Section 12-3-2.1-0-00100-4-4.07 - SECURITY FOR FAITHFUL PERFORMANCESimultaneously, with delivery of the executed Contract, the Contractor will furnish a Surety Bond, or Bonds, as security for faithful performance, the payment of all persons performing labor on the project, and furnishing materials in connection with this Contract. The Surety on such Bond, or Bonds, will be a duly authorized surety company satisfactory to the Owner and meeting all of the following requirements:
B. Listed at the time of award in the Department of the Treasury's Federal Register as a company holding certificates of authority as acceptable sureties on Federal Bonds, commonly referred to as the Treasury List.C. All Bonds shall be executed on the form provided in the Project Manual under Section 00600 entitled Contract Bond.D. The Contract Bond shall be duly executed by the Bidder, a Surety licensed in Mississippi signed by a Mississippi Licensed Agent for said Surety approved by the Mississippi Insurance Department OR signed by the Surety AND countersigned by a Mississippi Licensed Agent for said Surety approved by the Mississippi Insurance Department with the name and address typed, or lettered legibly. (with embossed seal). http://www.mid.state.ms.us/licapp/search_main.aspxE. All Bonds must be accompanied by an appropriate Power of Attorney dated same as Contract Bond.12 Miss. Code. R. 3-2.1-0-00100-4-4.07
Modified Dec 2013 SoS
see also 2.08 herein, 600.42, 600.57.9, 00600, 00650