7-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 construction contracts. The document serves as a formal acknowledgment by a surety company that it approves final payment from the county to the contractor and agrees that such payment does not relieve the surety of its obligations under the associated Performance and Payment Bond. The form requires completion of contract-specific details including the contractor name, agreement date, surety name, bond date, and bond amount. The document must be executed by authorized representatives of the surety, witnessed, and notarized before a Florida notary public to ensure legal validity.

The Consent of Surety to Final Payment form is a standard contract administration document that protects the county's interests by maintaining surety liability even after final payment is issued to the contractor. This form is directly related to the Roadway Resurfacing Repair and Preservation Districts 1&2 project, a $16,000,000 construction contract for milling, resurfacing, and preservation of county roadways using Superpave Asphaltic Concrete and Full Depth Reclamation methods. The contract includes a 5 percent Small Business Enterprise (SBE) subcontractor participation goal. This consent form would be required during the final closeout phase of the project to authorize release of final payment while maintaining the surety's bond obligations to the county.