Performance_Bond.pdf
PDF 23 KB Posted
- Attached to
- 2026 Ella Sharp Park & Sparks Park Deer Harvest
- Solicitation number
- 2025-Parks & Recreation-080
- Issued by
- Kalamazoo County, Michigan
About this file
This is a Performance Bond document required by the City of Jackson, Michigan for contractors bidding on the 2026 Ella Sharp Park & Sparks Park Deer Harvest project. 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 contractor must submit this bond executed by both the Principal (contractor) and a Surety (bonding company) prior to contract award. The bond protects the City of Jackson from financial loss due to contractor non-performance, liens, claims, or damages arising from the work. The document is a blank template requiring completion with the contractor and surety names, bond amount, contract date, project description, and relevant signatures and seals. The bond remains in full force regardless of any contract modifications, time extensions, or other changes made during the performance period.
The performance bond amount is not specified in this template and will be determined based on the total contract value once proposals are received and evaluated. The bond must remain in effect throughout the contract term, which extends through March 1, 2026, or upon project completion, whichever occurs first. This bonding requirement applies to all responsive bidders and is part of the City's risk mitigation strategy for the deer harvest services. The surety executing the bond must provide a Power of Attorney documentation certifying the authorized representative's authority to bind the surety company.
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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 .