Public_Construction_Bond_(25).doc
DOC document 29 KB Posted
- Solicitation number
- 26-14
- 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, establishing a performance and payment bond requirement for construction contract work. The bond secures the principal contractor's obligation to perform work in accordance with a specified construction contract dated in 2025, with the surety guaranteeing completion of all work and materials as prescribed in the contract documents. The bond requires the principal to make prompt payments to all claimants supplying labor, materials, or supplies directly or indirectly used in the construction work and to indemnify Walton County for any losses, damages, expenses, costs, and attorney's fees incurred due to the principal's default under the contract.
The bond amount is to be determined based on the specific construction project and is executed by both the principal contractor and the surety corporation, with execution and attestation required from authorized representatives of both parties. The bond is conditioned on the principal's performance of the guarantee of all work and materials for the time period specified in the contract documents. Claims against the bond must comply with notice and time limitations as outlined in Section 255.05(2) of the Florida Statutes, and any litigation arising from the bond shall be adjudicated in Walton County, Florida. Changes to the contract documents do not affect the surety's obligation under the bond, and the form remains in effect until all contracted work and guarantees are satisfactorily completed.
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| Contract_No._26-14.pdf | ||
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| SERVICE_AREAS_.pdf | ||
| SERVICE_AREAS_.pdf | ||
| CONSTRUCTION_CONTRACT.doc | DOC document | |
| CONSTRUCTION_CONTRACT.doc | DOC document | |
| Public_Construction_Bond_(25).doc | DOC document | |
| 25-0241_-_Pdf_(1).pdf | ||
| 25-0241_-_Pdf_(1).pdf |
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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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