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OUS B-9 Performance Bond.pdf - Oregon University System - secure ous

OUS B-9 Performance Bond.pdf - Oregon University System - secure ous 2026

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The document is a Performance Bond for the Oregon University System, outlining the obligations of the Principal and Surety to ensure compliance with a contract related to public improvement projects. It specifies the bond amount, conditions under which the bond is valid, and the responsibilities of all parties involved in case of non-compliance or damages arising from the contract.

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Click ‘Get Form’ to open the OUS B-9 Performance Bond in our editor.
Begin by filling in the 'Bond No.' and 'Solicitation' fields at the top of the form. Ensure these details are accurate as they are crucial for identification.
Next, enter the 'Project Name' and specify any sureties involved. If using multiple sureties, make sure to fill in both Surety #1 and Surety #2 fields.
Indicate the bond amounts in the designated fields. Clearly state 'Bond Amount No. 1' and if applicable, 'Bond Amount No. 2'. The total penal sum should be calculated and entered accordingly.
In the section where it states 'We, as Principal', fill in your organization’s name accurately. This is essential for legal binding.
Complete the signature section at the bottom of the form, ensuring that all required signatures from both Principal and Surety representatives are included.

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Versions	Form popularity	Fillable & printable
2012	4.8 Satisfied (65 Votes)
2008	4 Satisfied (46 Votes)

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How to get a surety bond in Oregon?

How to Get a Surety Bond in Oregon Contact the obligee requiring the bond to determine which one you need. Submit a free online application with SuretyBonds.com. Well instantly review your application and provide a quote. Pay your bond premium and receive your bond immediately. Sign and file your bond with the obligee.

What is the difference between performance security and performance bond?

Performance security, often referred to as performance bond or guarantee, is a mechanism that ensures the Contractor will fulfill the terms of the contract.

How much does a $100,000 performance bond cost?

Bond rates fluctuate between 1% to 5% of the total contract amount. Most qualified contractors can expect to pay a price of 2.53% of the performance bond amount. This means if youve been contracted for a $100,000 project, you could pay just $2,500$3,000 for your construction performance bond.

How to account for a performance bond?

Accounting for performance bonds is very easy. As long as no losses are expected, they only need to be disclosed in the notes to the financial statement and no accounting entries are necessary. The expense for the performance bond premium can either be included in the job cost or put into GA expenses.

What is required for a performance bond?

These performance surety bonds are underwritten and issued quickly and typically only require a credit check, a copy of the contract or bid invitation, and a short application.

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