Performance_Bond.pdf
PDF 23 KB Posted
- Solicitation number
- 2026-COMMUNITY DEVELOPMENT-009
- 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 a construction contract related to the Community Development Department's housing rehabilitation program. The bond serves as a financial guarantee that the contractor will fulfill all obligations under the contract, which pertains to strip and replace roof and gutterwork at 115 W Euclid. The document establishes a binding agreement between the principal (contractor), surety (bonding company), and the City of Jackson, with the bond amount to be specified based on the contract value. The contractor is obligated to complete all work in accordance with the drawings, specifications, conditions, and stipulations outlined in the underlying contract, with the bond remaining in effect throughout the contract performance period.
The Performance Bond protects the City of Jackson from liability claims, liens, and damages arising from the contractor's failure to perform. The bond amount and specific contract terms are to be filled in upon execution, and the surety is required to provide a Power of Attorney demonstrating authorization to bind the company. The document specifies that any contract modifications, extensions of time, or forbearance by either party do not release the principal and surety from their obligations under the bond, and the surety waives notice of such alterations. This is a standard performance security requirement for the City's sealed competitive bidding process for qualified contractors participating in the housing rehabilitation program for qualified homeowners.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| 115_W_Euclid_-_Strip_and_Replace_Roof_and_Gutterwork.pdf | ||
| CDBG_Additional_Forms.pdf | ||
| Labor_and_Material_Payment_Bond.pdf | ||
| All_Services_Sample_Contract_.docx | DOCX document | |
| G08_-_GUTTERWORK_(4).docx | DOCX document | |
| Maintenance_and_Guarantee_Bond.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 .