Performance_Bond.pdf
PDF 23 KB Posted
- Solicitation number
- 2026-COMMUNITY DEVELOPMENT-045
- Issued by
- Kalamazoo County, Huntington Woods City, Michigan
About this file
This is a Performance Bond template issued by the City of Jackson, Michigan for use in conjunction with construction or repair contracts awarded by the City's Community Development Department. The bond serves as a financial guarantee that the selected contractor will faithfully perform all work in accordance with the contract specifications, drawings, and conditions. The document requires execution by the contractor as Principal and a Surety company, with both parties binding themselves jointly and severally to the City of Jackson for the full contract amount. The bond protects the City from contractor non-performance, liens, and claims arising from the work performed under the contract.
The Performance Bond obligates the contractor to complete all work as specified and to indemnify the City against public liability, damages, and mechanic's liens. The bond remains in effect regardless of any modifications, extensions, or forbearances granted by the City to the contractor, with notice to the Surety waived for such changes. The template requires completion of specific fields including the contractor and surety names, contract amount, project description, contract date, and signature blocks with witnessing for both the Principal and Surety (with Attorney-in-fact authorization required). This bond is a standard requirement for the City's competitive sealed bid process for home repair projects, ensuring contractor accountability and financial protection for the municipality and property owners.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 1017_Second_Ct_-_Replace_Roof_&_Gutterwork_on_Home_&_Garage.pdf | ||
| 1017_Second_Ct_ROOF_-_STRIP_AND_INSTALL_(7).docx | DOCX document | |
| All_Services_Sample_Contract_.docx | DOCX document | |
| Labor_and_Material_Payment_Bond.pdf | ||
| Maintenance_and_Guarantee_Bond.pdf | ||
| 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)
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