Public_Construction_Bond.pdf
PDF 96 KB Posted
- Attached to
- Grayton Beach Community Center
- Solicitation number
- ITB 24-35
- Issued by
- Walton County, Florida
About this file
This is a Public Construction Bond form issued by the Board of County Commissioners of Walton County, Florida, for the Grayton Beach Community Center project. The bond secures performance of a construction contract involving the development of a 1,500-square-foot restroom facility with a 1,400-square-foot observation deck, roadway improvements to Hotz Avenue, enhancements to the beach vehicle entrance at DeFuniak Street, and construction of a 6-foot-wide beach access timber/composite decking boardwalk in Grayton Beach, Florida. The contract duration is 300 days for substantial completion, with an additional 30 days allocated for punch list completion. The bond requires the Principal (contractor) and Surety (bonding company) to jointly and severally guarantee performance and payment obligations. A non-mandatory pre-bid conference was scheduled for September 19, 2024, at 2:00 pm, with bid responses due by October 14, 2024, at 3:00 pm.
The bond amount is to be specified and serves to guarantee that the contractor will perform all work and materials according to contract specifications, promptly pay all labor, material, and supply claimants as defined under Florida Statutes Section 255.05(1), and indemnify Walton County for any losses, damages, expenses, costs, and attorney's fees resulting from contractor default. The contract includes liquidated damages provisions of $6,204 per calendar day for delays in achieving substantial completion and $3,102 per calendar day for delays in punch list completion. The contractor must be a licensed General Contractor compliant with Walton County Ordinance 2009-01 and must obtain a Walton County Building Permit. Venue for any litigation is established in Walton County, Florida, and claims against the bond must comply with notice and time limitations specified in Florida Statutes Section 255.05(2). Any changes to contract documents do not affect the surety's bond obligations.
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Text version
PUBLIC CONSTRUCTION BOND
BOARD OF COUNTY COMMISSIONERS,
WALTON COUNTY, FLORIDA
GRAYTON BEACH COMMUNITY CENTER
BY THIS BOND, We _________________________________________________, as Principal and ___________________________________________, a corporation, as Surety, whose address is , , Florida , are bound to
Walton County, Florida, a political subdivision of the State of Florida, hereinafter referred to as
"COUNTY", in the sum of ______________________________ DOLLARS
($________________), 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 a 1,500-SF restroom facility with 1400-SF observation deck, located in Grayton Beach, Florida. Project also includes roadway improvements to Hotz Ave adjacent to the subject property, and improvements to the beach vehicle entrance at the end of
DeFuniak Street. Project includes the construction of a 6-ft wide beach access timber/composite decking boardwalk, 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]
File details come from the government source that posted it. Updated .