23-IFB-26-00265 Payment Bond.pdf
PDF 171 KB Posted
- Attached to
- Tree Trimming and Removal Services
- Solicitation number
- RFP-2026-01-0-2027/AB
- Issued by
- Brevard County, Florida
About this file
This Payment Bond document is required for the City of Rockledge's Tree Trimming and Removal Services contract opportunity (23-IFB-26-00265) in Florida. The payment bond serves as a financial guarantee instrument that the successful bidder must provide to ensure payment obligations to laborers, material suppliers, and other parties involved in the performance of tree maintenance, trimming, removal, stump grinding, and emergency services throughout the city's rights-of-way and facility grounds. The bond requirement protects subcontractors and suppliers from non-payment by establishing a financial security mechanism backed by a surety company. This is a standard contractual requirement for public works projects and must be executed by the awarded contractor prior to commencing work.
The specific bond amount, penal sum, and surety company details are specified within this document to ensure adequate financial coverage for all project obligations. The payment bond requirement applies to the selected contractor and may extend throughout the contract term, which encompasses all tree services performed under the agreement. This bonding requirement is typical for municipal construction and maintenance contracts and serves to protect the city's interests and those of all parties providing labor and materials to the project.
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Text version
Payment Bond PYB - 1
(REV. 07/02/25)
BOND NO._
PAYMENT 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-26-00265
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")
The Hillsborough County Board of County Commissioners (County) is seeking competitive sealed bids from licensed General Contractors in the State of Florida for the installation of all cast‑in‑place concrete work Contractor shall furnish all labor, materials, tools, supervision, transportation and installation equipment necessary for the design, manufacture, storage, delivery, and demolition of existing concrete/asphalt paving and installation of all concrete and other work, as specified herein and as shown on the drawings for the Northwest Transfer Station Community Collection Center.
Payment Bond PYB - 2
BOND NO. _____________________
PAYMENT BOND
I. BY THIS BOND, We, (hereinafter called the "Principal") and (Name of Surety) (hereinafter called the "Surety", located at (Business Address) a surety insurer chartered and existing under the laws of the State of and authorized to do business in the State of Florida, are held and firmly bound unto the BOARD OF COUNTY COMMISSIONERS OF HILLSBOROUGH COUNTY, FLORIDA (hereinafter called the "Owner") in the sum of ($ ) for payment of which we bind ourselves, our heirs, our personal representatives, our successors, and our assignees jointly and severally.
II. WHEREAS, the Principal and Owner have reached a mutual agreement (hereinafter referred to as the "Contract") as of (the bid award date for projects subject thereto) for the purpose of IFB-26-00265 Northwest Transfer Station Community Collection Center (NWTS CCC) Floor Upgrades said Contract being made a part of this Bond by this reference.
III. A. NOW THEREFORE, THE CONDITION OF THIS BOND IS THAT IF THE PRINCIPAL:
1. Shall promptly make payments to all claimants as defined in section 255.05(1), Florida Statutes, supplying the Principal with labor, materials, or supplies, as used directly or indirectly by the Principal in the prosecution of the work provided for in the Contract; and
2. Shall pay the Owner for all losses, damages, expenses, costs, and attorney's fees, including those resulting from appellate proceedings, that the Owner sustains because of a default by the Principal in contravention to the Contract in regard to payment for such labor, materials, or supplies furnished to the Principal; then this Bond is void; otherwise, this Bond remains in full force and effect.
B. BE IT FURTHER KNOWN:
1. Any changes in or under the Contract and compliance or noncompliance with any formalities connected with the said Contract or alterations which may be made in the terms of the said Contract, or in the work to be done under it, or the giving by the Owner of any extension of time for the performance of the said Contract, or any other forbearance on the part of the Owner or Principal to the other, shall not in any way release the Principal and the Surety, or either or any of them, their heirs, their personal representatives, their successors or their assigns from liability hereunder, notice to the Surety of any such changes, alterations, extensions or forbearance being hereby waived.
2. Certain claimants seeking the protection of this Bond must timely comply with the strict requirements set forth in section 255.05, Florida Statutes, and as otherwise provided by law.
3. As concerns payment for labor, materials and supplies, as affects certain claimants, no legal action shall be instituted against the Principal or Surety on this Bond after one (1) year from the performance of labor or the completion of delivery of the materials or supplies as is specifically mandated pursuant to section 255.05, Florida Statutes.
Payment Bond PYB - 3
THIS BOND DATED THIS day of , 20 .
ATTEST: PRINCIPAL:
Printed Name
BY: (SEAL)
Witness Authorized Signature (Principal)
Witness Printed Name
Title of Person Signing Above
-OR-
Witness As Attorney in Fact (Attach Power)
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 ______________________
Payment Bond PYB - 4
ATTEST SURETY:
Printed Name
Business Address
Witness Authorized Signature
-OR-
Witness As Attorney in Fact (Attach Power)
Agent's License No.
COUNTERSIGNED (if applicable) Agency Name
Signed Agency Mailing Address Agent's License No. Phone ( ) Agency Telephone Number
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 ______________________
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