SECTION_00_43_13_Proposal_Guaranty.docx

SECTION 00 43 13 - PROPOSAL GUARANTY

KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned ______________________ __________________________________________, as Principal, and __________________________ _______________________________________, as Surety, are held and firmly bound unto the Greater Orlando Aviation Authority (herein "Owner"), in the penal sum of _______________________________ _______________________________________ DOLLARS ($________________________________) for the payment of which, well and truly to be made we hereby jointly and severally bind ourselves, our successors and assigns.

SIGNED THIS _______ DAY OF ______________________, _________.

The condition of the above obligation is such that whereas the Principal has submitted to the Owner a certain Proposal, attached hereto and made a part hereof, to enter into a contract in writing for BP-00502, South Park Overflow Parking Improvements (D/B), Orlando International Airport.

NOW, THEREFORE, if said Proposal shall be rejected; or if the Guarantee Period, as defined in the Solicitation, expires from the time and date fixed for opening of Proposals before Notice of Award is given to Principal; or if Notice of Award is given to the Principal, the Principal shall, within ten (10) days of the date of the Notice of Award; execute and deliver a contract in the form of Contract Agreement contained in the Contract Documents, properly completed in accordance with the Solicitation; and shall furnish a Performance Bond for its faithful performance of the Contract, and a Payment Bond for the payment of all persons performing labor or furnishing materials or supplies in connection therewith, in the forms contained in the Contract Documents; and shall provide satisfactory evidence of all required insurance coverage; and shall provide evidence satisfactory to the Owner of the authority of the person or persons executing the Contract and all other documents on its behalf; and shall provide the statements, certifications and data relating to Business Opportunity and Exchange Programs identified in the Solicitation; and shall in all other respects perform its obligations pursuant to the terms of the Proposal;

then this obligation shall be void, otherwise the same shall be forfeited to the Owner, not as a penalty, but in liquidation of and compensation for damages; it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the Penal Sum of this obligation as herein stated.

The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its Bond shall be in no way impaired or affected by any extension of the time within which the Owner may provide Notice of Award or within which the Principal or the Owner may execute, deliver, furnish, provide or perform its obligations and the Surety does hereby waive notice of any such extensions, provided, however, the Guarantee Period may be extended when the written consent of the Surety is obtained.

IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals and such of them as are corporations have caused their corporate seals to be hereto affixed and these presents to be signed by their proper officers, on the day and year first set forth above.

Signed, sealed and delivered in the presence of: Principal

By:

Name and Title

(SEAL)

Surety

By:

Name and Title

(SEAL) Agency

Address

(Countersignature by a Florida Licensed Agent)

Name and Title

Agency

Address

NOTE: If Principal or Surety are corporations, the respective corporate seals should be affixed. Additionally, a certified copy of a Power‑of‑Attorney appointing the individual Attorney‑in‑Fact for the Surety, as well as the Power-of-Attorney appointing the Florida licensed agent, should be attached.