paybondMSBA Accelerated Repair Program RK Finn/Ryan Road and Leeds Elementary Schools Northampton, Massachusetts
Payment Bond
00 63 16-1
SECTION 00 63 16
PAYMENT BOND
PROJECT: Roof Replacement at the RK Finn/Ryan Road & Leeds
Elementary Schools, Northampton, Massachusetts
PROJECT LOCATION: 498 Ryan Road & 20 Florence Street, Northampton, MA
OWNER: City of Northampton
240 Main Street, Northampton, MA 01060
KNOW ALL PERSONS BY THESE PRESENTS:
That we, (CONTRACTOR’S NAME)
as Principal, and (SURETY COMPANY)
as Surety, are held and firmly bound unto the Owner, as Obligee, in the sum of:
Dollars (CONTRACT SUM)
(words)
$
(figures)
to be paid to the Obligee, for which payments, well and truly to be made, we bind ourselves, our
respective heirs, executors, administrators, successors, and assigns, jointly and severally, firmly
by these presents.
Whereas, the said Principal has made a Contract with the Obligee, bearing the date of
, 2015, for the completion of the Project.
NOW, THEREFORE, the conditions of this obligation are such that, if the Principal and all
Subcontractors under said Contract shall pay for all labor performed or furnished and for all
materials used or employed in said Contract and in all duly authorized modifications, alterations,
extensions of time, changes, or additions to said Contract that may be made, notice to the Surety
of such modifications, alterations, extensions of time, changes, or additions being hereby waived,
the foregoing to include any other purposes or items set out in, and to be subject to, provisions of
M.G.L. c.30, §39A, and M.G.L. c.149, §29, as amended, then this obligation shall become void;
otherwise, it shall remain in full force and virtue.
MSBA Accelerated Repair Program RK Finn/Ryan Road and Leeds Elementary Schools Northampton, Massachusetts
Payment Bond
00 63 16-2
In witness whereof, the Principal and Surety have set their hands and seals this
_______________ day of __________________, 2015.
PRINCIPAL SURETY
(Name and Seal) (Attorney-in-Fact – Seal)
(Title)
Attest: Attest: