Public_Construction_Bond_(26).doc
DOC document 34 KB Posted
- Solicitation number
- 26-25
- Issued by
- Pinellas County, Clewiston City, Florida
About this file
This is a Public Construction Bond document issued by the Board of County Commissioners for Walton County, Florida, establishing bonding requirements for a construction contract. The bond secures performance of a construction contract dated in 2026 between a principal contractor and Walton County for an unspecified construction project. The bond obligates the principal to perform all work according to contract specifications and timelines, make prompt payments to all laborers, material suppliers, and subcontractors, pay all losses and damages sustained by the County due to contractor default, and guarantee all work and materials for the time period specified in the contract. The bond amount is left blank in this template document, as are specific contract dates and project descriptions. The contract term extends through 2026, with all conditions subject to notice and time limitations outlined in Section 255.05(2) of the Florida Statutes. Venue for any litigation arising from the bond is established as Walton County, Florida.
This document serves as a standard template for performance bonding requirements in Walton County construction projects. The surety corporation executing this bond assumes joint and several liability with the principal contractor for all contract obligations, including labor payments, materials costs, and indemnification of the County for breach or default. The bond requires formal execution by authorized representatives of both the principal contractor and the surety, with attestation and seals required. No modifications to contract documents or changes in contract terms affect the surety's obligation under this bond. This bonding mechanism protects the County from financial losses resulting from contractor non-performance or failure to pay subcontractors and suppliers during the construction project execution.
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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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