Public_Construction_Bond.doc
DOC document 33 KB Posted
- Attached to
- Re BID CR 183 S CROSS DRAIN REPLACEMENT (Spears Branch) State and local contract opportunity
- Solicitation number
- 24-46 A
- Issued by
- Walton County, Florida
About this file
This is a Public Construction Bond document issued by the Board of County Commissioners of Walton County, Florida, relating to a contract for the replacement of a cross-drain on County Road 183 South at Spears Branch. The project has a contract duration of 120 days for substantial completion, with an additional 30 days allocated for punch list completion. The bond serves as a legal instrument guaranteeing the principal's performance, ensuring prompt payments to claimants, covering potential county losses, and providing a performance guarantee for work and materials.
The bond is structured to protect Walton County's interests by requiring the principal to fully execute the contract, make timely payments to labor and material suppliers, and maintain performance standards. The document specifies that any claims against the bond must adhere to Section 255.05(2) of Florida Statutes, with venue for potential litigation set in Walton County. The bond amount is to be specified at the time of execution, and it remains in full force unless all contractual obligations are met, providing financial security for the county's infrastructure improvement project.
View the file
Other files for this state and local contract opportunity
| File | Type | Posted |
|---|---|---|
| Re_BID_CR_183_S_CROSS_DRAIN_REPLACEMENT_(Spears_Branch)_(Addendum_#1_Revision).pdf | ||
| Construction_Plans.pdf | ||
| Contract_No._24-46.pdf | ||
| CR_183_S_Bridge_Hydraulics_Report.pdf | ||
| OPC.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 ________________, 2024, 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 __________________, 2024.
ATTEST: PRINCIPAL
By:__________________________
By: ____________________ (SEAL)
[PRINT NAME & TITLE]
ATTEST: SURETY
By:__________________________
By: _________________________
[PRINT NAME & TITLE]
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