AR Performance Bond- Public Works Facility

Home Browse Search

This bond is given in accordance with Arkansas laws and regulations, including Ark. Code Ann. § 18-44-503, §19-4-1405, and § 22-9-401 et seq. The Surety guarantees that the Principal shall comply with Ark. Code Ann. § 22-9-308 (d) by payment and full compliance with all prevailing hourly wage contract provisions where the contract amount exceeds the amount provided in Ark. Code Ann. § 22-9- 302(1). Any changes made in the terms of the Contract including but not limited to the amount of the contract, or in the work to be done under it, or the giving by the Owner of any extension of time for the performance of the contract, or any other forbearance on the part of either the Owner or the Principal to the other shall not in any way release the Principal and the Surety or Sureties or either or any of them, their heirs, personal representatives, successors or assigns from their liability hereunder, notice to and consent of the Surety or Sureties of any such change, extension or forbearance being are hereby voluntarily waived. In no event shall the aggregate liability of the Surety exceed the Contract documents. This Performance and Payment Bond Agreement is binding upon the above named parties, and their successors, heirs, assigns and personal representatives. Executed by the parties who individually represent that each voluntarily enters into and has the authority to enter into this ag BY: l Q�9 cd z z e N' NrS V�� Contractor: C & S Contracting, LLC DBA M & A Jones Construction Date 1B ;mArkansas Resident Agent or Non Resident Agent/ Attorney -in -Fact Date 0__ Ojvlichael A. McDaniel, Attorney -in -Fact AR License No. 1669959 Pri.n�Agent's Name McDaniel -Whitley Inc. P. O. Box 382007 Address Memphis Shelby TN 38183-2007 City County State Zip Code Business #: 901-881-6464 Fax #: 901-881-6467 Rev 1-16-03 PERFORMANCE AND PAYMENT BOND 00614- 2