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This document outlines the Performance Bond requirements for contracts over $100,000 with the Houston Independent School District for construction projects in Texas.
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How to fill out performance bond

01
Gather all necessary documentation including the contract specifying the terms of the performance bond.
02
Contact a surety company to request a performance bond application.
03
Complete the application form with all required information including financial statements and project details.
04
Submit the application along with any requested documentation to the surety company for review.
05
Once approved, sign the performance bond agreement and provide the necessary collateral if required.

Who needs performance bond?

01
Contractors bidding on construction projects often need to provide a performance bond to guarantee their work to the project owner.
02
Government agencies may require performance bonds for public projects to ensure completion of the work according to specifications.
03
Some private project owners may also request performance bonds to protect their investment and ensure the project is completed as agreed upon.

What is Perance Bond Form?

The Perance Bond is a writable document that should be submitted to the required address to provide certain info. It has to be filled-out and signed, which is possible manually, or using a certain software like PDFfiller. This tool helps to fill out any PDF or Word document right in the web, customize it according to your needs and put a legally-binding e-signature. Once after completion, the user can send the Perance Bond to the relevant receiver, or multiple recipients via email or fax. The editable template is printable as well due to PDFfiller feature and options offered for printing out adjustment. In both digital and in hard copy, your form will have got neat and professional outlook. Also you can turn it into a template to use it later, so you don't need to create a new file over and over. All you need to do is to customize the ready sample.

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A performance bond is a type of surety bond that guarantees the completion of a project or fulfillment of contractual obligations by a contractor to an owner.
Typically, contractors who are awarded public or private projects that require a performance guarantee must file a performance bond.
To fill out a performance bond, one must provide details including the principal (contractor), obligee (project owner), bond amount, project description, and the surety company's information.
The purpose of a performance bond is to protect the project owner by ensuring that the project will be completed as agreed, or compensate them for the costs incurred if the contractor fails to do so.
Information that must be reported on a performance bond includes the names and addresses of the principal, obligee, bond amount, project details, and surety company details.
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