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FORM C1 PERFORMANCE BOND FOR DEVELOPER WATER EXTENSIONS NAME OF PROJECT: KNOW ALL BY THESE PRESENTS: That whereas King County Water District No. 125 of King County, Washington a municipal corporation,
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How to fill out form C1 performance bond:

01
Start by gathering all the necessary information and documents required for the form. This may include the bond amount, project details, and any relevant contractor information.
02
Fill out the top section of the form, providing the project name, project number, and the name and address of the obligee (the party requiring the bond).
03
Next, enter the name and address of the principal (the party providing the bond), as well as the name and address of the surety company issuing the bond.
04
Complete the bond amount section, indicating the total value of the performance bond.
05
Include the effective date and the expiration date of the bond in the specified fields.
06
The form may require you to describe the purpose of the bond or provide any additional information relevant to the bond.
07
Sign and date the form, ensuring that all required signatures are included. This may involve the principal, surety company, and any other necessary parties.
08
Once completed, submit the form to the obligee or relevant authority.

Who needs form C1 performance bond:

01
Contractors working on construction projects may be required to obtain a performance bond, which is a guarantee that the contractor will complete the project as specified.
02
Project owners or obligees often insist on performance bonds to protect their investment and ensure that the contracted work is properly performed.
03
Performance bonds are typically required for large-scale projects, government contracts, and construction jobs, but the specific need for this form can vary based on the project and contractual agreements.
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Form C1 performance bond is a financial guarantee required by certain parties to ensure that a contract will be fulfilled according to its terms.
Contractors or parties entering into a construction contract may be required to file form C1 performance bond.
Form C1 performance bond typically requires information about the contractor, project details, and the amount of the bond.
The purpose of form C1 performance bond is to protect the project owner or client against financial loss if the contractor fails to complete the project.
Information such as contractor details, project description, bond amount, and legal obligations may need to be reported on form C1 performance bond.
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Washington seq C1-1 C1 severally hereof thereunder C1-2 suretys pecuniary successors executors hereinafter indemnify subcontractors aforesaid irrespective covenants undersigned COUNTERSIGNED surety WHEREOF assigns additions jointly purview administrators

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