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DocuSign Envelope ID:7FFCOE71-7C9F-498C-9A8A-D9969FBC8D7D
<br /> Clty of
<br /> ,Fort Collins OfcialPurchasing Document
<br /> ? Last updated 1012017
<br /> SECTION 00615
<br /> PAYMENT BOND
<br /> Bond No
<br /> KNOW ALL MEN BY THESE PRESENTS: that
<br /> Firm
<br /> Address
<br /> (an Individual), (a Partnership), (a Corporation), hereinafter referred to as the "Principal" and
<br /> Firm
<br /> Address
<br /> hereinafter referred to as "the Surety", are held and firmly bound unto City of Fort Collins, 300
<br /> LaPorte Ave, Fort Collins, Colorado 80522 a (Municipal Corporation) hereinafter referred to as
<br /> the "OWNER", in the penal sum of ($ ) in lawful money of the United States, for the
<br /> payment of which sum well and truly to be made, we bind ourselves, successors and assigns,
<br /> jointly and severally, firmly by these presents.
<br /> THE CONDITIONS OF THIS OBLIGATION are such that whereas the Principal entered into a
<br /> certain Agreement with the OWNER, dated the day of for (original bid/rfp
<br /> # & name), a copy of which is hereto attached and made a part hereof, for the performance of
<br /> The City of Fort Collins Work Order, titled , Work Order Number , dated the
<br /> day of a copy of which is hereto attached and made a part hereof.
<br /> NOW, THEREFORE, if the Principal shall make payment to all persons, firms, subcontractors,
<br /> and corporations furnishing materials for or performing labor in the prosecution of the Work
<br /> provided for in such Work Order and Agreement and any authorized extension or modification
<br /> thereof, including all amounts due for materials, lubricants, repairs on machinery, equipment
<br /> and tools, consumed, rented or used in connection with the construction of such Work, and all
<br /> insurance premiums on said Work, and for all labor, performed in such Work whether by
<br /> subcontractor or otherwise, then this obligation shall be void; otherwise to remain in full force
<br /> and effect.
<br /> PROVIDED, FURTHER, that the said Surety, for value received, hereby stipulates and agrees
<br /> that no change, extension of time, alteration or addition to the terms of the Work Order and
<br /> Agreement or to the Work to be performed thereunder or the Specifications accompanying the
<br /> same shall in any way affect its obligation on this bond; and it does hereby waive notice of any
<br /> such change, extension of time, alteration or addition to the terms of the Work Order and
<br /> Agreement or to the Work or to the Specifications.
<br /> PROVIDED, FURTHER, that no final settlement between the OWNER and the CONTRACTOR
<br /> shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied.
<br /> PROVIDED, FURTHER, that the Surety Company must be authorized to transact business in
<br /> the State of Colorado and be acceptable to the OWNER.
<br /> Services Agreement—Work Order Type
<br /> RFP 9227 CM/GC Services for Lemay Ave Realignment over the BNSF Railroad Tracks and Vine Dr Page 23 of 123
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