Performance_Bond_-_ITB_2026-3-1_.pdf
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- Solicitation number
- ITB-2026-3-1
- Issued by
- Ellis County, Texas
About this file
Performance Bond for ITB 2026-3-1 Interior Demolition Project
This is a performance bond document issued by the City of Waxahachie, Texas (Ellis County) for the Interior Demolition & Abatement Project at 401 South Rogers Street (ITB 2026-3-1). The bond is executed in six originals and binds the principal contractor and corporate surety jointly and severally to the City of Waxahachie for faithful performance of all undertakings, covenants, terms, conditions, and agreements specified in the underlying contract. The bond covers all materials, equipment, labor, supervision, and accessories necessary for interior demolition of the three-story commercial building. The surety assumes full liability for the principal's failure to comply with contract terms and agrees that modifications to the contract, extensions of time, alterations, and additions shall not affect its obligation. The bond obligates the principal and surety to liquidated damages for each day of failure to comply with contract provisions. Venue for any legal action arising from the bond is established in Ellis County, Texas.
The performance bond amount is equal to 100 percent of the total awarded contract price, consistent with the City's requirement for both performance and payment bonds at this percentage. The bond document specifies that the surety must be a corporate entity organized under Texas law and authorized to do business in the State of Texas, with a resident agent designated in Ellis County to receive notice and service of process. The principal, surety, and resident agent must execute the bond with signatures, typed names, titles, and complete addresses. The bond must be accompanied by attorney-in-fact certification from the surety company confirming the date of authorization. This bond is a standard requirement for the interior demolition contract, which anticipates work commencement in May 2026 and encompasses hazardous materials abatement and structural demolition of a 14,456-square-foot facility.
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Text version
PERFORMANCE BOND
THE STATE OF TEXAS § BOND NO. ____________
COUNTY OF ELLIS § BOND EXECUTED IN SIX (6) ORIGINALS
KNOW ALL BY THESE PRESENTS:
THAT ______________________________
of the City of , County of
State of hereinafter referred to as "PRINCIPAL," and
,a corporate surety/sureties organized under the laws of the State of ___Texas______ and authorized to do business in the State of Texas, hereinafter referred to as "SURETY," (whether one or more), are held and firmly bound unto the CITY OF WAXAHACHIE, TEXAS, a municipal corporation located in Ellis County, Texas, hereinafter referred to as "CITY," in the amount of , lawful money of the United States, to be paid in Waxahachie, Ellis County, Texas, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, assigns, administrators and successors, jointly and severally; and firmly by these presents, the condition of this obligation is such that, WHEREAS, PRINCIPAL entered into a certain written Contract with the City of Waxahachie dated the _______ day of ___________, 20_____, a copy of which is attached hereto and made a part hereof, to furnish all materials, equipment, labor, supervision, and other accessories necessary for the construction of:
(ITB 2026 – 3-1 Interior Demolition Project – 401 S Rogers St) in the City of Waxahachie, Texas, as more particularly described and designated in the above referenced contract such contract being incorporated herein and made a part hereof as fully and to the same extent as if written herein word for word:
NOW THEREFORE,
If PRINCIPAL shall well, truly and faithfully perform and fulfill all of the undertakings, covenants, terms, conditions and agreements of the above referenced Contract in accordance with the plans, specifications and Contract documents during the original term thereof, and any extension thereof which may be granted with or without notice to SURETY, and during the life of any guaranty required under the Contract, and shall also well and truly perform and fulfill all the covenants, terms, conditions and agreements of any and all authorized modifications of such Contract that may hereafter be made, notice of which modifications to SURETY being hereby waived, then this obligation shall be void, otherwise to remain in full force and effect;
and in case PRINCIPAL shall fail to do so, it is agreed that City may do such work and supply such materials and charge the same against PRINCIPAL and SURETY on this obligation, and PRINCIPAL and SURETY hereon shall be subject to the liquidated damages mentioned in the Contract for each day's failure on its part to comply with the terms and provisions of such Contract.
Provided, further, that if any legal action be filed on this Bond, venue shall lie in Ellis County, Texas.
And, that SURETY, for value received, hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the Contract or to the work performed thereunder, or the plans, specifications, drawings, etc., accompanying same shall in any way affect its obligation on this Bond; and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the Contract or to the work to be performed thereunder.
The undersigned and designated agent is hereby designated by SURETY as the agent resident in Ellis County to whom any requisite notice may be delivered and on whom service of process may be had in matters arising out of such suretyship.
IN WITNESS WHEREOF, this instrument is executed on this the ________ day of _____________________, 20___.
WITNESS PRINCIPAL
Company
By By Signature Signature
Typed/Printed Name Typed/Printed Name
Title Title
Address Address
City State Zip City State Zip
9/95
WITNESS SURETY
Company
By By Signature Signature
Typed/Printed Name Typed/Printed Name
Title Title
Address Address
City State Zip City State Zip
The Resident Agent of Surety is:
__________________________________ Name
__________________________________ Address
__________________________________ Telephone Number
(Accompany this bond with attorney-in-fact’s authority from the Surety Company certified to include the date of the bond.)
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