16-Performance Bond.pdf

Performance Bond PFB - 1

(REV. 07/02/25)

BOND NO._________________

PERFORMANCE BOND

Contractor Name

Contractor Principal Business Address

Contractor Telephone No. ( )

Surety Name

Surety Principal Business Address

Surety Telephone No ( )

Owner of Property Being Improved:

Hillsborough County Board of County Commissioners Attn: Procurement Services Department P.O. Box 1110 Tampa, FL 33601

Telephone No. (813) 272 - 5790

Contracting Public Entity (if different from Owner) (N/A)

Contract Number Assigned by Public Entity (BOCC No.)

(Bid No.) IFB-26-00085

Description of Project (including if applicable, a legal description and the street address of the property being improved and a general description of the improvement):

[ ] See Attachment ("Legal Description")

This project consists of replacing three existing culverts crossing to improve and maintain the county's infrastructure. The project locations include: 12026 Lenwood Ln (CIP 46142452), 111 1st Ave NW (CIP 46142473), and 303 4th St SE (CIP 46142490). The scope of work includes the removal of the existing stormwater culverts, installation of new stormwater culvert and new headwalls, ditch regrading, and milling and resurfacing of the affected roadways. Additionally, culverts to be extended beyond the clear zone where necessary to comply with safety and design standards. The project also includes, but is not limited to, activities such as clearing and grubbing, excavation, sodding, grading and paving, curb installation, drainage pipe installation, pavement marking and signing, and site restoration.

Performance Bond PFB - 2

BOND NO._________________

PERFORMANCE BOND

I. KNOW ALL PERSONS BY THESE PRESENTS: That , as Principal, and , as Surety, located at

(Business Address) are held and firmly bound unto the Board of County Commissioners, Hillsborough County, Florida, as Obligee in the sum of $ for the payment whereof we bind ourselves, our heirs, executors, personal representatives, successors and assigns, jointly and severally, firmly by these presents.

II. WHEREAS, Principal has entered into a contract dated the day of , 20 , with Obligee for IFB-26-00085, Lenwood Lane/1st Avenue NW/4th Avenue SE Culvert Replacements in accordance with drawings and specifications, which contract is by reference made a part hereof, and is hereinafter referred to as the Contract.

III. THE CONDITION OF THIS BOND is that if Principal:

1. Performs the contract at the times and in the manner prescribed in the contract, and

2. Pays Obligee any and all losses, damages, including delay damages, costs and attorneys fees that

Obligee sustains because of any default by Principal under the contract, and

3. Performs the guarantee of all work and materials furnished under the contract applicable to the work and materials, then this bond is void; otherwise it remains in full force.

The Surety, for value received, hereby stipulates and agrees that no changes, extensions of time, alterations or additions to the terms of the Contract or other work to be performed hereunder, or the specifications referred to therein shall in anywise affect its obligation under this bond, and it does hereby waive notice of any such changes, extension of time, alterations or additions to the terms of the Contract or to work or to the specifications.

In no event shall the Surety be liable in the aggregate to Obligee for more than the penalty of its Performance Bond regardless of the number of suits that may be filed by Obligee.

Performance Bond PFB - 3

THIS BOND DATED THIS day of , 20 .

ATTEST: PRINCIPAL:

____________________________________ BY:________________________________________(SEAL) Witness Authorized Signature (Principal)

Witness Printed Name

Title of Person Signing Above

-OR-

_____________________________________ BY:_______________________________________(SEAL) Witness As Attorney in Fact (Attach Power)

Witness Printed Name

Business Address

Business Telephone

STATE OF _______________________)

COUNTY OF ______________________)

The foregoing instrument was acknowledged before me by means of physical presence or online notarization this day of , 20 , by ________________________________________ as (Name of person)

________________________________ for _______________________________________________________.

(ie. Officer, attorney in fact) (Name of party on behalf of whom instrument was executed.)

(Signature of Notary Public)

(Print, Type, or Stamp Name of Notary Public) Personally Known __ OR Produced Identification ___

Type of Identification Produced ______________________

Performance Bond PFB - 4

ATTEST: SURETY:_______________________________________

(Printed Name) Business Address

_____________________________________ BY:_________________________________(SEAL)

Witness Authorized Signature

Witness Printed Name

-OR-

_____________________________________ BY:_____________________________________(SEAL) Witness As Attorney in Fact (Attach Power)

Witness Printed Name

COUNTERSIGNED (if applicable): Agent's License No.

Signed Agency Name

Agent's License No. Phone Agency Mailing Address

Agency Telephone No.

Agency Fax No.

STATE OF _______________________)

COUNTY OF ______________________)

The foregoing instrument was acknowledged before me by means of physical presence or online notarization this day of , 20 , by ________________________________________ as (Name of person)

________________________________ for _______________________________________________________.

(ie. Officer, attorney in fact) (Name of party on behalf of whom instrument was executed.)

(Signature of Notary Public)

Personally Known ___ OR Produced Identification ___ (Print, Type, or Stamp Name of Notary Public)

Type of Identification Produced ______________________