252761MN_Perf_&_Pymt_Bond_UPC_Transit_Shelter_&_Shelter_Pd_Installation_12-01-25.pdf

SARASOTA COUNTY GOVERNMENT

PERFORMANCE AND PAYMENT BOND

In compliance with F.S. Chapter 255.05(1)(a)

15 July 09 Revision

PERFORMANCE AND PAYMENT BOND PAGE PB-1

BOND NO.:

CONTRACTOR NAME:

CONTRACTOR ADDRESS:

CONTRACTOR PHONE NO.:

SURETY COMPANY:

SURETY AGENT:

OWNER NAME: Sarasota County Board of County Commissioners OWNER ADDRESS: 1 Apex Road Sarasota FL 34240

OWNER PHONE NO.: 941-861-5000

BOND AMOUNT:

CONTRACT NO.: (if applicable)

DESCRIPTION OF WORK: UPC work for transit shelters & shelter pads as outlined in individual work assignments.

PROJECT ADDRESS: Various locations in Sarasota County.

LEGAL DESCRIPTION: Various locations in Sarasota County.

By this bond, we, _____________________________________, as Principal and

________________________________, a corporation, as Surety, are bound to Sarasota

County Board of County Commissioners, herein called Owner, in the sum of

$_________________________________, for payment of which we bind ourselves, our heirs, personal representatives, successors, and assigns, jointly and severally.

The conditions of this bond is that if Principal:

In compliance with F.S. Chapter 255.05(1)(a)

15 July 09 Revision

PERFORMANCE AND PAYMENT BOND PAGE PB-2

1. Performs the Contract dated , between principal and Owner for construction of Unit Price Contract (UPC) for Transit Shelter & Shelter Pad Installation, Bid # 252761MN the contract being made a part of this bond by reference, at the times and in the manner prescribed in the contract;

and

2. Promptly makes payments to all claimants, as defined in Section 255.05 (1)

Florida Statutes, supplying principal with labor, materials, or supplies, used directly or indirectly by principal in the prosecution of the work provided for in the contract; and

3. Pays Owner all losses, damages, expenses, costs, and attorney’s fees, including appellate proceedings, that Owner sustains because of a default by principal under the contract work; and

4. Performs the guarantee of all work and materials furnished under the contract for the time specified in the contract, then this bond is void;

otherwise it remains in full force.

Any changes in or under the contract documents and compliance or noncompliance with any formalities connected with the contract or the changes does not affect surety’s obligation under this bond.

Any action instituted by a claimant under this bond for payment must be in accordance with the notice and time limitation provisions in Section 255.05(2), Florida Statutes.

In compliance with F.S. Chapter 255.05(1)(a)

15 July 09 Revision

PERFORMANCE AND PAYMENT BOND PAGE PB-3

In witness whereof, the said Principal and Surety have signed and sealed this instrument this

(date)

Principal

By:

As President

(SEAL)

Surety

By:

Approved as to form and execution:

By: ____________________________________________

Attorney to Board of County Commissioners of Sarasota County, Florida

Any Claims under this bond may be addressed to (name and address of Surety):

Telephone No: ___________________________________________

Name and address of agent or representative in Florida if different from above:

Telephone No: ___________________________________

OWNER ADDRESS: