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Exhibit B – Performance And Payment Bond Specimen.pdf

Exhibit-B_PerformanceandPaymentBondSpecimen.pdf
Preview of Exhibit B – Performance and Payment Bond Specimen
🔗 Source: pbcchicago.com
📊 Size: 155 KB
👤 Author: Patricia Montenegro
⬇️ Downloads: 218

Summary

This is a specimen of a Performance and Payment Bond, a contractual agreement between a Principal, a Surety, and the Public Building Commission of Chicago. The bond ensures the Principal's faithful performance of a contract and payment to all persons supplying labor, materials, or services. The bond becomes null and void if the Principal fulfills all obligations, otherwise it remains in full force and effect. The Surety consents to the jurisdiction of the State Civil Courts of Cook County, Illinois, and waives any plea of jurisdiction. The bond secures payment of all sums due under the contract and guarantees faithful performance. Any modifications to the contract do not affect the Surety's obligations, and notice of such modifications is waived. The bond is executed under seal, and the corporate seal of each party is affixed. The rate of premium and total amount of premium charged are to be filled in by the Corporate Surety.

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Description

This is a specimen of a Performance and Payment Bond, a contractual agreement between a Principal, a Surety, and the Public Building Commission of Chicago.

Technical Information

  • File Format: PDF
  • File Size: 155 KB
  • Pages: 4
  • Language: EN
  • Author: Patricia Montenegro
  • Total Downloads: 218
  • Last Updated: 1 month ago

Document Overview

This PDF document about Exhibit B – Performance and Payment Bond Specimen provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Exhibit B – Performance and Payment Bond Specimen.

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