DOCUMENT

FORM - Payment & Performance Bond

  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: FORM - Form
The document is a payment and performance bond between a principal and a surety, with the City of Everett as the obligee. The principal has entered into a contract with the City of Everett to provide materials and perform certain work. The bond ensures that the principal will comply with the terms of the contract and fulfill all obligations within the specified time frame. If the principal fulfills these requirements and pays all laborers, subcontractors, and suppliers as required by law, the bond will be void. The document includes spaces for the bond number, the sum of money involved, and the date. It also includes the signatures of the principal and surety, as well as the approval of the city attorney, purchasing manager, and city clerk.
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