07 PUBLIC CONSTRUCTION BOND revised.pdf

PBCWUD PROJECT NO. 21-025 BOND - 1 Rev 09-06-24

PUBLIC CONSTRUCTION BOND

BOND NUMBER: __________________________________________________________

BOND AMOUNT: __________________________________________________________

CONTRACT AMOUNT: ____________________________________________________

CONTRACTOR’S NAME: ____________________________________________________

CONTRACTOR’S ADDRESS: ______________________________________________

CONTRACTOR’S PHONE: ______________________________________________

SURETY COMPANY: ____________________________________________________

SURETY’S ADDRESS: ____________________________________________________

OWNER’S NAME: PALM BEACH COUNTY

OWNER’S ADDRESS: 8100 Forest Hill Boulevard West Palm Beach, FL 33413

OWNER’S PHONE: (561) 493-6000

DESCRIPTION OF WORK: The bids will be for furnishing all materials, labor, supervision, equipment, supplies, fees, expertise, and services necessary for the replacement of 22,000 linear feet of water mains within the Golfview Heights residential community and along Ohio Street located in West Palm Beach. The construction services consist generally of but are not limited to, installation of potable water mains, installation of 2 sanitary sewer manholes, installation of 824 linear feet of gravity main, installation of 36 sanitary sewer laterals, fire protection improvement, and replacement of water service lines with associated appurtenances and site restoration of affected areas within Golfview Heights and along Ohio Street.

PROJECT LOCATION: Palm Beach County Service Area, Unincorporated Palm Beach County

LEGAL DESCRIPTION: R43-T44-S05; R43-T43-S30; R42-43-S25

PBCWUD PROJECT NO. 21-025 BOND - 2 Rev 09-06-24

PUBLIC CONSTRUCTION BOND

This Bond is issued in favor of the County conditioned on the full and faithful performance of the Contract.

KNOW ALL MEN BY THESE PRESENTS: that Contractor and Surety, are held and firmly bound unto

Palm Beach County Board of County Commissioners 301 N. Olive Avenue West Palm Beach, Florida 33401 as Obligee, herein called County, for the use and benefit of claimant as herein below defined, in the amount of

_________________________________________________Dollars and ___ Cents ($ __________) (Here insert a sum equal to the Contract Price) for the payment whereof Principal and Surety bind themselves, their heirs, personal representatives, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

WHEREAS,

Principal has by written agreement dated __________________, 20__, entered into a contract with the County for

Project Name: Golfview Heights of Westgate Water Main Replacement PBCWUD Project No.: 21-025 Project Description: Water main replacement and sanitary sewer extensions in Golfview Heights and along Ohio Street Project Location: Palm Beach County Service Area, Unincorporated Palm Beach County in accordance with Design Criteria Drawings and Specifications prepared by

Name of Design Firm: Keshavarz & Associates, Inc.

Location of Firm: West Palm Beach, FL 33401 Phone: (561) 689-8600 Fax:

which contract is by reference made a part hereof in its entirety, and is hereinafter referred to as the Contract.

THE CONDITION OF THIS BOND is that if Principal:

1. Performs the contract dated , 20__ , between Principal and County for the design and construction of PBCWUD Project No. 21-025, the contract being made a part of this bond by reference, at the times and in the manner prescribed in the contract; and

2. Promptly makes payments to all claimants, as defined in Section 255.05, Florida Statutes, supplying Principal with labor, materials, or supplies, used directly or indirectly by Principal in the prosecution of the work provided for in the contract; and

3. Pays County all losses, damages (including liquidated damages), expenses, costs, and attorneys' fees, including appellate proceedings, that County sustains because of a default by Principal

PBCWUD PROJECT NO. 21-025 BOND - 3 Rev 09-06-24 under the contract; and

4. Performs the guarantee of all work and materials furnished under the contract for the time specified in the contract, then this bond is void; otherwise it remains in full force.

5. Any changes in or under the contract documents and compliance or noncompliance with any formalities connected with the contract or the changes does not affect Surety's obligation under this bond and Surety waives notice of such changes.

6. The amount of this bond shall be reduced by and to the extent of any payment or payments made in good faith hereunder, inclusive of the payment by Surety of construction liens which may be filed of record against said improvement, whether or not claim for the amount of such lien be presented under and against the bond.

7. Principal and Surety expressly acknowledge that any and all provisions relating to consequential, delay and liquidated damages contained in the contract are expressly covered by and made a part of this Performance, Labor and Material Payment Bond. Principal and Surety acknowledge that any such provisions lie within their obligations and within the policy coverage’s and limitations of this instrument.

8. Section 255.05, Florida Statutes, as amended, together with all notice and time provisions contained therein, is incorporated herein, by reference, in its entirety. Any action instituted by a claimant under this bond for payment must be in accordance with the notice and time limitation provisions in Section 255.05(2), Florida Statutes. This instrument regardless of its form, shall be construed and deemed a statutory bond issued in accordance with Section 255.05, Florida Statutes.

9. Any action brought under this instrument shall be brought in the state court of competent jurisdiction in Palm Beach County, Florida and not elsewhere.

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Surety (Seal)

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