Performance_Bond.pdf
PDF 23 KB Posted
- Solicitation number
- 2026-ENGINEERING-038
- Issued by
- Kalamazoo County, Huntington Woods City, Michigan
About this file
This is a Performance Bond document issued by the City of Jackson, Michigan for use in connection with a street tree purchase and planting contract. The bond serves as a financial guarantee that the selected contractor will faithfully perform all work according to contract specifications, drawings, and conditions. The contractor is responsible for furnishing, delivering, planting, maintaining, and guaranteeing approximately 200 street trees representing a minimum of 15 different species for the Spring 2027 planting season. The contract includes optional renewal terms for Fall 2027 and Spring 2028 upon mutual agreement of both parties, with each renewal term subject to a cost-of-living adjustment of up to 3 percent.
The performance bond binds the principal contractor and surety jointly and severally to the City of Jackson to ensure satisfactory contract performance and protection from all public liability, damages, liens, and claims arising from the contract work. The surety remains liable regardless of any modifications, extensions, or forbearances granted by the owner to the contractor. Bidders are advised that prevailing wage rate modifications may occur and an addendum will be issued if such changes are implemented within 10 days prior to the bid response deadline. Additional contract requirements and specifications, including tree planting maps, details, funding agency requirements, and general wage decisions, are provided in the attachments section of the bidding documents.
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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 .