions and stipulations therein contained in all respects, and shall save and hold harmless the said Owner from and against all liens and claims of every description in connection with the Contract, then this obligation shall be void and of no effect; but otherwise, it shall remain in full force and virtue;
B-1
Jackson Performance Bond (Page 1 of 2)
AND PROVIDED, that any alterations which may be made in the terms of said Contract, or in the work be done under it, or in the event that the said Owner shall grant any extension of time for the performance of said contract or otherwise modify any elements of the Contract, or any forbearance on the part of either party to the other shall not in any way release the Principal and Surety, or either of them, their heirs, executors, administrators, successors or assigns, from any liability hereunder, notice to the Surety of any such alterations, modifications, extension or forbearance being hereby waived.
WITNESS our hands and seals this ___________ day of ___________, _______.
WITNESS:
Principal
By
Title
WITNESS:
Surety
By Attorney-in-fact
ATTACH POWER OF ATTORNEY
B-2 Jackson Performance Bond (Page 2 of 2)
File details come from the government source that posted it. Updated .