41-Bonds Requirements Form Surety2000.pdf
PDF 198 KB Posted
- Attached to
- Progressive Design-Build Services for Town of Palm Beach Mid-Town Seawall Replacement Project
- Solicitation number
- RFQ No.2026-020
- Issued by
- Palm Beach County, Florida
About this file
This is a Bonds Requirements Acknowledgement form issued by the Town of Palm Beach, Florida, for the Progressive Design-Build Services for the Town of Palm Beach Mid-Town Seawall Replacement Project. The project involves the design and construction of a new seawall approximately 2,700 linear feet along South Ocean Boulevard between Gulfstream Road and Royal Palm Way. A mandatory pre-proposal meeting and site visit are scheduled for March 31, 2026, at 10:00 AM EST at the Public Works Building, with the site visit meeting point at the Worth Avenue Clock Tower. Proposals must be submitted online through the EUNA Procurement platform. Failure to attend the mandatory pre-proposal meeting and site visit will result in disqualification from the solicitation process.
Performance and Payment Bonds are required for all bids of $200,000 and over, with bond amounts equal to 110 percent of the total contract price, payable to the Town. Bonds must be executed contemporaneously with contract execution and remain in full force and effect for at least one year after project completion. The Town requires electronic bonds obtained through the Surety2000 platform, signed by a surety company authorized to conduct business in Florida. Bidders must register with Surety2000, provide bond details to their surety broker using their EIN as the vendor ID, and submit the resulting eleven-digit bond number with their proposal. Contractors are responsible for recording the bonds in the Public Records of Palm Beach County and providing the Town with certified copies and proof of recording prior to work commencement and purchase order issuance. A set of three original bonds is required.
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Text version
TOWN OF PALM BEACH – Bonds Requirements Acknowledgement
TOWN OF PALM BEACH
Bonds Requirements Form
Performance Bond and Payment Bond Requirement: Applies to all bids of $200,000 and over
The proposer to whom a contingent award is made shall duly execute and deliver to the Town, Performance and Payment Bonds, in amounts equal to 110% of the total contract price, payable to the Town, as surety for faithful performance under the terms and conditions of the contract. The Performance and Payment Bonds shall be delivered to the Town contemporaneously with contract execution. The Performance Bond and the Payment Bond shall incorporate by reference and be deemed to include all of the agreements and obligations of Contractor under this Contract, including, but without limitation, specific undertaking of the Surety to pay any Liquidated Damages hereunder, as well as any obligations as provided in the bidding requirements or specifically required in any of the Contract Documents related to this Contract. "Conditional" Payment Bonds pursuant to Section 713.20 of the Florida Statutes are not acceptable and will not meet the requirements of this paragraph. The Surety must be a surety licensed to write Performance and Payment Bonds meeting these requirements in Florida. For reasonable cause shown, the Town shall have the right to reject Contractor's Surety and require the Performance Bond and Payment Bonds to be issued by another surety. The Performance Bond shall remain in full force and effect for at least one (1) year after the date of Completion. It is the Contractor's obligation to record the Payment and Performance Bond(s) among the Public Records of Palm Beach County, Florida and shall provide the Town with a certified copy of the bond(s) before commencement of work. Proof of recording must be submitted to the Town prior to issuance of a Purchase Order. A set of three (3) originals shall be required.
Surety2000
The Town conducts online verification of bonds through Surety2000. The only type of acceptable surety will be Electronic Bond signed by a Surety company authorized to do business in the State of Florida obtained and housed on the Surety2000 platform.
How to obtain an Electronic Bid Bond from Surety2000:
1. Bidder must register with Surety2000 by visiting www.surety2000.com. If you have already registered with Surety2000 previously you will not need to register again.
2. Verify that your Surety Broker is registered with Surety2000. If they are not direct them to visit www.surety2000.com to register.
3. Provide your Surety Broker the bond details for the proposal.
a. Note: Surety2000 requires a vendor ID. Please use your EIN to accommodate the requirement.
4. Once your Surety Broker has confirmed execution of the electronic bond creating, log into the www.surety2000.com to digitally sign the bond and receive the eleven-digit bond number.
5. Enter this number where indicated in the bid proposal submission.
I hereby confirm that our company is capable of providing and shall provide bonds as requested above upon award:
Company Name: Name:
Date: Authorized Signature:
http://www.surety2000.com/ http://www.surety2000.com/ http://www.surety2000.com/
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