Encl. 1 - Attachment 7 Performance Bond dated

PROCUREMENT AND PROPERTY MANAGEMENT DIVISION

BROOKHAVEN NATIONAL LABORATORY

Managed by Brookhaven Science Associates, LLC
under contract to the U.S. Department of Energy

Form No. AMS-Form-024
Revision No. 1.2

APPROVED BY:

L. McKnight / 12/14/2020

ACQUISITION MANAGEMENT SYSTEM FORM

PPM Manager/Date

Performance Bond
Date Bond Executed (Must be later than date of contract): PRINCIPAL (Legal name and business address)
Legal Name:
Address:
City, St. Zip

,

SURETY(IES) (Name and business address)
Name:
Address:
City, St. Zip

Type of Organization (“X” one)
Individual
Partnership
Joint Venture
Corporation

,

State of Incorporation:

PENAL SUM OF BOND

Million(s)

Thousand(s)

Hundred(s)

Cents

Contract Name/Title
Contract Date

Contract Number

OBLIGATION:

We, the Principal and Surety(ies), are firmly bound to the Brookhaven Science Associates L.L.C. and any successor Contractor to operate Brookhaven National Laboratory, (hereinafter called the Obligee) in the above penal sum. For payment of the penal sum, we bind ourselves, our heirs, executors, administrators, successors, or assigns, jointly and severally. However, where the Sureties are corporations acting as co-sureties, we, the Sureties, bind ourselves in sum “jointly and severally,” as well as “severally” only for the purpose of allowing a joint action or actions against any or all of us. For all other purposes, each Surety binds itself, jointly and severally with the Principal, for the payment of the sum shown opposite the name of the Surety. If no limit of liability is indicated, the limit of liability is the full amount of the penal sum.

CONDITIONS:

The Principal has entered into the contract identified above.

THEREFORE:

The above obligation is void if the Principal:
a) Performs and fulfills all the undertakings, covenants, terms, conditions, and agreements of the contract during the original term of the contract and any extensions thereof that are granted by the Obligee, with our without notice to the Surety(ies), and during the life of any guaranty required under the contract, and performs and fulfills all the undertakings, covenants, terms, conditions and agreements of any and all duly authorized modifications of the contract that hereafter are made. Notice of those modifications to the Surety(ies) are waived.
b) Pays to the Obligee the full amount of the taxes imposed by the Government if the said contract is subject to the Miller Act (40 U.S.C.270a-270e), which are collected, deducted, or withheld from wages paid by the Principle in carrying out the construction