Ex 1 part 1 STANDARD PERFORMANCE BOND FOR CONSTRUCTION CONTRACTS (002).pdf
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- Attached to
- IFB 2025-01 Gym Roof Replacement
- Solicitation number
- 72099
- Issued by
- Fluvanna County, Virginia
About this file
The document is a Standard Performance Bond for Construction Contracts between the Contractor ("Principal") and the Surety, binding them to the County of Fluvanna, Virginia ("Obligee") in the amount of $[amount]. The bond ensures the Principal will promptly and faithfully perform the Contract in strict conformity with the plans, specifications, and conditions. Any alterations to the Contract will not release the Principal and Surety from their liability. The Surety is legally authorized to do business in Virginia, and the exclusive venue and jurisdiction for any dispute is in the courts of Fluvanna County, Virginia.
The related state and local contract opportunity is for IFB 2025-01 Gym Roof Replacement, in which Fluvanna County, Virginia is seeking bids from qualified, licensed contractors to establish a firm fixed price contract for the repair of the roof at the Carysbrook Gym. The project involves the removal of the existing roof and installation of a new roof, as well as the replacement of all guttering and downspouts on the back of the building. Bidders must have a current Class "A" Contractor's license and specific specialty licenses for roofing work. The mandatory pre-bid conference will be held on July 29, 2024, and bids are due by August 6, 2024 at 2 p.m. EST. The successful contractor must complete the project within 60 calendar days of the Notice to Proceed.
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Text version
STANDARD PERFORMANCE BOND FOR CONSTRUCTION CONTRACTS
KNOW ALL MEN BY THESE PRESENT:
That , ________________________________the Contractor (“Principal”) whose principal place of business is located at ___________________________________________ and ______________________________________________ (“Surety”) are held and firmly bound unto the County of Fluvanna, Virginia, the Owner (“Obligee”) in the amount of Dollars ($ _____________________________________), for the payment whereof Principal and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, Principal has by written agreement dated the ___ day of _________________, 20__ entered into a contract with Obligee for which contract (the “Contract”) is by reference expressly made a part hereof;
NOW THEREFORE, THE CONDITION OF THIS OBLIGATION is such that, if the Principal shall promptly and faithfully perform said Contract in strict conformity with the plans, specifications and conditions of the Contract, then this obligation shall be null and void; otherwise it shall remain in full force and effect.
Provided, that any alterations which may be made in the terms of the Contract, or in the Work to be done under it, or the giving by the Obligee of any extension of the time for the performance of the Contract, or any other alterations, extensions or forbearance on the part of either or both of the Obligee or the Principal to the other shall not in any way release the Principal and the Surety, or either of them, their heirs, executors, administrators, successors or assigns from their liability hereunder, notice to the Surety of any such alterations, extension, or forbearance being hereby waived.
No action shall be brought on this bond unless brought within one year after: (a) completion of the Contract and all Work thereunder, including expiration of all warranties and guarantees, or
(b) discovery of the defect or breach of warranty or guarantee if the action be for such. The Surety represents to the Principal and to the Obligee that it is legally authorized to do business in the Commonwealth of Virginia. Exclusive venue and jurisdiction for any dispute arising hereunder shall be in the courts of the County of Fluvanna, Virginia.
Signed and sealed this ___ day of _________________, 20__ .
Principal Surety (must be signed by a Virginia Resident Agent of Surety)
By:_________________________ By:_________________________
Title:________________________ Title:________________________
Date:________________________ Date:________________________
Address: _____________________
Approved as to form: _____________________________
_____________________________ Bond No.: ______________________
Fluvanna County Attorney
File details come from the government source that posted it. Updated .