Public_Construction_Bond_(25).doc
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- Attached to
- CR 1883 Improvements Phase 1 State and local contract opportunity
- Solicitation number
- ITB 25-16
- Issued by
- Walton County, Florida
About this file
This document is a Public Construction Bond for Walton County, Florida, related to the CR 1883 Improvements Phase 1 project. The project involves resurfacing approximately 4.92 miles of roadway from the intersection of SR 83 to CR 183B, including milling, resurfacing, signing and pavement marking upgrades, and minor drainage improvements. The contract duration is 160 days for substantial completion, with an additional 30 days for punch list completion. Contractors must be FDOT prequalified in specific work classes including Drainage, Flexible Paving, Grading, Grassing/Seeding/Sodding, Pavement Marking, and Roadway Signing.
The project is funded through federal financial assistance from the Florida Department of Transportation (FDOT) under Grant Award Agreement No. G2M73. Contractors must submit proof of FDOT prequalification in the required work classes with their bid. The bond serves to guarantee the principal's performance of the contract, ensuring prompt payments to claimants, covering potential losses and damages, and providing a performance guarantee for work and materials furnished under the contract.
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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 ________________, 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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