HomeMy WebLinkAboutIFB 2026111-02 Delivery of Election Equipment and Supplies PERFORMANCE BOND
CONTRACTOR PERFORMANCE BOND
COUNTY OF FRANKLIN
IFB 2026111-02 DELIVERY AND PICK-UP OF ELECTION EQUIPMENT AND SUPPLIES
KNOW ALL PERSONS BY THESE PRESENTS that we,
________________________________ (Contractor Name),
____________________________________________________________ (Contractor Address),
as Principal (“Principal”), and _________________________________ (Legal Title of Surety), a
corporation organized and existing under the laws of ________________________ (State), as
Surety (“Surety”), are held and firmly bound unto the COUNTY OF FRANKLIN, its successor(s),
grantee(s), or assignee(s), as the owner Obligee (“Obligee”), for the use and benefit of
Claimants as hereinafter set forth, in the amount of one hundred percent (100%) of the
Contract Sum of _________________________________ Dollars
($_________________________________), lawful money of the United States of America, for
the payment whereof Principal and Surety, jointly and severally bind themselves, their heirs,
executors, administrators, successors, and assigns to Obligee to pay for the performance of the
Contract, and firmly by these presents.
WITNESSETH THAT:
WHEREAS, Principal has by written agreement dated ___________________________,
20___, entered into a Contract with Obligee to perform certain construction work for Obligee,
in connection with the _________________________________ (“Franklin County Jail Floor
Replacement”), located in ______________________,__________ (City, State) pursuant to the
plans, specifications, and other related documents, prepared by
_____________________________________________ (Contractor Name),
_________________________________________________________ (Contractor
Address),which Contract is incorporated herein by reference as if set forth in full
(the“Contract”);
WHEREAS, Obligee is a “contracting body” under provisions of Act No. 385 of the General
Assembly of the Commonwealth of Pennsylvania, approved by the Governor on December 20,
1967, known and cited as the “Public Works Contractors’ Bond Law of 1967” (the “Act”);
WHEREAS, The Act, in Section 3.1(a), requires that, before an award shall be made to Principal
by Obligee in accordance with the Contract, Principal shall furnish this Bond to Obligee, with
the Bond to become binding upon the award of the Contract to Principal by Obligee; and
WHEREAS, it also is a condition of the Contract that this Bond shall be furnished by Principal to
Obligee; and
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that: (a) if Principal well, truly,
and faithfully complies and performs the Contract, according to the terms of the Contract,
including all changes and amendments thereto, which are incorporated by reference into this
Bond as if set forth in full, and if Principal satisfies all claims and demands incurred in or related
to the performance of the Contract by Principal or growing out of the performance of the
Contract by Principal, and if Principal indemnifies completely and saves harmless Obligee and
all of its officers, agents, and employees from any and all costs and damages which Obligee and
all of its officers, agents, and employees may sustain or suffer by reason of the failure of
Principal to do so, and if Principal reimburses completely and pays to Obligee any and all costs
and expenses which Obligee and all of its officers, agents, and employees may incur by reason
of any such default or failure of Principal; and (b) if Principal remedies, without cost to Obligee,
all defects which may develop during the period of two (2) years from the date of completion
by Principal and acceptance of Obligee of the work to be performed under the Contract, which,
in the sole judgment of Obligee or its legal successors in interest, were caused by or resulted
from defective or inferior materials or workmanship; then this Bond shall be void; otherwise,
this Bond shall be and shall remain in force and effect.
Whenever Principal is and is declared by Obligee to be in default under the Contract, Surety
may promptly remedy the default or shall promptly:
(a) Complete the Contract in accordance with its terms and conditions or
(b) Obtain a bid or bids for submission to Obligee for completing the Contract in
accordance with its terms and conditions and, upon determination by Obligee and
Surety of the lowest responsive bidder, arrange for a contract for completion between
such bidder and Obligee 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 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 Obligee to Principal under the
Contract and any amendments thereto less the amount properly paid by Obligee to
Principal.
If Surety does not promptly remedy the default or proceed with reasonable promptness to
perform its obligations under this Bond, Surety shall be deemed to be in default of this Bond
fifteen (15) days after receipt of written notice from Obligee to Surety that demands Surety
perform its obligations under this Bond. Obligee shall be entitled to enforce any remedy
available to Obligee.
This Bond is executed and delivered under and subject to the Act to which reference hereby is
made.
No action upon this Bond shall be commenced after the expiration of one (1) year from the day
upon which Principal is declared to be in default by Obligee or within one (1) year after Surety
fails to perform its obligation under the Bond, whichever occurs later.
No right of action shall accrue on this Bond to any person or entity other than Obligee or its
heirs, executors, administrators, or successors.
Every action upon this Bond shall be instituted either in the Court of Common Pleas of Franklin
County or in the United States District Court for the Middle District of Pennsylvania and not
elsewhere.
Principal and Surety agree that: any alterations, changes, and/or additions to the Contract; any
alterations, changes, and/or additions to the work to be performed under the Contract; any
giving by Obligee of any extensions of time for the performance of the Contract; any act of
forbearance of either Principal or Obligee toward the other with respect to the Contract;
and/or the reduction of any percentage to be retained by Obligee as permitted by the Contract
shall not release, in any manner whatsoever, Principal and/or Surety or their heirs, executors,
administrators, successors, and assigns from liability and obligations under this Bond. For value
received, Surety waives notice of any such alterations, changes, additions, extensions of time,
acts of forbearance and/or reduction of retained percentage.
If Principal is a foreign corporation (incorporated under any laws other than those of the
Commonwealth of Pennsylvania), further terms and conditions of this Bond include that
Principal or Surety shall neither be discharged from liability on this Bond nor this Bond
surrendered until such Principal files with Obligee a certificate from the Pennsylvania
Department of Revenue, evidencing the payment in full of all bonus taxes, penalties, and
interest, and a certificate from the Bureau of Employment and Unemployment Compensation
of the Pennsylvania Department of Labor and Industry, evidencing the payment of all
unemployment compensation, contributions, penalties, and interest due to the Commonwealth
from said Principal or any foreign corporation or subcontractor thereunder or for which liability
has accrued but the time for payment has not arrived, all in accordance with provisions of the
Act of June 10, 1947, P.L. 493, of the Commonwealth of Pennsylvania.
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IN WITNESS WHEREOF, Principal and Surety cause this Bond to be signed, sealed
and delivered this ______ day of __________________, 20 ______.
(For Use When Principal is an Individual Proprietor)
PRINCIPAL:
WITNESS:
By: (SEAL)
Signature of Witness Signature of Proprietor
Print Name of Proprietor
CORPORATE SURETY:
WITNESS OR ATTEST:
Name of Corporate Surety
By:
CORPORATE SEAL Title: ______________________________
IN WITNESS WHEREOF, Principal and Surety cause this Bond to be signed, sealed
and delivered this _____ day of __________________, 20 ______.
(For Use When Principal is a Partnership)
PRINCIPAL:
WITNESS:
Name of Partnership
By: (SEAL)
Signature of Witness Signature of General Partner
Print Name of General Partner
CORPORATE SURETY:
WITNESS OR ATTEST:
Name of Corporate Surety
By:
CORPORATE SEAL Title: ______________________________
IN WITNESS WHEREOF, Principal and Surety cause this Bond to be signed, sealed
and delivered this _____ day of __________________, 20 ______.
(For Use When Principal is a Corporation)
PRINCIPAL:
ATTEST:
Name of Corporation
By:
Secretary/Assistant Secretary/ President/Vice President/
Treasurer/Assistant Treasurer/ Other Authorized Representative
Other Authorized Representative
Name of Corporate Representative
CORPORATE SURETY:
WITNESS OR ATTEST:
Name of Corporate Surety
By:
CORPORATE SEAL Title: ______________________________
IN WITNESS WHEREOF, Principal and Surety cause this Bond to be signed, sealed
and delivered this _____ day of __________________, 20 ______.
(For Use When Principal is a Limited Liability Company)
PRINCIPAL:
ATTEST:
Name of Limited Liability Company
By:
Authorized Representative Authorized Representative
Name of Corporate Representative
CORPORATE SURETY:
WITNESS OR ATTEST:
Name of Corporate Surety
By:
CORPORATE SEAL Title: ______________________________