21-Performance Bond.pdf

PDF 154 KB Posted

Attached to
Southshore Sportsplex - Phase 2
Solicitation number
IFB-26-00279
Issued by
Hillsborough County, Florida

About this file

This is a Performance Bond template document issued by the Hillsborough County Board of County Commissioners for use in IFB-26-00279, the Southshore Sportsplex - Phase 2 construction project located at 6110 Waterset Boulevard, Apollo Beach, Florida 33572. The project involves construction of Phase 2 of the sports complex, consisting of six baseball/softball synthetic turf fields with dugouts and sports lighting, one concession building, three prefabricated pavilions, and associated infrastructure including roadway improvements, landscaping, irrigation, parking lots, utilities, storm drainage, and data service conduits. The performance bond document establishes the contractual obligations between the Principal (contractor), Surety (bonding company), and Obligee (Hillsborough County Board of County Commissioners), requiring the contractor to perform all work according to contract specifications and timelines while protecting the county against contractor default, damages, and delay costs.

The performance bond amount is to be determined and specified by the contractor and surety at the time of execution. The bond serves as a guarantee that the contractor will complete all work and materials as prescribed in the contract and will compensate the county for any losses, damages, delays, costs, and attorney fees resulting from contractor default. The surety's liability is capped at the penalty amount of the performance bond regardless of the number of claims filed. The bond document requires notarization of both the Principal and Surety signatures and includes provisions allowing the surety to waive notice of contract modifications, extensions of time, or specification changes while remaining obligated under the bond terms.

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Text version

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-26-00279

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")

Generally, the Work includes but is not limited to: Construction of Phase 2 of the sports complex at 6110 Waterset Boulevard, Apollo Beach, FL 33572 consisting of six (6) baseball/softball synthetic turf fields, complete with dugouts and sports lighting for all six fields, one (1) concession building, two (2) 34’x24’ prefabricated pavilions, one (1) 20’x20’ prefabricated pavilion together with associated on-site and off-site improvements such as roadway improvements, landscaping, irrigation, access drives, parking lots, dumpster enclosure, signs, flagpole, sidewalks, fences, storm drainage system, all necessary utilities such as water, waste water, fire line, reclaimed water, electrical service and conduits for data service all as indicated in the Drawings and Specifications.

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-26-00279, Southshore Sportsplex – Phase 2 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 ______________________

File details come from the government source that posted it. Updated .