Town_of_Manchester_Labor_and_Materials_Payment_Bond.pdf
PDF 27 KB Posted
- Attached to
- 2026 ON-CALL SIDEWALK SPOT REPAIR PROGRAM
- Solicitation number
- 25/26-48
- Issued by
- Hartford County, Connecticut
About this file
This is a Labor and Material Payment Bond form issued by the Town of Manchester, Connecticut for use in conjunction with a construction contract. The bond is executed simultaneously with a performance bond and is conditioned upon the principal's full payment for all labor and materials furnished by the principal or its subcontractors during the execution of the contracted work. The bond amount is to be specified at execution, and the obligation remains in full force and effect unless all labor and materials are paid in accordance with the contract terms.
The bond is governed by Sections 49-41, 49-41a, 49-41b, 49-42, and 49-43 of the Connecticut General Statutes and any other applicable state laws, which define and limit the rights and liabilities of the bonding parties. The document requires execution by both the principal and surety, with signatures and seals affixed on specified dates. This payment bond protects the Town of Manchester and serves the use and benefit of claimants, including laborers, materialmen, and other parties who may furnish labor or materials to the project.
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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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