Public_Construction_Bond_(25).doc

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Attached to
SR 20 and CR 83A West (West Bay Loop) Intersection Improvements and Signalization
Solicitation number
25-25
Issued by
Pinellas County, Clewiston City, Florida

About this file

Written by GovTribe AI ·

This is a Public Construction Bond form issued by the Board of County Commissioners of Walton County, Florida, applicable to a construction contract for intersection improvements at SR 20 and CR 83A West (West Bay Loop) near Freeport. The bond establishes financial security for a contractor's performance and payment obligations under the construction contract, with a contract duration of one hundred fifty (150) days to substantial completion plus an additional thirty (30) days for punch list completion. The bond document itself does not specify response dates, bid due dates, site visits, or bidders' meetings; these details would be contained in the accompanying solicitation documents. The bond requires the principal contractor and surety to execute the document by specifying the contract date and bond amount, with venue for any litigation established in Walton County, Florida.

The bond amount is not specified in this template document and would be determined based on the total contract value for the construction project. The bond serves as a guarantee that the principal will perform all work in accordance with contract specifications, promptly pay all claimants supplying labor, materials, and supplies, and cover all losses, damages, expenses, costs, and attorney's fees incurred by the County due to principal default. The bond includes compliance with Florida Statutes Section 255.05 regarding claimant definitions and notice and time limitations for claims. No information regarding pricing terms, set-asides, incumbents, funding sources, or renewal options is contained within this bond document, as it is solely a surety instrument designed to secure contractor performance and payment responsibilities under the referenced construction contract.

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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 ________________, 2025, 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 __________________, 2025.

ATTEST: PRINCIPAL

By:__________________________

By: ____________________ (SEAL)

[PRINT NAME & TITLE]

ATTEST: SURETY

By:__________________________

By: _________________________

[PRINT NAME & TITLE]

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