26-Performance Bond.doc

DOC document 58 KB Posted

Attached to
Valrico Reclaimed Water Facility Diesel Generator Project
Solicitation number
IFB-26-00406
Issued by
Hillsborough County, Wright CDP, Florida

About this file

This is a Performance Bond template document for the Hillsborough County Board of County Commissioners, specifically for the Valrico Reclaimed Water Facility Diesel Generator Project (IFB-26-00406). The project involves the installation of a new 1500 kW/1875 kVA diesel-driven generator housed in a walk-in enclosure and mounted on an 8,500-gallon sub-base diesel fuel tank at the Valrico Advanced Wastewater Treatment Facility (AWWTF) in Hillsborough County, Florida. The performance bond document serves as a binding agreement between the principal contractor, the surety company, and the Hillsborough County Board of County Commissioners, establishing financial assurance for project completion.

The performance bond requires the contractor to perform the contract according to prescribed timelines and specifications, pay all losses, damages, delay costs, and attorney fees resulting from default, and guarantee all work and materials furnished. The surety's liability is capped at the bond penalty amount regardless of the number of claims filed. The document requires notarization of signatures from both the principal contractor and surety company, with provisions for execution by authorized representatives or attorneys-in-fact. The bond template includes sections for bond number, contract number, contract date, project description, principal and surety contact information, and official acknowledgment by notary public.

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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-26-00406 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 Project involves the provision of a new 1500 kW/1875 kVA diesel driven generator, housed in a walk-in enclosure, and mounted on an 8,500 sub-base diesel fuel tanks for the existing Valrico Reclaimed Water Facility, to be located on the site of the Valrico Advanced Wastewater Treatment Facility (AWWTF) in Hillsborough County.

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-26-00406 Valrico Reclaimed Water Facility Diesel Generator 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 .