Agmt03 McGuire & Hester - Laserfiche WebLink

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- ~ ~ . I - Bond Number: 929313070 Premium: included in performance bond PA ENT BOND KNOW ALL MEN BY THESE PRESEN S: That we, McGuire and Hester as Principal. and, Western Surety Com an organized and existing under the laws ot the State of ~ South Dakota , and authorized to execute bonds and undertaking as sol surety, as Surety, are held and firmly bound unto any and all persons named in Calito ia Civil Code Section 3181 whose claim has not befn IRai~ b r},he Cogtractofh com anf'w or corporation in the aggregate total of x un re wenty- ou~an 0 Dollars ($ 629,250.00 ) ,(being 100% 0 the Contract amount for the payment whereof, well and truly to be made, said Principal and Surety ond themselves, their heirs. administrators, successors, and assigns, jointly and s verally, firmly by these presents. THE CONDITION OF THE FOREG ING OBLIGATION IS .SUCH that.. whereas the above with the City of Redwood City (" ¡ty") to do the following wor1<, to-wit: Redwood Shores Sewer Pump Stati ns #1 & #3 Improvement Project NOW, THEREFORE, if the above-bou den Principal or his subcontractors fail to pay any of the persons named in Section 31 1 of the Civil Code of the State of California, or amounts due under the Unemployme t Insurance Code with respect to work or labor pertormed under the Contract. or for a y amounts required to be deducted, withheld, and paid over to the Employment Develop ent Department from the wages of employees of the Contractor and his subcontractor ursuant to Section 13020 of the Unemployment Insurance Code of the State of Califo ia, with respect to such work and labor, the surety will pay for the same, in the amount at exceeding the sum specified in this bond, and also, in case suit is brought upon thi bond, a reasonable attorney's fee, to be fixed by the Court. This bond shall inure to the benefit f any person named in Section 3181 of the Civil Code of the State of California so as 0 give a right of action to them or their assignees in suit brought upon this bond. This bond is executed and filed t comply with the provisions of the act of the Legislatu re of the State of California S designated in Civil Code Sections 3247-3252, inclusive, and all amendments thereto And the said Surety, for value rece ved, hereby stipulates and agrees to waive the provisions of California Civil Code Se tion 2819 regarding consent to change, extension of time alteration, or addition to the te ms of the Contract, or to the work to be performed thereunder, or the Specifications ac ompanying the same, shall in any way affect Its obligations on this bond; and It does ereby waive notice of any such change, extension of time, alteration, or addition to the terms of the Contract, or to the work, or to the Specifications. -1- ..