Common use of COMPLETING THE FORMS Clause in Contracts

COMPLETING THE FORMS. Bonds have important legal consequences; consultation with an attorney and a bond specialist is encouraged with respect to federal, state and local laws applicable to bonds and with respect to completing or modifying the bond forms. Both bond forms have a similar format and the information to be filled in is ordinarily the same on both bonds. If modification is necessary, the modifications may be different. The bond forms are prepared for execution by the Contractor and the Surety. Evidence of authority to bind the Surety is usually provided in the form of a power of attorney designating the agent who is authorized to sign on behalf of the Surety. The power of attorney should be filed with the signed bonds. Each bond must be executed separately since they cover separate and distinct obligations. Preferably the bond date should be the same date as the contract, but in no case should the bond date precede the date of the contract. To accompany the Construction Performance Bond (EJCDC No.1910-28A) and the Construction Payment Bond (EJCDC No. 1910-28B) Prepared by the Engineers' Joint Contract Documents Committee Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. CONTRACTOR (Name and Address): SURETY (Name and Principal Place of Business): Vendor Name Address City, ST Zip Owner (Name and Address): City of Lincoln ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇. Lincoln, NE 68508 CONSTRUCTION CONTRACT Date: Amount: Description (Name and Location): BOND Date: Amount: Modifications to this Bond Form: CONTRACTOR AS PRINCIPAL Company: (Corp. Seal) SURETY Company: Vendor Name Address City, ST Zip Signature: Signature: Name and Title: Name and Title: EJCDC NO. 1910-28a (1984 Edition) Prepared through the joint efforts of The Surety Assoc. of America. Engineers' Joint Contract Documents Committee. The Associated General Contractors of America, and the American Institute of Architects. E

COMPLETING THE FORMS. Bonds have important legal consequences; consultation with an attorney and a bond specialist is encouraged with respect to federal, state and local laws applicable to bonds and with respect to completing or modifying the bond forms. Both bond forms have a similar format and the information to be filled in is ordinarily the same on both bonds. If modification is necessary, the modifications may be different. The bond forms are prepared for execution by the Contractor and the Surety. Evidence of authority to bind the Surety is usually provided in the form of a power of attorney designating the agent who is authorized to sign on behalf of the Surety. The power of attorney should be filed with the signed bonds. Each bond must be executed separately since they cover separate and distinct obligations. Preferably the bond date should be the same date as the contract, but in no case should the bond date precede the date of the contract. To accompany the Construction Performance Bond (EJCDC No.1910-28A) and the Construction Payment Bond (EJCDC No. 1910-28B) Prepared by the Engineers' Joint Contract Documents Committee Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. CONTRACTOR (Name and Address): SURETY (Name and Principal Place of Business): Vendor Name Address City, ST Zip Owner (Name and Address): City of Lincoln ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇. Lincoln▇▇▇▇▇▇▇, NE 68508 ▇▇ ▇▇▇▇▇ CONSTRUCTION CONTRACT Date: Amount: Description (Name and Location): BOND Date: Amount: Modifications to this Bond Form: CONTRACTOR AS PRINCIPAL Company: (Corp. Seal) SURETY Company: (Corp. Seal) Vendor Name Address City, ST Zip Signature: Signature: Name and Title: Name and Title: EJCDC NO. 1910-28a (1984 Edition) Prepared through the joint efforts of The Surety Assoc. of America. Engineers' Joint Contract Documents Committee. The Associated General Contractors of America, and the American Institute of Architects. 1. EThe Contractor and the Surety, jointly and severally, bind themselves 6.