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 form issued by Sarasota County Government for a Unit Price Contract (UPC) for Transit Shelter and Shelter Pad Installation project (Bid #252761MN). The bond is required in compliance with Florida Statutes Chapter 255.05(1)(a) and applies to construction work at various locations throughout Sarasota County. The form establishes the contractual obligation between the principal contractor, surety company, and Sarasota County Board of County Commissioners, with the bond amount to be determined based on individual work assignments. The bond obligates the contractor to perform all work according to contract specifications and timelines, make prompt payments to all claimants supplying labor and materials, and guarantee all work and materials for the time period specified in the contract documents. The bond document includes provisions for recording the surety company's contact information and Florida-based agent details for claims processing.
The Performance and Payment Bond is a standard requirement for work assignments under this contract exceeding $200,000 and represents a critical protection mechanism for the County and all parties involved in the project. The bond serves to ensure contractor performance and payment of all suppliers and laborers involved in transit shelter installation and concrete pad construction activities. This bonding requirement, combined with the comprehensive insurance requirements outlined in the related solicitation (including $1,000,000 Commercial General Liability, $500,000 Workers' Compensation employers liability limits, and $2,000,000 Umbrella/Excess Liability coverage), establishes a multi-layered financial protection structure for the County. The form references Florida Statutes provisions governing notice requirements and time limitations for claims, ensuring all parties understand their rights and obligations under the bond agreement.
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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 .