Consent_of_Surety.docx
DOCX document 4 MB Posted
- Solicitation number
- 26-06
- Issued by
- Walton County, Florida
About this file
This is a Consent of Surety document related to a concrete crushing and processing project for Walton County, Florida. The document serves as evidence that a surety company is willing and able to provide Performance and Payment Bonds equal to 100 percent of the total contract price should the contractor be awarded the project. The surety agrees to execute and deliver the required bonds upon the county's award of the contract to the principal contractor, conditioned upon the contractor's execution of the formal written contract within the timeframe specified in the solicitation documents. The bonds will guarantee faithful performance of the contract and payment to all labor and material suppliers for the project. Completion of all crushing and processing work is required within a maximum of 120 calendar days from the Notice to Proceed, unless extended by the county due to weather, equipment failure, or site-access limitations.
The surety company must be currently listed on the U.S. Treasury Department Circular 570 and possess an A.M. Best Rating of A- Class VII or better to qualify. A Power of Attorney document authorizing the specific individual signing on behalf of the insurance company must be attached to the Consent of Surety. The specific bond amount and project reference number are to be filled in by the parties, along with the date of execution. This document is a standard requirement for public works projects in Florida and demonstrates the contractor's financial capability and commitment to completing the work in accordance with contract specifications.
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Other files
| File | Type | Posted |
|---|---|---|
| On-Site_Concrete_Crushing_with_Multi-Size_Aggregate_Output_and_Contaminant_Removal_(Addendum_#1_Revision).pdf | ||
| ON_SITE_CONCRETE_CRUSHING_.pdf | ||
| On-Site_Concrete_Crushing_with_Multi-Size_Aggregate_Output_and_Contaminant_Removal.pdf | ||
| Contract_No._26-06.pdf | ||
| Corporate_Power_of_Attorney.docx | DOCX document | |
| Consent_of_Surety.docx | DOCX document | |
| Public_Construction_Bond.doc | DOC document | |
| FDOT_Specifications_Section_911.pdf | ||
| FDOT_Specifications_Section_204.pdf | ||
| Public_Construction_Bond_(25).doc | DOC document | |
| CONSTRUCTION_CONTRACT.doc | DOC document |
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Text version
CONSENT OF SURETY
Project Name: [Name of Project/Contract] Project Number: [Solicitation or Reference Number] Obligee (Owner): Walton County, Florida, a political subdivision of the State of Florida WHEREAS, [Name of Contractor] (hereinafter referred to as the "Principal") has submitted a proposal or bid for the project described above; and WHEREAS, the Obligee requires that the successful bidder provide evidence of their ability to secure Performance and Payment Bonds in an amount equal to one hundred percent (100%) of the total contract price.
NOW, THEREFORE, [Name of Surety Company] (hereinafter referred to as the "Surety"), a corporation organized and existing under the laws of the State of [State] and authorized to transact business as a surety in the State of Florida, does hereby represent and agree as follows:
1. Agreement to Bond: Should the Obligee award the contract for the aforementioned project to the Principal, the Surety agrees to execute and deliver the required Performance and Payment Bonds as specified in the solicitation documents.
2. Bond Amounts: Said bonds shall be in an amount equal to $________________ and shall be conditioned upon the faithful performance of the contract and the payment of all persons supplying labor and materials for the project.
3. Conditions: This consent is subject to the Obligee entering into a formal written contract with the Principal and the Principal executing said contract within the timeframe required by the solicitation.
4. Surety Qualifications: The Surety certifies that it is currently listed on the U.S. Treasury Department Circular 570 and possesses an A.M. Best Rating of A- Class VII or better.
IN WITNESS WHEREOF, the Surety has caused this instrument to be signed by its authorized Attorney-in-Fact and its corporate seal to be affixed this ____ day of ___________, 20___.
SURETY COMPANY:
(Signature of Attorney-in-Fact) [Printed Name of Attorney-in-Fact] [Affix Corporate Seal Here]
A Power of Attorney document authorizing the specific individual signing on behalf of the insurance company must be attached to this Consent of Surety.
File details come from the government source that posted it. Updated .