PERFORMANCE_BOND.pdf
PDF 82 KB Posted
- Attached to
- 123 N. H Street EV Charger Parking Lot Project
- Solicitation number
- 2026-ITB-002DW
- Issued by
- Santa Barbara County, Los Angeles City, California
About this file
This is a Performance Bond form issued by the City of Lompoc, California, for the 123 N. H Street EV Charger Parking Lot Project. The bond establishes a contractual obligation whereby the Principal (contractor) and Surety (bonding company) commit to ensure faithful performance of the contract awarded by Lompoc City Council. The bond is executed for a contract to be performed in strict conformity with plans and special provisions, with the contract award date to be specified as a day in 2026. The Principal is required to maintain and perform all covenants, conditions, and agreements outlined in the contract at the specified times and in the manner detailed therein. The contract solicitation specifies that bids will be received until 2:00 pm on Thursday, January 29, 2026, with proposals remaining valid for 90 calendar days after the bid opening date. The project scope includes grading and paving improvements, concrete walkways, curbing, ADA-compliant parking upgrades, EV charging station installation with protective bollards, landscaping, signage, pavement markings, and electrical coordination for conduit placement and power connections.
The Performance Bond ensures that the Surety waives notice of any changes, extensions of time, alterations, or additions to the contract terms and agrees that such modifications shall not affect its obligations under the bond. The bond remains in full force and effect until the Principal fulfills all contractual obligations and indemnifies the City of Lompoc and its officers and agents as stipulated in the underlying contract. The specific bond amount, corresponding to the contract sum, and the formal execution date remain to be completed upon contract award. No information regarding pricing terms, set asides, funding sources, or other financial arrangements is detailed in this Performance Bond document itself.
View the file
Other files
Show all 17
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
PERFORMANCE
BOND
KNOW ALL MEN BY THESE PRESENTS,
That we, as Principal, and firmly bound unto the City of Lompoc in the sum of said sum being the amount of the following described contract, to be paid to the said City, its successors, and assigns; for which payment, well and truly to be made, we bind ourselves, our heirs, executors, and administrators, successors, or assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THEIR OBLIGATION IS SUCH,
THAT WHEREAS, the City Council of the City of Lompoc, State of California, by formal action the Day of , 2026 awarded to said principal a contract to in strict conformity with plan and special provisions, Bid No. ________ and whereas, said Principal is required under the terms of said Contract to furnish a Bond for the faithful performance of said Contract.
NOW THEREFORE, if the above bounden Principal, their, her or its heirs, executors, administrators, successors or assigns shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and agreements in the said Contract and any alteration thereof made as therein provided, on their or her or their part, to be kept and performed at the time and in the manner therein specified and in all respects according to their true intent and meaning, and shall indemnify and save harmless the City of Lompoc, its officers and agents, as therein stipulated, then their obligation shall become null and void; otherwise it shall remain in full force and effect.
And the said Surety, for value received, hereby stipulates, and agrees that no change, extension of time, alteration, or addition to the terms of the Contractor to the work to be performed thereunder shall in any way affect its obligations on their bond, and it does hereby waive notice of any change, extension of time, alteration, or addition to the terms of the Contract or to the work.
IN WITNESS WHEREOF, their instrument has been duly executed by the Principal and Surety above named, on the day of , 2026.
(Seal)
Principal
Surety
Address
NOTE: Signature of person executing for the Surety must be properly acknowledged.
PERFORMANCE BOND
File details come from the government source that posted it. Updated .