"Performance Bond for Other Than Construction Contracts" - Connecticut

Performance Bond for Other Than Construction Contracts is a legal document that was released by the Connecticut Department of Transportation - a government authority operating within Connecticut.

Form Details:

  • Released on June 3, 1998;
  • The latest edition currently provided by the Connecticut Department of Transportation;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Connecticut Department of Transportation.

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Download "Performance Bond for Other Than Construction Contracts" - Connecticut

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PERFORMANCE BOND FOR OTHER THAN CONSTRUCTION CONTRACTS
DATE BOND EXECUTED (Must be same or later than date of contract)
ConnDOT revised 6/3/98
____________________________
Principal (legal name and business address)
Type of Organization ("X" one)
Individual
Partnership
Joint Venture
Corporation
Other (identify):__________________________________________________________
State of Incorporation: _________________________
Surety (name and business address)
PENAL SUM OF BOND
Million(s)
Thousand(s)
Hundred(s)
Cents
________________________________________________________________________
Contract Date
Contract No.
Option Date
Option No.
OBLIGATION:
We, the Principal and Surety, are firmly bound to the State of Connecticut (hereinafter called the State) in the above penal sum. For payment to the State of amounts up to the penal sun, we bind
ourselves, our heirs, executors, administrators and successors, jointly and severally. If no limit of liability Is Indicated, the limit of liability is the full amount of the penal sum. If no penal sum is stated it
shall be the amount of the contract.
CONDITIONS:
The principal has entered into the contract identified above. PARTY FOR NOTICE; ConnDOT, Purchasing Div. P.O. Box 317548, 2800 Berlin Turnpike, Newington, CT 06131-7546
THEREFORE:
The above obligation is void if the Principal:
Performs and fulfills all he undertakings, covenants, terms, conditions and agreements of the contract during either the base term or an optional term of the
(1)
contract noted above, during any extensions thereof that are granted by the State with or without notice to the Surety, and during the life of any guaranty required under the contract; and
(2) Performs and fulfills all undertakings, covenants, terms, conditions, and agreements of any and all duly-authorized modifications of the contract that are made hereafter. Notice to the Surety of such
modifications is waived.
The guaranty for a base term covers the initial period of performance of the contract and any extensions thereof, excluding any options. The guaranty for an option term covers the period of performance
for the option being exercised and any extensions thereof.
The failure of a Surety to renew a bond for the extension of any option term shall not result in a default of any bond previously furnished covering any base or option term.
WITNESS:
Two witnesses for each of the
and Surety shall indicate by their signatures below that the signatories for the Principal and Surety executed this bond with proper authority on the date(s) Indicated.
Principal
PRINCIPAL
SIGNATURE:
Witness (signature):
seal
Witness (typed name):
SEAL
NAME & TITLE OF
Witness (signature):
SIGNATORY (typed):
DATE:
Witness (typed name):
CORPORATE SURETY
NAME & ADDRESS:
STATE OF INC.
LIABILITY LIMIT
S
$
U
R
E
T
SIGNATURE:
Witness (signature):
Y
CORPORATE SEAL
Witness (typed name):
NAME &TITLE OF SIGNATORY (typed) :
Witness (signature):
DATE:
Witness(typed name):
TOTAL: $
BOND PREMIUM: RATE PER THOUSAND: $
INSTRUCTIONS:
1. This form is authorized for use in connection with State contract. Any alteration of this form will result in the bond's rejection as non-responsive.
2. Insert full legal name and business address of the Principal In the space designated “Principal” on the face of the form. An authorized person shall sign the bond. Any
person signing in a representative capacity (e.g. an attorney-in fact) must furnish evidence of authority to do so if that representative is not a member of the firm,
partnership, or joint venture, or an officer of the corporation Involved.
3. Type the name and title of each person signing this bond in the spaces provided.
4. Corporations executing this bond shall affix their corporate seals hereto.
5. (a) The Surety issuing this bond must be licensed as a corporate Surety by the Insurance Commissioner of the State of Connecticut and must hold a Certificate of Authority
as a Surety acceptable to the Federal Department of Treasury.
(b) Any corporation executing the bond must appear on the Department of the Treasury's list of approved Sureties and must act only within the underwriting limitation
listed therein.
(c) The State may require the Surety to furnish additional substantiating information concerning its financial capability.
6. Unless otherwise specified, the bond shall be submitted to the Connecticut Department of Transportation, Division of Purchasing & Materials Management
PERFORMANCE BOND FOR OTHER THAN CONSTRUCTION CONTRACTS
DATE BOND EXECUTED (Must be same or later than date of contract)
ConnDOT revised 6/3/98
____________________________
Principal (legal name and business address)
Type of Organization ("X" one)
Individual
Partnership
Joint Venture
Corporation
Other (identify):__________________________________________________________
State of Incorporation: _________________________
Surety (name and business address)
PENAL SUM OF BOND
Million(s)
Thousand(s)
Hundred(s)
Cents
________________________________________________________________________
Contract Date
Contract No.
Option Date
Option No.
OBLIGATION:
We, the Principal and Surety, are firmly bound to the State of Connecticut (hereinafter called the State) in the above penal sum. For payment to the State of amounts up to the penal sun, we bind
ourselves, our heirs, executors, administrators and successors, jointly and severally. If no limit of liability Is Indicated, the limit of liability is the full amount of the penal sum. If no penal sum is stated it
shall be the amount of the contract.
CONDITIONS:
The principal has entered into the contract identified above. PARTY FOR NOTICE; ConnDOT, Purchasing Div. P.O. Box 317548, 2800 Berlin Turnpike, Newington, CT 06131-7546
THEREFORE:
The above obligation is void if the Principal:
Performs and fulfills all he undertakings, covenants, terms, conditions and agreements of the contract during either the base term or an optional term of the
(1)
contract noted above, during any extensions thereof that are granted by the State with or without notice to the Surety, and during the life of any guaranty required under the contract; and
(2) Performs and fulfills all undertakings, covenants, terms, conditions, and agreements of any and all duly-authorized modifications of the contract that are made hereafter. Notice to the Surety of such
modifications is waived.
The guaranty for a base term covers the initial period of performance of the contract and any extensions thereof, excluding any options. The guaranty for an option term covers the period of performance
for the option being exercised and any extensions thereof.
The failure of a Surety to renew a bond for the extension of any option term shall not result in a default of any bond previously furnished covering any base or option term.
WITNESS:
Two witnesses for each of the
and Surety shall indicate by their signatures below that the signatories for the Principal and Surety executed this bond with proper authority on the date(s) Indicated.
Principal
PRINCIPAL
SIGNATURE:
Witness (signature):
seal
Witness (typed name):
SEAL
NAME & TITLE OF
Witness (signature):
SIGNATORY (typed):
DATE:
Witness (typed name):
CORPORATE SURETY
NAME & ADDRESS:
STATE OF INC.
LIABILITY LIMIT
S
$
U
R
E
T
SIGNATURE:
Witness (signature):
Y
CORPORATE SEAL
Witness (typed name):
NAME &TITLE OF SIGNATORY (typed) :
Witness (signature):
DATE:
Witness(typed name):
TOTAL: $
BOND PREMIUM: RATE PER THOUSAND: $
INSTRUCTIONS:
1. This form is authorized for use in connection with State contract. Any alteration of this form will result in the bond's rejection as non-responsive.
2. Insert full legal name and business address of the Principal In the space designated “Principal” on the face of the form. An authorized person shall sign the bond. Any
person signing in a representative capacity (e.g. an attorney-in fact) must furnish evidence of authority to do so if that representative is not a member of the firm,
partnership, or joint venture, or an officer of the corporation Involved.
3. Type the name and title of each person signing this bond in the spaces provided.
4. Corporations executing this bond shall affix their corporate seals hereto.
5. (a) The Surety issuing this bond must be licensed as a corporate Surety by the Insurance Commissioner of the State of Connecticut and must hold a Certificate of Authority
as a Surety acceptable to the Federal Department of Treasury.
(b) Any corporation executing the bond must appear on the Department of the Treasury's list of approved Sureties and must act only within the underwriting limitation
listed therein.
(c) The State may require the Surety to furnish additional substantiating information concerning its financial capability.
6. Unless otherwise specified, the bond shall be submitted to the Connecticut Department of Transportation, Division of Purchasing & Materials Management