Laserfiche WebLink
BOND NO. 5001.4400 <br />BOND PREMIUM IS INCLUDED IN PERFORMANCE BOND <br />CITY OF SANTA ANA <br />BONDS <br />PROJECT NO.: 16-6872 <br />P YMENT BOND <br />KNOW ALL MEN BY THESE PRESENTS that California Professional Engineering Inc. <br />as CONTRACTOR, and Allied World Insurance Company <br />a corporation, organized and existing under the laws of the State, and duly authorized to transact <br />business under the laws of the State of California, as SURETY, are held and firmly bound unto <br />the City of Santa Ana, as AGENCY, in the penal sum of Four Hundred Fifty Seven Thousand Seven <br />Hundred Eleven and 75/100 Dollars <br />($ 457,711.75 ), which is 100 percent of the total contract amount for the above stated <br />project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound, jointly <br />and severally, firmly by these presents. <br />THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR has <br />been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated <br />December 6. 2016 for Safe Routes to School Enhancements at Washinaton Elementary , <br />if CONTRACTOR or any subcontractor fails to pay for any labor or material of any kind used in <br />the performance of the Work of Improvement to be done under said Contract Agreement, or fails <br />to submit amounts due under the State Unemployment Insurance Act with respect to said labor, <br />SURETY will pay for the same in an amount not exceeding the sum set forth above, which <br />amount shall insure to the benefit of all persons entitled to file claims under the State Code of <br />Civil Procedures; provided that any alterations in the work to be done, materials to be furnished, <br />or time for completion made pursuant to the terms of the contract documents shall not in any <br />way release either CONTRACTOR or SURETY, and notice of said alterations is hereby waived <br />by SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />8th day of December , 20 16 . N '. <br />CONTRACTOR* <br />SURETY* Allied <br />Subscribed and sworn tolfefore me, / this day of <br />20 <br />Signature: <br />Notary Public in and for the County of State of <br />Rate of premium on this bond is $ Included in Performance bond per thousand. <br />Total amount of premium charge is $ Included in Performance bond . To be filled in by Surety <br />*Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the <br />name, title, address, and telephone number of authorized representative. <br />Contractor: Surety: Agent: <br />California Professional Engineering Inc. Allied World Insurance Company The Bond Exchange and Insurance Agency <br />929 Otterbein Avenue, Ste. E 550 S. Hope Street, Suite 1825 24800 Chrisanta Drive, Suite 160 <br />La Puente, CA 91748 Los Angeles, CA 9ob7of 3 Mission Viejo, CA 92691 <br />626-810-1338 213416-1453 949-461-7000 <br />