24-IFB-26-00265 Performance Bond.pdf
PDF 140 KB Posted
- Solicitation number
- IFB-26-00265
- Issued by
- Hillsborough County, Florida
About this file
This is a Performance Bond template document issued by the Hillsborough County Board of County Commissioners in Florida for the Northwest Transfer Station Community Collection Center (NWTS CCC) Floor Upgrades project under Invitation for Bid (IFB-26-00265). The bond document establishes the framework for performance guarantees from selected contractors and their sureties. The project involves cast-in-place concrete work, including demolition of existing concrete and asphalt paving and installation of new concrete floors and related facility upgrades. Bids are due July 31, 2026, at 2:00 p.m. Eastern Time. The bond serves as security to ensure that the selected contractor performs all work in accordance with contract terms, specifications, and timelines established in the bid documents.
The Performance Bond is required at 100% of the contract amount upon award and guarantees contractor performance, timely completion of work, and payment of any losses, damages, delay damages, costs, and attorneys' fees incurred by Hillsborough County due to contractor default. The estimated contract value is $2.24 million with an additional $200,000 allowance. Substantial Completion is required within 150 calendar days from Notice to Proceed with liquidated damages of $1,000 per day for delays, and Final Completion within 180 days with liquidated damages of $750 per day. A 5% Small Business Enterprise subcontractor participation goal applies to the contract. Progress payments are subject to 5% retainage throughout the contract term. Contractors must be licensed Florida General Contractors, maintain all required insurance with Hillsborough County as Additional Insured, and comply with E-Verify requirements and other certification mandates outlined in bid specifications.
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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-26-00265
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.
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-26-00265 Northwest Transfer Station Community Collection Center (NWTS CCC) Floor Upgrades 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 ______________________
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