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 required by the Board of County Commissioners of Walton County, Florida for construction contracts. The bond serves as a performance and payment guarantee between the principal contractor, the surety company, and Walton County. The bond obligates the principal to perform the construction work according to contract specifications and timelines, make prompt payments to all suppliers and laborers providing materials and services, pay the county for any losses or damages resulting from contract default, and guarantee all work and materials for the period specified in the contract. The bond amount, contract date, and specific construction project details are to be filled in by the parties at execution. Claims against the bond must be made in accordance with notice and time limitations specified in Florida Statutes Section 255.05(2), and any litigation arising from the bond shall be heard in Walton County, Florida.
The document does not contain pricing information, set-asides, incumbent contractor details, or specific funding requirements, as these elements are referenced in the underlying construction contract rather than in the bond itself. The bond is executed by authorized representatives of both the principal contractor and surety company, with signatures and seals required from both parties. This bond document is a standard contractual instrument used to protect the county from contractor default and ensure payment of all subcontractors, suppliers, and laborers involved in the 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 ________________, 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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