252761MN_Perf_&_Pymt_Bond_UPC_Transit_Shelter_&_Shelter_Pd_Installation_12-01-25.pdf
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- Solicitation number
- 252761MN
- Issued by
- Sarasota County, Siesta Key CDP, Florida
About this file
This is a Performance and Payment Bond template document issued by Sarasota County Government in compliance with Florida Statute Chapter 255.05(1)(a). The bond is required for Unit Price Contract (UPC) work related to transit shelter and shelter pad installation at various locations throughout Sarasota County. The bond serves as a guarantee that the principal contractor will perform all contract work as specified, make timely payments to all suppliers and laborers, and indemnify the County for any losses, damages, or expenses resulting from contractor default. The contract referenced is Bid #252761MN for transit shelter and shelter pad installation, with the County Board of County Commissioners designated as the owner. The bond amount is to be determined based on individual work assignments, and the surety company and contractor information will be completed at contract execution. The document requires the contractor's principal and surety to bind themselves jointly and severally for performance and payment obligations throughout the contract term as specified in the underlying work assignment documents.
The Performance and Payment Bond incorporates standard provisions requiring the contractor to guarantee all work and materials for the time period specified in the contract documents. The bond obligates the contractor to comply with all contract terms and conditions, with any modifications to the contract not affecting the surety's obligations. Claims by claimants under the bond must be filed in accordance with notice and time limitation provisions outlined in Florida Statute 255.05(2). The document provides space for designation of the surety company's claims contact information and any authorized agents or representatives in Florida. This bond template reflects the County's requirement for contractors to provide bonding security for work assignments exceeding $200,000, as stated in the related solicitation documents, and ensures financial accountability for performance and payment obligations throughout the contract duration.
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Text version
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:
File details come from the government source that posted it. Updated .