Agenda

B-3.2

PROVIDED, that beneficiaries or claimants hereunder shall be limited to the subcontractors, and
persons, firms, and corporations having a direct contract with the PRINCIPAL or its
SUBCONTRACTORS.

PROVIDED FURTHER, that the said Surety for value received hereby stipulates and agrees that
no change, extension of time, alteration or addition to the terms of the contract or to the WORK to
be performed thereunder or the SPECIFICATIONS accompanying the same shall in any way

B-3.1

PAYMENT BOND

KNOW ALL MEN BY THESE PRESENTS: that

(Name of Contractor)

(Address of Contractor)

a , hereinafter called Principal,
(Corporation, Partnership or Individual)
and
(Name of Surety)
(Address of Surety)

hereinafter called Surety, are held and firmly bound unto

City of Nashua, NH

(Name of Owner)

229 Main Street, Nashua, NH 03060

B2.1

Print Name:

Date:

AG -7of7

B2.1

A. OWNER and CONTRACTOR each binds itself, its partners, successors, assigns, and legal
representatives to the other party hereto, its partners, successors, assigns, and legal representatives in respect to all
covenants, agreements, and obligations contained in the Contract Documents.

9.04 Severability

B2.1

4. Bid Bond;

5. Bid;

6. Performance Bond;

7. Payment Bond;

8. Certificate of Insurance

9. Technical Specifications as listed in Table of Contents

10. Addenda (numbers to ___, inclusive);
11. Exhibits, as listed in the Table of Contents, to this Agreement

12. The following which may be delivered or issued on or after the Effective Date of the Agreement
and are not attached hereto:

a. Written Amendments
b. Change Order(s)

13. Fully Executed City of Nashua Purchase Order

B2.1

C. CONTRACTOR is familiar with and is satisfied as to all federal, state, and local Laws and Regulations
that may affect cost, progress, and performance of the Work.

B2.1

B. CONTRACTOR shall submit Applications for Payment under this agreement directly to:

City of Nashua

Attn: Accounts Payable
PO Box 2019

Nashua, NH 03061-2019
Atten: William Keating

To facilitate the proper and timely payment of applications, the City of Nashua requires that all invoices contain
a valid PURCHASE ORDER NUMBER.

6.02 Progress Payments; Retainage

B2.1

B. Substantial Completion occurs when all work is complete except punch list items. The Contract
Times commence on the day indicated in the “Notice to Proceed”. Final Completion occurs when all work is
completed and ready for final payment, in accordance with paragraph 14.07 of the General Conditions.

4.03 Liquidated Damages

B2.1

STANDARD FORM OF AGREEMENT
BETWEEN OWNER AND CONTRACTOR

THIS AGREEMENT is dated as of the day of in the year 2017 by and between the City of
Nashua, New Hampshire (hereinafter called OWNER) and Monadnock Building Compnay, of Jaffrey, NH and its
successors, transferees and assignees together hereinafter called CONTRACTOR).

OWNER and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as follows:
ARTICLE 1 - WORK

Failure to comply with these conditions within the time specified will entitle OWNER to consider
your bid abandoned, to annul this Notice of Award and to declare your Bid Security forfeited.

Within ten days after receipt of acceptable performance BOND, payment BOND and agreement
signed by the party to whom the Agreement was awarded, the OWNER will return to you one fully
signed counterpart of the Agreement with the Contract Documents attached.

City of Nashua NH

(OWNER)

(AUTHORIZED SIGNATURE)

(ITTLE)

13089K