CONTRACTOR BOND FORM.docx

The document is a contract bond between a Contractor (referred to as Principal) and a Bonding Company (referred to as Surety) to fulfill obligations under a specific contract with the State of Washington and Spokane County. The bond ensures that the Principal will perform all provisions of the contract, pay all involved parties, and indemnify the Obligees from any losses. It specifies that laborers, subcontractors, and suppliers have a direct right of action under the bond. The Surety agrees that any changes to the contract terms will not affect its obligations. Additionally, the bond ensures that beneficiaries retain their rights even after a final settlement between the Owner and Contractor.