Public_Construction_Bond.doc
DOC document 30 KB Posted
- Solicitation number
- 26-06
- Issued by
- Walton County, Florida
About this file
This is a Public Construction Bond document issued by the Board of County Commissioners for Walton County, Florida. The bond serves as a financial guarantee for construction contracts awarded by the county. The principal contractor and surety corporation jointly bind themselves to the county for the contract amount specified in the bond. The bond requires the principal to perform all work according to the contract terms and timeline, make prompt payments to all laborers, material suppliers, and other claimants as defined under Florida Statutes Section 255.05(1), and pay the county for any losses, damages, expenses, costs, and attorney's fees resulting from contract default. The principal must also guarantee all work and materials for the time period specified in the contract. Claims against the bond must comply with notice and time limitations established in Florida Statutes Section 255.05(2), and venue for any litigation is established as Walton County, Florida.
The bond remains in full force unless all conditions are satisfied, at which point it becomes void. Changes to or compliance issues with contract documents do not relieve the surety of its obligations under the bond. The document requires execution by authorized representatives of both the principal and surety, with signature and seal requirements for proper validation. The bond amount and specific contract date are to be completed at execution, making this a template document for use across multiple county construction projects.
View the file
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| Contract_No._26-06.pdf | ||
| Corporate_Power_of_Attorney.docx | DOCX document | |
| Consent_of_Surety.docx | DOCX document | |
| Public_Construction_Bond.doc | DOC document | |
| FDOT_Specifications_Section_911.pdf | ||
| FDOT_Specifications_Section_204.pdf | ||
| Public_Construction_Bond_(25).doc | DOC document | |
| CONSTRUCTION_CONTRACT.doc | DOC document |
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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 ________________, 20___, 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 __________________, 20___.
ATTEST: PRINCIPAL
By:__________________________
By: ____________________ (SEAL)
[PRINT NAME & TITLE]
ATTEST: SURETY
By:__________________________
By: _________________________
[PRINT NAME & TITLE]
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