Performance_Labor_Bonds.pdf
PDF 72 KB Posted
- Attached to
- VanGO Transit Operations Management
- Solicitation number
- 26-025
- Issued by
- Charles County, Maryland
About this file
This file contains performance and labor bond templates issued by Charles County, Maryland for use in the county's sealed proposal procurement process. The document provides two standardized bond forms: a Performance Bond and a Contractor's Labor and Material Bond, both required as part of contract execution with Charles County. These bonds serve as financial guarantees that the selected contractor will fulfill all contract obligations, including proper performance of work and timely payment to all laborers, material suppliers, and equipment rental providers. The bonds bind the principal contractor and surety jointly and severally to Charles County for the full contract amount, with the surety expressly waiving rights to receive notice of contract extensions, alterations, or modifications made pursuant to the original contract terms. Both bonds remain in effect throughout the original contract term and any extensions granted by the County.
The bond amounts are to be filled in by the contractor at the time of proposal submission and are contingent upon the specific ITB number and solicitation title. The bonds are executed in accordance with the Code of Maryland and must be approved as to form and legal sufficiency by the County Attorney before execution. These bond requirements apply to the VanGo Transit Operations Management contract opportunity for Charles County, which is a transportation operations service funded approximately 50 percent by the Federal Transit Administration with oversight by the Maryland Transit Administration. The bonds ensure contractor compliance and protect the County's interests in service delivery while also protecting labor and material suppliers through the Labor and Material Bond provision.
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Text version
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS:
That we, as
Principal, HEREINAFTER CALLED PRINCIPAL, AND
AS SURETY, HEREINAFTER CALLED
SURETY, ARE HELD FIRMLY BOUND UNTO CHARLES COUNTY, MARYLAND, A MUNICIPAL CORPORATION, HEREINAFTER CALLED THE COUNTY, IN THE AMOUNT OF WORDS
DOLLARS, AND IN FIGURES
$ , FOR THE PAYMENT
WHEREOF PRINCIPAL AND SURETY BIND THEMSELVES, THEIR HEIRS, EXECUTORS, ADMINISTRATORS, SUCCESSORS AND ASSIGNS, JOINTLY AND SEVERALLY, FIRMLY BY THESE PRESENTS.
WHEREAS, THE PRINCIPAL HAS ENTERED INTO A WRITTEN CONTRACT DATED
, 20 WITH THE COUNTY FOR
ITB Number:
ITB Solicitation Title:
WHICH CONTRACT BY REFERENCE MADE PART THEREOF AND HEREINAFTER REFERRED TO AS THE CONTRACT.
NOW THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, THAT THE PRINCIPAL SHALL WELL, TRULY AND PROPERLY PERFORM AND FULFILL ALL OF THE UNDERTAKINGS, COVENANTS, TERMS, CONDITIONS
AND AGREEMENTS OF SAID CONTRACT AND OF ALL SUCH ALTERATIONS AND MODIFICATIONS, DURING THE
ORIGINAL TERMS OF SAID CONTRACT AND ANY EXTENSIONS THEREOF WHICH MAY BE GRANTED BY THE
COUNTY AND AGREED UPON BY THE PRINCIPAL; AND IF THE PRINCIPAL SHALL INDEMNIFY AND SAVE
HARMLESS THE COUNTY FROM ALL LOSS, COST OR DAMAGE ARISING OUT OF A DEFAULT HEREUNDER OR
UNDER SAID CONTRACT, THEN THIS OBLIGATION SHALL BE NULL AND VOID; OTHERWISE IT SHALL BE AND
REMAIN IN FULL FORCE AND EFFECT.
THE SURETY EXPRESSLY WAIVES ANY RIGHT TO RECEIVE NOTICE OF EXTENSIONS OF TIME, OR ALTERATIONS
OR MODIFICATIONS OF THE CONTRACT WHICH ARE PROVIDED FOR AND MADE PURSUANT TO THE TERMS OF
SAID CONTRACT.
PROVIDED, HOWEVER, NO RIGHT OF ACTION SHALL ACCRUE ON THIS BOND TO OR FOR THE USE OF ANY
PERSON, FIRM OR CORPORATION WHATEVER OTHER THAN THE COUNTY NAMED HEREIN, OR ITS SUCCESSORS
IN OFFICE.
SIGNED AND SEALED THIS DAY OF , 20
IN THE PRESENCE OF: (SEAL)
PRINCIPAL: (SEAL)
SURETY: (SEAL)
APPROVED AS TO FORM AND LEGAL SUFFICIENCY BY COUNTY ATTORNEY:
CONTRACTOR’S LABOR AND MATERIAL BOND
KNOW ALL MEN BY THESE PRESENTS:
THAT WE AS PRINCIPAL
HEREINAFTER CALLED PRINCIPAL, AND AS SURETY
HEREINAFTER CALLED SURETY, ARE HELD FIRMLY BOUND UNTO CHARLES COUNTY, MARYLAND, A
MUNICIPAL CORPORATION, HEREINAFTER CALLED THE COUNTY, IN THE AMOUNT OF WORDS
, AND IN FIGURES $
FOR THE PAYMENT WHEREOF PRINCIPAL AND SURETY BIND THEMSELVES, THEIR HEIRS,
EXECUTORS, ADMINISTRATORS, SUCCESSORS AND ASSIGNS, JOINTLY AND SEVERALLY, FIRMLY
BY THESE PRESENTS.
WHEREAS, THE PRINCIPAL HAS ENTERED INTO A WRITTEN CONTRACT DATED
ITB NO.
ITB SOLICITATION TITLE:
WHICH CONTRACT BY REFERENCE MADE PART THEREOF AND HEREINAFTER REFERRED TO AS
THE CONTRACT.
NOW THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, THAT THE PRINCIPAL SHALL
MAKE PAYMENT TO EACH AND EVERY CLAIMANT, AS HEREINAFTER DEFINED, FOR ALL LABOR,
MATERIALS, SUPPLIES AND RENTAL OF EQUIPMENT REASONABLY REQUIRED AND USED OR
CONSUMED IN THE PERFORMANCE OF THE CONTRACT AND OF ALL SUCH ALTERATIONS AND
MODIFICATIONS OF SAID CONTRACT AS MAY HEREAFTER BE MADE THEREIN, IN THE MANNER
AND TO THE EXTENT WHICH SAID CONTRACT PROVIDES FOR SUCH ALTERATIONS AND
MODIFICATIONS, DURING THE ORIGINAL TERMS OF SAID CONTRACT AND ANY EXTENSIONS
THEREOF WHICH MAY BE GRANTED BY THE COUNTY AND AGREED UPON BY THE PRINCIPAL;
THEN THIS OBLIGATION SHALL BE NULL AND VOID; OTHERWISE IT SHALL BE AND REMAIN IN
FULL FORCE AND EFFECT.
THE SURETY EXPRESSLY WAIVES ANY RIGHT TO RECEIVE NOTICE OF EXTENSIONS OF TIME, OR
ALTERATIONS OR MODIFICATIONS OF THE CONTRACT WHICH ARE PROVIDED FOR AND MADE
PURSUANT TO THE TERMS OF SAID CONTRACT.
PROVIDED, HOWEVER, ANYTHING IN SAID CONTRACT TO THE CONTRARY
NOTWITHSTANDING, THIS BOND IS EXECUTED UPON AND IN ACCORDANCE WITH THE CODE OF
MARYLAND.
SIGNED AND SEALED THIS DAY OF , 20
IN THE PRESENCE OF: (SEAL)
PRINCIPAL: (SEAL)
SURETY: (SEAL)
APPROVED AS TO FORM AND LEGAL SUFFICIENCY BY COUNTY ATTORNEY:
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