6-Consent of Surety to Final Payment.pdf.pdf

This is a Consent of Surety to Final Payment form issued by the Board of County Commissioners of Hillsborough County, Florida, for use in conjunction with construction contracts requiring performance and payment bonds. The document serves as the surety's formal approval authorizing final payment from the County to the contractor while preserving the surety's full obligation under the executed Performance and Payment Bond. The form requires completion of critical contract details including the contractor name, agreement date, surety identification, bond date, and bond amount. The document must be executed by authorized surety representatives and witnessed, followed by notarization in accordance with Florida law. This template is designed for use with Hillsborough County's construction projects, including the Countywide Stormwater Ditch and Side-Drain Restoration Contract valued at approximately $4.938 million.

The Consent of Surety to Final Payment form is a standard contractual instrument requiring the surety to acknowledge that final payment to the contractor does not relieve the surety of any obligations under the performance and payment bond. The form necessitates notarization and can be executed through either physical presence or online notarization. The surety must designate an authorized representative or attorney-in-fact to execute the document, with appropriate power of attorney documentation required if executed through an attorney in fact. The form was last revised on March 6, 2020, and establishes the legal framework ensuring the surety maintains financial responsibility for contract completion and payment obligations beyond the final payment stage.