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- Attached to
- CR393 South Northbound Right Turn Lane
- Solicitation number
- 26-11
- Issued by
- Walton County, Florida
About this file
This is a Public Construction Bond form issued by the Board of County Commissioners of Walton County, Florida, applicable to a construction project for a northbound right-turn lane at the intersection of U.S. Highway 98 and County Road 393 South in Santa Rosa Beach. The project involves the construction of approximately 250 linear feet of a new turn lane within existing Walton County right-of-way, along with drainage enhancements, site clearing and grubbing, and installation of approximately 30 linear feet of retaining wall. The contract duration is one hundred twenty (120) days to substantial completion, with an additional thirty (30) days allocated for punch list completion.
The bond serves as a financial guarantee that the Principal (contractor) will perform all work in accordance with the contract terms, make prompt payments to all suppliers and laborers, and guarantee all work and materials for the specified time period. The surety is responsible for ensuring the Principal's performance and for compensating Walton County for any losses, damages, expenses, costs, and attorney's fees resulting from the Principal's default. The bond amount, principal contractor, and surety company information are to be completed upon execution. Any claims against the bond must be made in accordance with notice and time limitations specified in Florida Statutes Section 255.05(2), and venue for any litigation is established as Walton County, Florida.
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Text version
SEQ CHAPTER \h \r 1PUBLIC CONSTRUCTION BOND
BOARD OF COUNTY COMMISSIONERS,
WALTON COUNTY, FLORIDA
BY THIS BOND, We _________________________________________________, as Principal and ___________________________________________, a corporation, as Surety, whose address is , , Florida , are bound to Walton County, Florida, a political subdivision of the State of Florida, hereinafter referred to as "COUNTY", in the sum of ______________________________ DOLLARS ($________________), for the payment of which, we bind ourselves, our heirs, personal representatives, successors, and assigns, jointly and severally.
THE CONDITION OF THIS BOND is that the Principal:
1.
Performs the Contract dated ________________, 20___, between Principal and County for the construction of:
the Contract being made a part of this bond by reference, at the times and in the manner prescribed in the Contract, and
2.
Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida Statutes, supplying Principal with labor, materials, or supplies, used directly or indirectly by Principal in the prosecution of the work provided for in the Contract; and
3.
Pays County all losses, damages, expenses, costs, and attorney's fees, including appellate proceedings, that County sustains because of a default by Principal under the Contract; and
4.
Performs the guarantee of all work and materials furnished under the Contract for the time specified in the Contract, then this bond is void; otherwise, it remains in full force.
Any claims made against this bond shall be made in accordance with the notice and time limitations specified in Section 255.05(2), Florida Statutes.
Any changes in or under the Contract Documents and compliance or noncompliance with any formalities connected with the Contract or the changes do not affect surety's obligation under this bond.
Venue for any litigation resulting from this bond shall be Walton County, Florida.
Signed and sealed this ____ day of __________________, 20___.
ATTEST: PRINCIPAL
By:__________________________
By: ____________________ (SEAL)
[PRINT NAME & TITLE]
ATTEST: SURETY
By:__________________________
By: _________________________
[PRINT NAME & TITLE]
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