Get Ucn-22412 Performance Bond - Construction Contracts April B2010b Bb - Y12 Doe

The UCN-22412 Performance Bond is a crucial document for construction contracts, ensuring that all parties fulfill their contractual obligations. This guide provides a step-by-step approach to completing the form online, making the process clear and accessible for all users.

Follow the steps to fill out the form effectively.

1. Click the ‘Get Form’ button to obtain the form and open it in the online editor.
2. Insert the full legal name and business address of the Principal in the designated space on the form. Ensure that the information is accurate and complete, as this represents the party responsible for the bond.
3. Select the type of organization by marking the appropriate box next to one of the options: Individual, Partnership, Joint Venture, or Corporation. Make sure to choose the correct classification as it affects legal obligations.
4. Provide the state of incorporation, if applicable, and indicate the penal sum of the bond using the designated fields for millions, thousands, hundreds, and cents. This sum is the maximum amount the surety will pay if obligations are not met.
5. Fill in the contract date and contract number accurately in their respective fields. This information ties the performance bond to a specific contract.
6. In the surety section, enter the name(s) and business address(es) of the surety or sureties involved. Ensure that these entities are approved sureties by the Department of the Treasury.
7. If there are individual sureties, ensure that an Affidavit of Individual Surety is prepared for each one and is included with the bond as required.
8. All signatures should be affixed in the designated areas. An authorized person must sign for the Principal, and if a corporate seal is required, it should be affixed appropriately.
9. Type the name and title of each individual who signs the bond in the provided space to maintain clarity and proper documentation.
10. Once all sections of the form are completed, review for accuracy. Save changes, download, print, or share the completed form as necessary for your records or submission needs.

Complete your UCN-22412 Performance Bond and other documents online efficiently today.