Springfield Boiler Replacement - Payment Bond Form.pdf
PDF 81 KB Posted
- Attached to
- Roderick Ireland Courthouse - Boiler Replacement
- Solicitation number
- BD-27-1107-FREG5-ACCOU-132832
- Issued by
- Hampden County, Massachusetts
About this file
This is a Payment Bond Form issued by the Commonwealth of Massachusetts Department of Capital Asset Management (DCAM) for the Roderick Ireland Courthouse Boiler Replacement project under the Executive Office of the Trial Court, Office of Court Management, Facilities Management Department. The bond serves as a financial guarantee that the principal contractor will pay all labor, materials, and authorized modifications for the boiler replacement work. The project involves replacing Boiler Number 2 with a unit compatible with the existing proprietary Aerco Boiler Sequencer system, requiring all necessary labor, equipment, and materials to complete the installation.
The Payment Bond Form is a standardized template that establishes a binding obligation between the contractor as principal and a surety company, securing payment to the Commonwealth of Massachusetts in an amount to be specified. The bond is conditioned upon the contractor's fulfillment of all payment obligations under the contract, including labor, materials, and any authorized contract modifications or extensions. The form references compliance with Massachusetts General Laws Chapter 30, Section 39A and Chapter 149, Section 29, establishing the legal framework governing the bond's enforcement and the contractor's payment obligations throughout the project term.
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Text version
DCAM Payment Bond 4/02
PAYMENT BOND
Know all men by these presents, that as principal, and __________________________________________________________ as surety, are held and firmly bound unto the Commonwealth of Massachusetts in the sum of ___________________________________________________ ($ ) in lawful money of the United States of America, to be paid to the Commonwealth of Massachusetts, for which payments, well and truly to be made, we bind ourselves, our respective heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
Whereas, the said principal has made a Contract with the Commonwealth acting through its ___Executive Office of the Trial Court, Office of Court Management, Facilities Management Department___ (“Awarding Authority”) bearing date of _________________________, 20____, for the construction of Project No. /Contract No.
Project Name ____________
Now the condition of this obligation is such that if the principal shall pay for all labor performed or furnished and for all materials used or employed in said Contract and in any and all duly authorized modifications, alterations, extensions of time, changes or additions to said Contract that may hereafter be made, notice to the surety of such modifications, alterations, extensions of time, changes or additions being hereby waived, the foregoing to include any other purpose or items set out in, and to be subject to, provisions of Massachusetts General Laws Chapter 30, section 39A, and Chapter 149, section 29, as amended, then this obligation shall become null and void; otherwise it shall remain in full force and virtue.
In witness whereof we hereunto set our hand and seals this _________ day of _________________________, 20__.
____________________________ (Seal) ____________________________(Seal) (Print Name of General Contractor) (Print Name of Surety)
By _________________________ ____________________________ (Signature - Title) (Signature - Title)
Surety Address _______________________
File details come from the government source that posted it. Updated .