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Get Oh M140-00 61 13 2014-2026
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How to fill out the OH M140-00 61 13 online
The OH M140-00 61 13 is a performance and payment bond form required by the State of Ohio for public facility construction projects. This guide will walk you through each section of the form so you can complete it accurately and efficiently online.
Follow the steps to successfully complete the OH M140-00 61 13 form online.
- Press the ‘Get Form’ button to access the OH M140-00 61 13 form and open it in your online document editor.
- Begin filling out the form by entering your information in the designated fields. You will need to provide the name of the Principal, who is responsible for the contract.
- Next, input the Surety's details. This includes the Surety's name and the name of the Attorney-in-Fact who will sign on behalf of the Surety.
- In the Obligee section, specify the name of the entity or person that the bond is being made for, along with the penal sum. The penal sum is the monetary amount the bond guarantees.
- Provide the date of the contract and the project details. Be sure to fill in the project number, project name, and a description of the contract work involved.
- Complete the signature fields. Both the Principal and Surety must sign the form, and their titles or positions must be included.
- Review all entries for accuracy before finalizing the document. Ensure all required fields are filled in correctly.
- Finally, save your completed form. You can choose to download it, print it, or share it as needed.
Begin completing your OH M140-00 61 13 form online today.
What is the typical cost of a Performance Bond? The cost of a performance bond usually is less than 3% of the contract price, but may rise to 4%. It can be more expensive if your credit rating isn't strong. Labor and material payment bonds are companions to the performance bond.