Get the free Performance Bond Form - the village of highland hills, ohio

Village of Highland Hills, Ohio Performance Bond (WHO 1329.02) That, as Principal, (CONTRACTOR), and, as Surety, (SURETY), are held and bound unto the Village of Highland Hills, (VILLAGE OF HIGHLAND

How to fill out performance bond form

How to fill out performance bond form:

1. Gather all necessary information such as project details, contract number, and date of issuance.
2. Fill in the obligee's information, including their name, address, and contact details.
3. Provide the principal's information, which may include their name, business name, and contact information.
4. Include the surety company's details, such as their name, address, and contact information.
5. Specify the project name, location, and description.
6. State the contract amount and the performance bond amount.
7. Include any relevant attachments or exhibits, such as the contract agreement or bid documents.
8. Ensure all required signatures are obtained, including those of the principal, surety company representative, and obligee.
9. Review the form for accuracy and completeness before submission.

Who needs a performance bond form:

1. Construction contractors or subcontractors working on public projects.
2. Private developers who require performance and payment bonds from their contractors.
3. Government agencies or entities that want to protect themselves against potential losses due to contractor default.
4. Project owners looking to ensure completion of a construction project as per the agreed-upon contract terms.
5. Suppliers or vendors who want assurance of payment for goods or services provided to contractors or subcontractors on a project.

For pdfFiller’s FAQs

What is performance bond form?

A performance bond form is a legal document that guarantees the completion of a specific project or contract, ensuring that the required performance standards will be met.

Who is required to file performance bond form?

The party or parties responsible for fulfilling the performance obligations outlined in a contract or project are typically required to file a performance bond form.

How to fill out performance bond form?

To fill out a performance bond form, you will typically need to provide information such as the project or contract details, the amount of the bond, the parties involved, and any other specific requirements outlined by the obligee.

What is the purpose of performance bond form?

The purpose of a performance bond form is to protect the obligee, usually the project owner or contract beneficiary, from financial loss in case the contractor or performing party fails to fulfill their obligations.

What information must be reported on performance bond form?

The specific information required on a performance bond form may vary, but it generally includes details about the project or contract, the parties involved, the bond amount, any conditions or requirements, and signatures of the relevant parties.

When is the deadline to file performance bond form in 2023?

The deadline to file the performance bond form in 2023 may vary depending on the specific project or contract. It is important to refer to the terms and conditions outlined in the contract or consult with the obligee to determine the exact deadline.

What is the penalty for the late filing of performance bond form?

The penalty for the late filing of a performance bond form can vary depending on the terms and conditions outlined in the contract, local laws, and the discretion of the obligee. It may include financial penalties, project delays, loss of certain rights or benefits, or other repercussions as stipulated in the contract.

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