Performance_Bond.pdf
PDF 23 KB Posted
- Attached to
- 237 N GORHAM ST - ELECTRICAL TO CODE
- Solicitation number
- 2026-DEPARTMENT-027
- Issued by
- Kalamazoo County, Michigan
About this file
This is a Performance Bond form issued by the City of Jackson, Michigan for use in connection with construction or repair contracts. The bond serves as a financial guarantee that the contractor will fulfill all obligations under the associated contract with the City of Jackson Community Development Department. The performance bond requires the contractor to complete work in accordance with all drawings, specifications, conditions, and stipulations outlined in the underlying contract, and to protect the City from public liability, damages, liens, and claims arising from the contract work. The bond remains in effect even if the Owner grants extensions of time, modifies contract terms, or makes alterations to the work scope, with notice to the surety waived for such changes.
The Performance Bond requires execution by both the Principal (contractor) and the Surety (bonding company), with the Surety's representative signing as attorney-in-fact and providing a power of attorney attachment. The bond amount is left blank in the template and would be established based on the contract value for the specific project. This bond format applies to the City of Jackson's competitive sealed bid process for home repairs, where qualified contractors must maintain Sam.gov registration, proper licensing, and obtain all required permits. The bond ensures financial accountability and protects the municipality against contractor default or failure to perform contracted work to specified standards.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 237_N_GORHAM_ST_-_ELECTRICAL_TO_CODE.pdf | ||
| 237_N_Gorham_Electrical_specs._.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 .