Public_Construction_Bond_(26).doc
DOC document 34 KB Posted
- Solicitation number
- 26-23
- Issued by
- Bay County, Florida
About this file
This is a Public Construction Bond document issued by the Board of County Commissioners for Walton County, Florida, establishing the bonding requirements for a construction contract. The bond secures the principal's performance of a construction contract dated in 2026 and ensures prompt payment to all claimants supplying labor, materials, or supplies for the project. The bond obligates the principal to perform the contract work at the times and in the manner prescribed, guarantee all work and materials for the specified period, and pay the county all losses, damages, expenses, costs, and attorney's fees resulting from any default. The surety corporation named in the bond is jointly and severally liable with the principal for the bond amount, and any claims against the bond must be made in accordance with notice and time limitations specified in Florida Statutes Section 255.05(2). Venue for any litigation is established as Walton County, Florida, and changes to the contract documents do not affect the surety's obligation under the bond.
The document does not specify a bond amount, as the form contains blank spaces for the principal, surety, contract date, and bond amount to be completed at execution. The bond must be signed and sealed by both the principal and surety representatives on the designated date in 2026, with proper attestation required for each party. This bond serves as a standard requirement to protect Walton County from financial loss due to contractor default or failure to pay subcontractors and material suppliers during the performance of the public construction project.
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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 ________________, 2026, 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 __________________, 2026.
ATTEST: PRINCIPAL
By:__________________________
By: ____________________ (SEAL)
[PRINT NAME & TITLE]
ATTEST: SURETY
By:__________________________
By: _________________________
[PRINT NAME & TITLE]
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