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

This is a Consent of Surety to Final Payment form used by the Board of County Commissioners of Hillsborough County, Florida in connection with construction contracts. The document serves as a formal acknowledgment by a surety company that it approves final payment to a contractor and consents to the release of funds by the county owner. The form contains blank fields for completion with the contractor name, agreement date, surety company name, performance and payment bond date, and bond amount. The document requires signatures from the surety's authorized representative and attorney in fact, along with notarization before a Florida notary public. The notarization section includes provisions for both physical presence and online notarization options and requires identification verification.

In the context of the Valrico Reclaimed Water Facility Diesel Generator Project, this surety consent form would be executed upon completion of the estimated $4,728,600.00 project, which involves installation of a new 1500 kW/1875 kVA diesel-driven generator in a walk-in enclosure mounted on an 8,500-gallon sub-base diesel fuel tank at the Valrico Advanced Wastewater Treatment Facility. The project is partially funded through Hazard Mitigation Grant Program and Hazard Mitigation Grant Match Program funding. A Small Business Enterprise (SBE) subcontractor participation goal of 5% has been established for this solicitation. The surety's consent to final payment ensures that the performance and payment bond remains in effect and protects the county owner's interests even after the final payment is released to the contractor.