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MSD DRAINAGE FACILITY PERFORMANCE AND MAINTENANCE BOND as Surety (Surety) and, (Contractor) and (Developer) as Principals (Principals), enter into and execute this bond (Performance and Maintenance
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How to fill out drainage performance bond template

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How to fill out drainage performance bond template

01
To fill out a drainage performance bond template, follow these steps:
02
Begin by entering the name and address of the surety company providing the bond.
03
Next, provide the name and address of the principal, who is the contractor responsible for the drainage project.
04
Include the name and address of the obligee, which is typically the government agency or project owner requiring the bond.
05
Specify the project information, such as the project name, location, and description.
06
Fill in the bond amount, which is the maximum amount the surety will pay to fulfill the obligations under the bond.
07
Include the effective date of the bond and the expiration date, which indicates the period of coverage.
08
Provide the terms and conditions of the bond, including any special provisions or requirements.
09
Finally, both the surety company and principal must sign and date the bond to validate it.

Who needs drainage performance bond template?

01
Drainage performance bond templates are needed by contractors or construction companies involved in projects that require drainage systems.
02
These projects can include road construction, building development, stormwater management, or any other construction activity involving drainage infrastructure.
03
Additionally, government agencies, municipalities, or project owners that want to ensure the completion and proper functioning of drainage systems may also require a drainage performance bond.
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A drainage performance bond template is a legal document that ensures a contractor will complete a drainage project according to the terms of the contract.
Contractors or developers undertaking a drainage project are required to file a drainage performance bond template.
To fill out a drainage performance bond template, you will need to provide information about the project, the contractor, and the bonding company.
The purpose of a drainage performance bond template is to protect the project owner in case the contractor fails to complete the project or fulfill their obligations.
The drainage performance bond template must include details about the project, contractor, and bonding company, as well as the bond amount and any conditions or requirements.
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Relevant keywords

2005 1913 kentucky msd document2 obligee hereunto hereof hereunder krs affixed successors alternation executors indemnify hereinafter defaults waives hereto surety whereof elects assigns jointly progresses arising administrators herein null exceeding ky c

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