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CA Faithful Performance Bond - City of Glendora 2012-2025 free printable template

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FAITHFUL PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: WHEREAS, the City of Glenda, California, a municipal corporation, (hereinafter “City “) and (hereinafter have entered into an Agreement
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How to fill out CA Faithful Performance Bond - City of Glendora

01
Obtain the CA Faithful Performance Bond form from the City of Glendora's website or office.
02
Fill in the required information about the project and contractor details.
03
Specify the amount of the bond, which is usually based on the contract value.
04
Include the name and address of the principal (contractor) and the surety company.
05
Sign the form where required, ensuring it includes both the contractor's and surety's signatures.
06
Submit the completed bond form to the City of Glendora's office along with any required supporting documentation.
07
Keep a copy of the submitted bond for your records.

Who needs CA Faithful Performance Bond - City of Glendora?

01
Contractors and subcontractors who are performing public works projects in the City of Glendora are required to obtain the CA Faithful Performance Bond.
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The CA Faithful Performance Bond for the City of Glendora is a surety bond that guarantees the contractor will faithfully perform the terms of the contract and complete the project in accordance with municipal regulations and standards.
Contractors who are awarded public works contracts by the City of Glendora are required to file a CA Faithful Performance Bond as a condition to ensure performance and compliance with the contract terms.
To fill out the CA Faithful Performance Bond, the contractor must complete the bond form with required details, including the name of the principal, the surety company, contract amount, and project details, and have it signed by authorized representatives of both the principal and surety.
The purpose of the CA Faithful Performance Bond is to protect the City of Glendora and its citizens by ensuring that contractors complete their work according to the contract specifications, thereby providing financial security against non-performance.
The information that must be reported includes the contractor's name, address, the amount of the bond, the project name and description, and the signature of the surety company and the principal.
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2015 2012 california obligee hereof glendora ies los hereunto anywise thereunder undertakings severally htm successors executors hereinafter guaranty subcontractors covenants signer foregoing surety assigns transact jointly stipulates subscribed enforcing

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