Specifications

Upon completion of said the Agreement pursuant to its terms, if any funds remain due on said
Agreement, the same shall be paid to said Principal or Surety.
The said Principal and Surety further agree as part of this obligation to pay all such damages
of any kind to person or property that may result from a failure in any respect to perform and
complete said Agreement including, but not limited to, all repair and replacement costs necessary to
rectify purchase and error and fees.
The decision of the Owner, upon any disputed question connected with the execution of said
Agreement, or any failure or delay in the prosecution of the work by said Principal or Surety, shall be
final and conclusive.
The Surety agrees that other than as is provided in this bond, it may not demand of the Owner
that the Owner shall (a) perform any thing or act, (b) give any notice, (c) furnish any clerical
assistance, (d) render any service, (e) furnish any papers or documents, or (f) take any other action of
any nature or description which is not required of the Owner to be done under the Agreement
documents.
IN WITNESS WHEREOF, the Surety and Principal have executed this instrument under their
several seals this __________ day of ______________________, 20___, the name and corporate seal of
each corporate party being hereto affixed and these presents duly signed by its undersigned
representative, pursuant to authority of its governing body.
In the Present of: PRINCIPAL:
_____________________________________________
_____________________________________________
Witness
By:__________________________________________
SURETY:
_____________________________________________
_____________________________________________
Witness
By:__________________________________________
NOTE: (a) Where the Performance Bond is executed by an attorney-in-fact, there shall be
attached to each copy of the Bond, a Certified copy of Power of Attorney properly
executed and dated.
(a) An authorized agent of the bonding company, licensed to do business in South Carolina
shall countersign each copy of the Bond. The title of the person countersigning the
Bond shall appear after his or her signature.
(b) The Seal of the bonding company shall be attached to each copy of the Bond.
(c) The VENDOR’S signature on the Bond shall correspond with the signature in the
Agreement.
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