Bolingbrook, IL · Will County
Payment Bond (Appendix 8-2)
This payment bond binds a contractor and surety to payment obligations for subdivision improvements and is completed for the named obligee.
What this form is
This bond sets out the contractor’s and surety’s obligations for labor, materials, and equipment used to complete subdivision improvements identified in attached Exhibit 1-A. The document provides spaces for the bond amount, bond number, contractor, surety, obligee, project description, date, and signatures. It also describes claim notices, payment responsibilities, and conditions for claims under the bond.
Who needs it
A contractor and surety complete and sign this bond for the obligee when it applies to subdivision improvements.
How to submit it
Submit it to the city department named on the form; check the city website for current contact details.
About notarization
This bond is signed without a notary; Exhibit 1-A is referenced as an attachment, but the document does not say it must be notarized or sworn.
How to submit this form
- 1
Download The Bond
Download the Payment Bond (Appendix 8-2) PDF.
- 2
Complete The Bond
Fill in the bond amount and number, contractor, surety, obligee, subdivision improvements description, date, and signature details.
- 3
Gather The Attachment
Attach Exhibit 1-A, which identifies the subdivision improvements covered by the bond.
- 4
Submit To The City
Submit it to the city department named on the form; check the city website for current contact details.
Frequently asked questions
- What does the Payment Bond cover?
- It covers payment for labor, materials, and equipment furnished for subdivision improvements identified in Exhibit 1-A attached to the bond.
- Who completes and signs this bond?
- The bond includes spaces for the contractor and surety to provide their company details, signatures, names, titles, and addresses.
- Do I need a notary for the Payment Bond?
- No. This bond is signed without a notary. Exhibit 1-A is referenced as an attachment, but the document does not say it must be notarized or sworn.
- How do I submit the Payment Bond?
- The document does not give submission instructions. Submit it to the city department named on the form; check the city website for current contact details.
Need something notarized?
This Payment Bond (Appendix 8-2) doesn’t need a notary — but Illinois residents can notarize other documents online with a commissioned online notary.