23-Performance Bond 07.02.25.doc

DOC document 43 KB Posted

Attached to
R3M Miscellaneous Facilities Construction Term Contract 11
Solicitation number
IFB-26-00401
Issued by
Hillsborough County, Florida

About this file

This is a Performance Bond template document related to Hillsborough County Board of County Commissioners' R3M Miscellaneous Facilities Construction Term Contract 11, identified as IFB-26-00401. The contract encompasses miscellaneous facilities construction and renovation services across various county facilities and sites, with work types including interior building repairs and renovations, re-roofing, exterior building repairs and renovations, site work/utilities/landscaping, electrical/mechanical/plumbing work, and special construction. The bond template establishes the framework for contractors and sureties to guarantee performance of contracted work in accordance with project drawings and specifications. The document is dated July 2, 2025 (REV. 07/02/25) and serves as the standard bonding instrument for this procurement.

The Performance Bond secures contractor performance by requiring the principal contractor and surety to guarantee completion of work at prescribed times and in the manner outlined in the contract, payment of all losses, damages, delay costs, and attorneys' fees resulting from contractor default, and performance guarantees for all work and materials. The surety's liability is capped at the bond penalty amount regardless of the number of claims filed. The contract is valued at $16,500,000.00, with a Small Business Enterprise (SBE) subcontractor participation goal of 10% established for this solicitation. The bond requires notarization and, where applicable, countersignature by the surety's authorized agent, with provisions allowing for online notarization and attorney-in-fact authorization with attached power of attorney documentation.

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Text version

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-26-00401

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 Facilities Management and Real Estate Services Department is seeking competitive bids from experienced and qualified Contractors with a proven and documented track record of providing miscellaneous facilities construction projects. It is anticipated that the work to be performed under this Contract will include up to moderately complex construction and renovation required by the County at any of its various facilities and sites. The work may include, but will not be limited to, the following types of work: Interior building repairs and renovations, Re-roofing, Exterior building repairs and renovations, Site work/utilities/landscaping, Electrical/mechanical/plumbing work, and special construction.

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-26-00401 R3M Miscellaneous Facilities Construction Term Contract 11 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.

THIS BOND DATED THIS day of , 20 .

ATTEST:

PRINCIPAL:

BY:________________________________________(SEAL)

Witness

Authorized Signature (Principal)

Printed Name

Title of Person Signing Above

-OR-

BY:_______________________________________(SEAL)

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 ______________________

ATTEST:

SURETY:_______________________________________

(Printed Name)

Business Address

BY:_________________________________(SEAL)

Authorized Signature

-OR-

BY:_____________________________________(SEAL)

As Attorney in Fact (Attach Power)

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 ______________________

Performance Bond

PFB - 1

(REV. 07/02/25)

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