4-D1. FLORIDA PERFORMANCE BOND - USED FOR PI PROJECTS ONLY.pdf

FLORIDA PERFORMANCE BOND

(Name of Contractor)

PROJECT:

BID NO.:

PROJECT NO.:

PROJECT LOCATION:

BOND NO.:

AMOUNT:

KNOW ALL MEN BY THESE PRESENT, that we, located at (Address and Telephone Number of Contractor) hereinafter called the Principal, and (Name of Surety) located at (Address and Telephone Number of Surety) hereinafter called the SURETY, are held and firmly bound unto PASCO COUNTY BOARD OF COUNTY COMMISSIONERS, 7536 STATE STREET, NEW PORT RICHEY, FLORIDA 34654, (727) 847- 2411, A POLITICAL SUBDIVISION OF THE STATE OF FLORIDA, hereinafter called the COUNTY, in the penal sum of ______________________and _____ Dollars (____________) for the payment of which we bind ourselves, our heirs, executors, administrators, successors, and assigns for the faithful performance of a certain written CONTRACT, entered into between the Principal and the COUNTY, for the WORK described, a copy of which said CONTRACT dated: the day of , 20 is made a part hereof as if fully copied herein.

Now, therefore, the conditions of this obligation are such, that if the Principal shall In all respects comply with the terms and conditions of said CONTRACT, and his obligation thereunder, including the CONTRACT Documents which include the Notice to BIDDERS, Instructions to BIDDERS, CONTRACT CONDITIONS, PROPOSAL AND BID FORMS, Contract Forms, Notice of Award, Exhibits and Technical SPECIFICATIONS therein referred to and made a part thereof, and such alterations as may be made in said SPECIFICATIONS as therein provided for, NOTICE TO PROCEED, CONTRACT BOND, and any CHANGE ORDER, Purchase Order, or SUPPLEMENTAL AGREEMENT, and shall indemnify, defend, and save harmless the said COUNTY against and from all costs, expenses, damages, injury, or conduct, want of care or skill, negligence or default, including patent infringements on the part of the said Principals, agents, or employees, in the execution of performance of said CONTRACT, including errors in the plans furnished by the Principal, and further, if such CONTRACTOR or CONTRACTORS shall promptly make payments to all persons supplying him, them, or it, labor, MATERIAL, and supplies, used directly or indirectly by said CONTRACTOR, CONTRACTORS, SUBCONTRACTOR, or SUBCONTRACTORS in the prosecution of the WORK provided for in said CONTRACT, this obligation shall be void; otherwise, the Principal and SURETY jointly and severally agree to pay to the COUNTY any difference between the sum to which the said Principal would be entitled on the completion of the CONTRACT, and that which the COUNTY may be obliged to pay for the completing of said WORK BY CONTRACT or otherwise, and any damages, direct or indirect, or consequential, which the said COUNTY may sustain on account of such WORK, or on account of the failure of the said CONTRACTOR to properly and in all things keep and execute all provisions of said CONTRACT.

And the said Principal and SURETY hereby further bind themselves, their successors, and executors, administrators, and assigns jointly and severally, that they will amply and fully protect the said COUNTY against, and will pay any and all amounts, damage costs, and judgements which may be recovered against or which the COUNTY may be called upon to pay to any person or corporation by reason of any damages arising from the performance of said WORK, or of the repair or maintenance thereof, or the manner of doing the same or the neglect of the said Principal, or his agents or servants, or the improper performance of the said WORK by the Principal, or his agents or servants, or the failure to keep and execute all provisions of said CONTRACT or the infringements of any patent rights by reason of the use of any MATERIAL furnished, or WORK done; as aforesaid, or otherwise.

And the said Principal and SURETY hereby further bind themselves, their successors, heirs, executors, administrators, and assigns, jointly and severally, to repay the COUNTY any sum which the COUNTY may be compelled to pay because of any lien for labor or MATERIAL furnished for the WORK embraced by said CONTRACT, and the said SURETY, for value received, hereby stipulates and agrees that no change, purchase order, task order, extension of time, alterations, or additions to the terms of the CONTRACT or to the WORK to be performed thereunder, or the SPECIFICATIONS accompanying the same shall in any way affect its obligations on this BOND, and it does hereby waive notice of any such change, extensions of time, alterations, or additions to the WORK or to the SPECIFICATIONS.

In testimony whereof, witness the hands and seals of the parties hereto this day of

, 20 .

(Contractor)

PRINCIPAL

BY:

Name:

Title:

ATTEST:

SURETY BY:

ADDRESS

WITNESS: CITY

STATE ZIP

Signature PHONE NO.

COUNTERSIGNERS:

BY:

NOTARY ACKNOWLEDGMENT

STATE OF }

} ss

COUNTY OF }

The foregoing instrument was acknowledged before me on ________________, 20_____, by means of:

physical presence, or online notarization

[as applicable, complete one (1) of the four (4) choices below]:

(1) FOR A CORPORATION OR LIMITED LIABILITY COMPANY:

[Name] , who executed the foregoing instrument as [Title] ____ of [Corporation or Company Name] , a:

corporation, or limited liability company organized under the laws of [State] __ , and who severally and duly acknowledged the execution of such instrument as aforesaid on behalf of the corporation or limited liability company.

(2) FOR AN INDIVIDUAL ACTING IN HIS OR HER OWN RIGHT:

[Name] _____________________________________________________________.

(3) FOR A PARTNERSHIP:

[Name] ______Partner (or Agent), on behalf of [Name of Partnership] , a [State] partnership.

(4) FOR AN INDIVIDUAL ACTING AS PRINCIPAL BY AN ATTORNEY IN FACT:

[Name] , as attorney in fact.

Said person is (check one below):

Personally known to me, or Has produced as identification on behalf of [Write: Name of Corporation, Company, Partnership, Principal, as applicable]:

Signature of person taking acknowledgment

[Notary Stamp or Seal] Print Notary’s Name (This line is required to be completed by §117.05, F.S.)