IFB-26-00265 Performance Bond.pdf

PDF 140 KB Posted

Attached to
Northwest Transfer Station Community Collection Center (NWTS CCC) Floor Upgrades
Solicitation number
IFB-26-00265
Issued by
Hillsborough County, Florida

About this file

This is a Performance Bond form template issued by the Hillsborough County Board of County Commissioners for IFB-26-00265, the Northwest Transfer Station Community Collection Center (NWTS CCC) Floor Upgrades project. The bond document establishes the contractual relationship between a licensed General Contractor in Florida, a surety company, and the County as obligee. The project involves the installation of cast-in-place concrete work, including demolition of existing concrete and asphalt paving and installation of new concrete and related work at the Northwest Transfer Station Community Collection Center. The contractor must furnish all labor, materials, tools, supervision, transportation, and installation equipment necessary for design, manufacture, storage, delivery, and demolition activities as specified in the contract drawings and specifications. The performance bond ensures that the contractor performs all work according to the prescribed timeline and manner outlined in the contract, pays any losses or damages sustained by the County due to contractor default, and guarantees all work and materials furnished under the contract.

The performance bond amount is to be determined based on the contract value, which is estimated at $2,243,136.50. The bond obligates the surety to remain liable up to the penalty amount of the Performance Bond regardless of the number of claims filed by the County. The County has established a 5% Small Business Enterprise (SBE) subcontractor participation goal for this solicitation and its resulting contract. The document requires notarization of both the principal contractor's and surety's signatures and includes provisions for surety agent countersignature if applicable. The bond conditions remain in effect for the duration of contract performance and modifications to the contract do not affect the surety's obligation under the bond.

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Text version

Performance Bond PFB - 1

(REV. 07/02/25)

BOND NO._________________

PERFORMANCE BOND

Contractor Name

Contractor Principal Business Address

Contractor Telephone No. ( )

Surety Name

Surety Principal Business Address

Surety Telephone No ( )

Owner of Property Being Improved:

Hillsborough County Board of County Commissioners Attn: Procurement Services Department P.O. Box 1110 Tampa, FL 33601

Telephone No. (813) 272 - 5790

Contracting Public Entity (if different from Owner) (N/A)

Contract Number Assigned by Public Entity (BOCC No.)

(Bid No.) IFB-26-00265

Description of Project (including if applicable, a legal description and the street address of the property being improved and a general description of the improvement):

[ ] See Attachment ("Legal Description")

The Hillsborough County Board of County Commissioners (County) is seeking competitive sealed bids from licensed General Contractors in the State of Florida for the installation of all cast‑in‑place concrete work Contractor shall furnish all labor, materials, tools, supervision, transportation and installation equipment necessary for the design, manufacture, storage, delivery, and demolition of existing concrete/asphalt paving and installation of all concrete and other work, as specified herein and as shown on the drawings for the Northwest Transfer Station Community Collection Center.

Performance Bond PFB - 2

BOND NO._________________

PERFORMANCE BOND

I. KNOW ALL PERSONS BY THESE PRESENTS: That , as Principal, and , as Surety, located at

(Business Address) are held and firmly bound unto the Board of County Commissioners, Hillsborough County, Florida, as Obligee in the sum of $ for the payment whereof we bind ourselves, our heirs, executors, personal representatives, successors and assigns, jointly and severally, firmly by these presents.

II. WHEREAS, Principal has entered into a contract dated the day of , 20 , with Obligee for IFB-26-00265 Northwest Transfer Station Community Collection Center (NWTS CCC) Floor Upgrades in accordance with drawings and specifications, which contract is by reference made a part hereof, and is hereinafter referred to as the Contract.

III. THE CONDITION OF THIS BOND is that if Principal:

1. Performs the contract at the times and in the manner prescribed in the contract, and

2. Pays Obligee any and all losses, damages, including delay damages, costs and attorneys fees that

Obligee sustains because of any default by Principal under the contract, and

3. Performs the guarantee of all work and materials furnished under the contract applicable to the work and materials, then this bond is void; otherwise it remains in full force.

The Surety, for value received, hereby stipulates and agrees that no changes, extensions of time, alterations or additions to the terms of the Contract or other work to be performed hereunder, or the specifications referred to therein shall in anywise affect its obligation under this bond, and it does hereby waive notice of any such changes, extension of time, alterations or additions to the terms of the Contract or to work or to the specifications.

In no event shall the Surety be liable in the aggregate to Obligee for more than the penalty of its Performance Bond regardless of the number of suits that may be filed by Obligee.

Performance Bond PFB - 3

THIS BOND DATED THIS day of , 20 .

ATTEST: PRINCIPAL:

____________________________________ BY:________________________________________(SEAL) Witness Authorized Signature (Principal)

Witness Printed Name

Title of Person Signing Above

-OR-

_____________________________________ BY:_______________________________________(SEAL) Witness As Attorney in Fact (Attach Power)

Witness Printed Name

Business Address

Business Telephone

STATE OF _______________________)

COUNTY OF ______________________)

The foregoing instrument was acknowledged before me by means of physical presence or online notarization this day of , 20 , by ________________________________________ as (Name of person)

________________________________ for _______________________________________________________.

(ie. Officer, attorney in fact) (Name of party on behalf of whom instrument was executed.)

(Signature of Notary Public)

(Print, Type, or Stamp Name of Notary Public) Personally Known OR Produced Identification

Type of Identification Produced ______________________

Performance Bond PFB - 4

ATTEST: SURETY:_______________________________________

(Printed Name) Business Address

_____________________________________ BY:_________________________________(SEAL)

Witness Authorized Signature

Witness Printed Name

-OR-

_____________________________________ BY:_____________________________________(SEAL) Witness As Attorney in Fact (Attach Power)

Witness Printed Name

COUNTERSIGNED (if applicable): Agent's License No.

Signed Agency Name

Agent's License No. Phone Agency Mailing Address

Agency Telephone No.

Agency Fax No.

STATE OF _______________________)

COUNTY OF ______________________)

The foregoing instrument was acknowledged before me by means of physical presence or online notarization this day of , 20 , by ________________________________________ as (Name of person)

________________________________ for _______________________________________________________.

(ie. Officer, attorney in fact) (Name of party on behalf of whom instrument was executed.)

(Signature of Notary Public)

Personally Known OR Produced Identification (Print, Type, or Stamp Name of Notary Public)

Type of Identification Produced ______________________

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