Public_Construction_Bond.doc
DOC document 30 KB Posted
- Attached to
- Helen McCall Park Pour in Place
- Solicitation number
- 26-08
- Issued by
- Walton County, Florida
About this file
This is a Public Construction Bond document required by the Board of County Commissioners of Walton County, Florida for construction projects. The bond serves as a financial guarantee that binds the Principal (contractor) and Surety (bonding company) to the County in a specified dollar amount. The bond requires the Principal to perform the construction contract at the times and in the manner prescribed, make prompt payments to all claimants supplying labor, materials, or supplies, pay the County for any losses, damages, expenses, costs, and attorney's fees resulting from contract default, and guarantee all work and materials for the time specified in the contract. The document contains standard execution sections requiring signatures and seals from both the Principal and Surety, with fields for the contract date, bond amount, and execution date.
The bond references Section 255.05(1) and (2) of Florida Statutes regarding claimant definitions and notice and time limitations for claims against the bond. The document specifies that any changes to the Contract Documents do not affect the Surety's obligation under the bond, and establishes Walton County, Florida as the venue for any litigation resulting from the bond. This construction bond is a standard requirement for public works projects in Florida and ensures financial protection for the County and all parties supplying labor and materials to the project.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Helen_McCall_Park_Pour_in_Place_(Addendum_#2_Revision).pdf | ||
| Helen_McCall_Park_Pour_in_Place.pdf | ||
| Contract_No._26-08.pdf |
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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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