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Project Name DOCUMENT 00613 PERFORMANCE BOND Date Bond Executed : (Must be same or later than Contract Date) Metropolitan Council Division: Metropolitan Council Project Name: Metropolitan Council
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How to fill out performance bond 00613
How to fill out performance bond 00613
01
To fill out Performance Bond 00613, follow these steps:
02
Begin by opening the bond document and reading through it carefully.
03
Fill in the necessary information in the designated fields, such as the name of the surety company, the principal, and the obligee.
04
Provide the project details, including the project name, location, and scope of work.
05
Enter the bond amount, which is typically specified in the contract or as required by the obligee.
06
Include any additional terms or conditions as per the project requirements.
07
Review the filled out form for accuracy and completeness.
08
Once you are satisfied, sign the bond document and have it signed by the principal and the surety company.
09
Submit the filled out and signed Performance Bond 00613 to the obligee as per the contract instructions.
10
Keep a copy of the bond for your records and send a copy to the principal and the surety company.
11
It is recommended to consult with a legal professional or bonding agent to ensure all requirements are met.
Who needs performance bond 00613?
01
Performance Bond 00613 is typically needed by construction contractors, suppliers, and other parties involved in construction projects.
02
The bond serves as a guarantee to the project owner or obligee that the principal (contractor) will fulfill their contractual obligations and perform the specified work according to the contract terms.
03
It provides protection to the obligee in case of default, non-completion, or other breaches by the principal.
04
Depending on the project requirements and contract specifications, the obligee may require the contractor to obtain a performance bond.
05
The need for Performance Bond 00613 may vary based on the specific project, its size, complexity, and contractual agreements.
06
It is advisable to consult with the obligee or a legal professional to determine if Performance Bond 00613 is required for a particular project.
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What is performance bond 00613?
Performance bond 00613 is a type of surety bond that guarantees the performance of a contract or obligation.
Who is required to file performance bond 00613?
Contractors or parties entering into a contract may be required to file performance bond 00613.
How to fill out performance bond 00613?
To fill out performance bond 00613, you will need to provide information about the project or contract, the amount of the bond, and any other required details.
What is the purpose of performance bond 00613?
The purpose of performance bond 00613 is to ensure that the terms of a contract are met and that the project is completed according to the agreed-upon specifications.
What information must be reported on performance bond 00613?
Performance bond 00613 may require information such as the project details, the bond amount, the parties involved, and any other relevant information.
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