Town_of_Manchester_Labor_and_Materials_Payment_Bond.pdf
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- Attached to
- FOREBAY DREDGING AT CENTER SPRINGS POND
- Solicitation number
- 25/26-27
- Issued by
- Hartford County, Connecticut
About this file
This is a Labor and Material Payment Bond issued by the Town of Manchester, Connecticut for a dredging project at Center Springs Pond (Bid No. 25/26-27). The bond is executed simultaneously with a performance bond and is conditioned upon the principal contractor's full payment for all labor and materials furnished by the contractor or its subcontractors in the prosecution of the work. Sealed bids for the forebay dredging project will be accepted through the Town's eProcurement Portal until 2:00 pm on Tuesday, December 9, 2025, at which time bids will be publicly opened and read aloud. Any bids received after the specified deadline will not be considered for award.
The bond amount is to be completed by the principal and surety upon execution and is governed by Connecticut General Statutes Sections 49-41, 49-41a, 49-41b, 49-42, and 49-43, as well as any other applicable state laws. The bond serves to protect the Town and claimants by ensuring that all labor and materials used in the project are paid for in full. The specific bond amount, contract date, and work scope details are to be inserted into the blank spaces provided in the bond document prior to execution by both the principal and surety.
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Text version
LABOR AND MATERIAL PAYMENT BOND
Bond No._________
Note: This bond is issued simultaneously with another bond in favor of the Town of Manchester, Connecticut conditioned for the full and faithful performance of the Contract.
KNOW ALL MEN BY THESE PRESENTS:
THAT as Principal, hereinafter called "PRINCIPAL," and as Surety, hereinafter called "SURETY," are held and firmly bound unto the Town of Manchester, Connecticut, as Obligee, hereinafter called "TOWN," for the use and benefit of claimants as herein below defined, in the amount of ______________________________________ Dollars
($___________________), for the payment whereof PRINCIPAL and SURETY bind themselves, their heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents.
WHEREAS, PRINCIPAL has by written Contract dated entered into a Contract with
Town for made a part hereof, and is hereinafter referred to as the "CONTRACT."
NOW, THEREFORE, the condition of this obligation is such, that if the said PRINCIPAL shall pay for all labor and materials furnished to himself or his Subcontractors for use in the prosecution of the Work, and used therein, then, this obligation to be void; otherwise to remain in full force and effect.
PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of Sections 49-41, 49-
41a, 49-41b, 49-42 and 49-43 of the General Statutes (C.G.S.A. and Supp. 1989) of the State of Connecticut and any other applicable laws, and the rights and liabilities hereunder shall be determined and limited by said sections and said other applicable laws, to the same extent as if they were copied at length herein.
Signed and sealed this ______________ day of _____________________, A.D., 20__.
In the Presence of:
(SEAL)
(PRINCIPAL)
By:
(SURETY)
By:
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