Springfield Juv - Elevator Rm AC - Payment Bond Form.pdf
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- Solicitation number
- BD-27-1107-FREG5-ACCOU-132495
- Issued by
- Massachusetts
About this file
This is a Payment Bond Form issued by the Commonwealth of Massachusetts, Department of Capital Asset Management (DCAM), involving the Executive Office of the Trial Court, Office of Court Management, and the Facilities Management Department as the awarding authority. The document pertains to the installation of a split air conditioning system with one cooling head in the basement elevator room at Springfield Juvenile facility. The payment bond serves as a financial guarantee that the principal contractor will pay all labor costs, materials, and equipment necessary to complete the project, including any authorized modifications, alterations, extensions of time, changes, or additions to the contract. The bond is executed jointly and severally by the contractor as principal and a surety entity, binding both parties to the Commonwealth of Massachusetts.
The payment bond amount is to be determined and filled in at execution, with the bond structured in accordance with Massachusetts General Laws Chapter 30, Section 39A, and Chapter 149, Section 29, as amended. The form requires the contractor and surety to execute the bond with their signatures and seals, providing respective addresses and titles. This payment bond is a standard requirement for public construction contracts in Massachusetts, ensuring that all vendors, laborers, and material suppliers are paid for work and materials provided on the project. The specific contract date, project number, and contract number are to be completed upon contract award.
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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 _______________________
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