Performance_Bond.pdf
PDF 23 KB Posted
- Attached to
- ENG 26-11 M-106 COOPER STREET MAINTENANCE PAVING
- Solicitation number
- 2026-ENGINEERING-020
- Issued by
- Kalamazoo County, Huntington Woods City, Michigan
About this file
This is a Performance Bond form issued by the City of Jackson, Michigan, for use in conjunction with construction contracts. The bond document serves as a surety agreement between a contractor (Principal), a surety company, and the City of Jackson, establishing financial protection for the municipality. The bond applies to the M-106 Cooper Street Maintenance Paving project, which involves 0.724 miles of cold milling and single-course HMA paving on Cooper Street between North Street and Porter Street. The major bid items include Cold Milling HMA Surface (4,275 square yards) and HMA, 5EML (325 tons), with construction engineering to be performed by Michigan Department of Transportation staff.
The Performance Bond requires the contractor to fulfill all obligations under the contract in accordance with project drawings, specifications, and conditions while protecting the City of Jackson from liability, liens, and claims. The bond amount is left blank in the template for completion based on specific contract requirements. The document specifies that the bond remains in effect regardless of any contract modifications, time extensions, or forbearance granted by either party, and notice to the surety of such changes is waived. The surety must be represented by an attorney-in-fact with appropriate power of attorney documentation attached. The bond form does not specify a bond amount, bid deadline, or award date, as these details would be determined in the individual contract advertisement and award process.
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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 .