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City of Everett 00 6113 - 1 <br />2026 WPCF Biosolids Removal & Disposal UT 3752-30 <br />00 6113 - 1 PERFORMANCE BOND AND PAYMENT BOND <br />SECTION 00 6113 - PERFORMANCE BOND AND PAYMENT BOND <br />PERFORMANCE BOND <br />Bond No.: ________________ <br />The City of Everett has awarded to __________________________ (Principal), a contract for the construction of <br />the project designated as 2026 Biosolids Removal and Disposal, UP 3752-30, in Everett, Washington (Contract), <br />and said Principal is required to furnish a bond for performance of all obligations under the Contract. <br />The Principal, and ______________________________________ (Surety), a corporation organized under the <br />laws of the State of ______________________ and licensed to do business in the State of Washington as surety <br />and named in the current list of “Surety Companies Acceptable in Federal Bonds” as published in the Federal <br />Register by the Audit Staff Bureau of Accounts, U.S. Treasury Dept., are jointly and severally held and firmly <br />bound to the City of Everett in the sum of _______________________________________ US Dollars <br />($________________________), which is the Contract Sum, subject to the provisions herein. <br />This statutory performance bond shall become null and void, if and when the Principal, its heirs, executors, <br />administrators, successors, or assigns shall well and faithfully perform all of the Principal’s obligations under the <br />Contract and fulfill all the terms and conditions of all duly authorized modifications, additions, and changes to said <br />Contract that may hereafter be made, at the time and in the manner therein specified; and if such performance <br />obligations have not been fulfilled, this bond shall remain in full force and effect. <br />The Surety agrees to indemnify, defend, and protect the City of Everett against any claim of direct or indirect loss <br />resulting from the failure of the Principal, its heirs, executors, administrators, successors, or assigns (or any of the <br />employees, subcontractors, or lower tier subcontractors of the Principal) to faithfully perform the Contract. <br />The Surety for value received agrees that no change, extension of time, alteration or addition to the terms of the <br />Contract, the specifications accompanying the Contract, or to the work to be performed under the Contract shall in <br />any way affect its obligation on this bond, and waives notice of any change, extension of time, alteration or <br />addition to the terms of the Contract or the work performed. The Surety agrees that modifications and changes to <br />the terms and conditions of the Contract that increase the total amount to be paid the Principal shall automatically <br />increase the obligation of the Surety on this bond and notice to Surety is not required for such increased <br />obligation. <br />This bond may be executed in two (2) original counterparts, and shall be signed by the parties’ duly authorized <br />officers. This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for <br />the officer executing on behalf of the surety. The Surety agrees to be bound by the laws of the state of <br />Washington and subjected to the jurisdiction of the state of Washington. <br />PRINCIPAL SURETY <br />_______________________________________ _______________________________________ <br />Printed Name: ___________________________ Printed Name: ___________________________ <br />Title: __________________________________ Title: __________________________________ <br />STANDARD BOND FORM <br />OFFICE OF THE CITY ATTORNEY <br />APPROVED AS TO FORM <br />APPROVED AS TO CITY CHARTER § 4.1 <br />Local Office/ Agent of Surety: <br />Name:_____________________ <br />Address:___________________________ <br />Phone Number:_____________________ <br />Email: ____________________________