Town_of_Manchester_Performance_Bond.pdf

8 KB Posted

Attached to
FOREBAY DREDGING AT CENTER SPRINGS POND
Solicitation number
25/26-27
Issued by
Hartford County, Connecticut

About this file

Written by GovTribe AI ·

This is a Performance Bond template issued by the Town of Manchester, Connecticut, for use in conjunction with government contracts. The bond serves as a financial guarantee that a contractor (Principal) will faithfully perform work according to contract terms, with a surety company providing backup assurance. The bond is specifically designed to ensure that all work is completed in accordance with contract specifications and conditions, and that all wages paid to mechanics, laborers, and workmen meet or exceed the prevailing wage rates established for the Town of Manchester. The bond relates to Bid No. 25/26-27 for Forebay Dredging at Center Springs Pond, with sealed bids due by 2:00 pm on Tuesday, December 9, 2025, at which time bids will be publicly opened and read aloud through the Town's eProcurement Portal.

The bond amount is left blank in this template and will be determined based on the total contract value. Should the contractor default on the contract after the Town performs its obligations, the surety must either complete the work according to contract terms or arrange for an alternative contractor to complete the project. The surety's liability is capped at the bond amount and covers all costs of completion less any remaining balance of the original contract price. The bond is exclusively enforceable by the Town of Manchester and protects the municipality's interests in project completion and compliance with prevailing wage requirements.

View the file

Other files

File Type Posted
FOREBAY_DREDGING_AT_CENTER_SPRINGS_POND.pdf PDF
Plan_showing_original_construction_of_forebay,_fishing_pier_and_wier.pdf PDF
Project_Plans.pdf PDF
State_of_CT_Prevailing_Wage_Rates.pdf PDF
Technical_Specifications.pdf PDF
DWSRF_Contracting_Requirements2.pdf PDF
Special_Provisions_-_DBE_Requirements_for_Federal_Funded_Projects.pdf PDF
Connecticut_Natural_Gas_Requirements.pdf PDF
CDBG_Requirements.pdf PDF
Required_Provisions_-_FHWA_funded_projects.pdf PDF
Town_of_Manchester_Living_Wage_Certification_Form.pdf PDF
DWSRF_1445_Labor_Standards_Interview_Form.pdf PDF
Prevailing_Wage_Notes_and_Certification_Form_(Attachments_as_of_2023-09-27).pdf PDF
CTDOT_Pre-Award_DBE_Approval_Request_Form.pdf PDF
Town_of_Manchester_2025_Holiday_Calendar.pdf PDF
Contract_langauge_-_municipal_projects-_CHRO.pdf PDF
Town_of_Manchester_Contract_(Blank).pdf PDF
Town_of_Manchester_Labor_and_Materials_Payment_Bond.pdf PDF
Show all 18

On GovTribe

Work with this file

  • Download the original file
  • Contacts named in this file
  • Similar government files
  • Ask GovTribe AI about this file
Try for free Login

Text version

The file's text, extracted by GovTribe without its formatting.

PERFORMANCE BOND

Bond No.____________

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," 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 _____________________________________________________________ which Contract is by reference made a part hereof, and is hereinafter referred to as the

"CONTRACT."

NOW, THEREFORE, the condition of this obligation is such that, if PRINCIPAL shall promptly and faithfully perform said CONTRACT, and shall certify in writing that all wages paid under said

CONTRACT to any mechanic, laborer or workman were equal to the rates of wages customary or then prevailing for the same trade or occupation in the Town of Manchester, then this obligation shall be null and void, otherwise it shall remain in full force and effect.

Whenever PRINCIPAL shall be, and declared by the TOWN to be in default under the

CONTRACT, the TOWN having performed its obligations thereunder, the SURETY may promptly remedy the default, or shall promptly:

1. Complete the CONTRACT in accordance with its terms and conditions; or

2. Obtain a bid or bids for submission to the TOWN for completing the CONTRACT in accordance with its terms and conditions, and upon determination by the TOWN and SURETY of the lowest possible bidder, arrange for a CONTRACT between such bidder and the TOWN, and make available as work progresses (even though there should be a default or a succession of defaults under the CONTRACT or Contracts of completion arranged under this paragraph) sufficient funds to pay the cost of completion less the balance of the Contract Price; but not exceeding, including other costs and damages for which the SURETY may be liable hereunder, the amount set forth in the first paragraph hereof. The term, "Balance of the Contract Price," as used in this paragraph, shall mean the total amount payable by the TOWN to PRINCIPAL under the

CONTRACT and any amendments thereto, less the amount properly paid by the TOWN to the

PRINCIPAL.

No right of action shall accrue on this bond to or for the use of any person or corporation other than the

TOWN named herein or the heirs, executors, administrators or successors of TOWN.

Signed and sealed this ______________ day of ________________________, A.D., 20__.

In the Presence of:

(SEAL)

(PRINCIPAL)

By:

(SURETY)

By:

File details come from the government source that posted it. Updated .