Public_Construction_Bond_(25).doc

29 KB Posted

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 ·

The document is a Public Construction Bond for Walton County, Florida, associated with a state and local contract opportunity for intersection improvements at SR 20 and CR 83A West (West Bay Loop). The project involves constructing intersection improvements including turn lane extensions, multi-use path realignment, concrete traffic separator, resurfacing, drainage, signing, pavement markings, and traffic signalization. The contract duration is specified as one hundred fifty (150) days for substantial completion, with an additional thirty (30) days allocated for punch list completion. The County will supply pre-procured signal components for contractor installation, and the work is subject to Florida Department of Transportation (FDOT) permit conditions.

The bond serves as a financial guarantee for the project, ensuring the principal performs the contract, makes payments to claimants, covers potential losses and damages, and provides work and material guarantees. While specific pricing details are not explicitly stated in the bond document, the associated contract opportunity suggests the project will be funded through standard governmental procurement processes. The bond follows Florida Statutes Section 255.05, providing legal protections for the county and establishing clear parameters for contractor performance, payment obligations, and potential dispute resolution. Venue for any potential litigation is specified as Walton County, Florida, with the bond executed in 2025.

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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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File details come from the government source that posted it. Updated .