Public_Construction_Bond_(25).doc
DOC document 29 KB Posted
- Solicitation number
- 25-23
- Issued by
- Walton County, Florida
About this file
This document is a Public Construction Bond for Walton County, Florida, related to the CR 395 North Road Reconstruction Multi-Use Path Project. The project involves road reconstruction, resurfacing, and adding a paved multi-use path on CR 395 North in Santa Rosa Beach, Florida. The contract duration is set at 365 days for substantial completion, with an additional 30 days allocated for punch list completion. The bond serves as a legal instrument to ensure the principal's performance, payment to claimants, and guarantee of work and materials as specified in the contract.
The bond covers the financial and performance obligations of the principal, providing protection for Walton County against potential defaults. It stipulates that the principal must make prompt payments to all claimants supplying labor, materials, or supplies used in the project. The bond amount is to be specified at the time of execution, and any claims must be made in accordance with Section 255.05(2) of Florida Statutes. Venue for any litigation related to this bond is set in Walton County, Florida, and the bond remains in full force unless all specified conditions are met.
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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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File details come from the government source that posted it. Updated .