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Okaloosa County BOCC — September 3, 2013 — RFQ-CRESTVIEW COURTHOUSE Renovate (11-05-13) — reading text
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ourselves, our heirs,
executors, administrators, successors, and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal entered into a certain
contract with the OWNER, dated the __________ day of _______________, 20 _____, a copy of
which is hereto attached and made a part hereof for
_____________________________________________________________.
NOW, THEREFORE, if the Principal shall well, truly, and faithfully perform its duties, all the
undertakings, covenants, terms, conditions, and agreements of said contract during the original
term thereof, and any extensions thereof which may be granted by the OWNER, with or without
notice to the SURETY and during the one year guaranty period and if the PRINICIPAL shall satisfy
all claims and demands incurred under such contract, and shall fully indemnify and save
harmless the OWNER from all costs and damages which it may suffer by reason of failure to do
so, and shall reimburse and repay the OWNER all outlay and expenses which the OWNER may
incur in making good any default, then this obligation shall be void, otherwise to remain in full
force and effect.
Last Revised – 10/17/2011 Page 28
PERFORMANCE BOND
PROVIDED, FURTHER, that the said SURETY, for value received hereby stipulates and agrees that
no change, extension of time, alteration or addition to the terms of the contract or to WORK to
be performed thereunder or the SPECIFICATIONS accompanying same shall in any way affect its
obligation on this BOND, and does hereby waive notice of any change, extension of time,
alteration or addition to the terms of the contract or to the WORK or to the SPECIFICATIONS.
PROVIDED, FURTHER, that it is expressly agreed that the BOND shall be amended automatically
and immediately, without formal and separate amendments hereto, upon amendment to the
Contract not increasing the contract price more than twenty percent, so as to bind the
PRINCIPAL and the SURETY to the full and faithful performance of the CONTRACT as so
amended. The term “Amendment”, wherever used in this BOND, and whether referring to this
BOND, or the CONTRACT DOCUMENTS, shall include any alteration, addition, extension or
modification of any character whatsoever.
PROVIDED, FURTHER, that no final settlement between the OWNER and the PRINCIPAL shall
abridge the right of the other beneficiary hereunder, whose claim may be unsatisfied. The
OWNER is the only beneficiary hereunder.
Last Revised – 10/17/2011 Page 29
PERFORMANCE BOND
IN WITNESS WHEREOF, this instrument is executed in 3 counterparts, each one of which shall be
deemed an original, this the _________ day of _____________, 20 ___.
ATTEST
______________________________ ______________________________
(PRINCIPAL) SECRETARY PRINCIPAL
(SEAL)
BY: _________________________(S)
______________________________
______________________________
ADDRESS
______________________________
WITNESS AS TO PRINCIPAL
______________________________
______________________________ ______________________________
ADDRESS SURETY
ATTEST
______________________________ BY: ___________________________
WITNESS TO SURETY ATTORNEY-IN-FACT
______________________________ ______________________________
______________________________ ______________________________
ADDRESS ADDRESS
Note: Date of BOND must not be prior to date of Contract. This bond is given to comply with
section 255.05 Florida Statutes, and any action instituted by a claimant under this bond
for payment must be in accordance with the notice and time limitation provisions in
Section 255.05(2), Florida Statutes.
If CONTRACTOR is partnership, all partners should execute BOND.
IMPORTANT: Surety companies executing BONDS must appear on the Treasury Department’s most current list (Circular
570 as amended) and be authorized to transact business in the state where the project is located.
Last Revised – 10/17/2011 Page 30
PAYMENT BOND
KNOW ALL PERSONS BY THESE PRESENTS: that
(Name of Contractor)
(Address of Contractor)
a , hereinafter called Principal and
(Corporation, Partnership or Individual)
(Name of Surety)
(Address of Surety)
hereinafter called Surety, are held and firmly bound unto
(Name of Owner)
(Address of Owner)
hereinafter called OWNER, and unto all persons, firms, and corporations who or which may
furnish labor, or who furnish materials to perform as described under the contract and to their
successors and assigns in the total aggregate penal sum of ____________
______________________________ Dollars ($______________________________) in lawful money of the
United States, for the payment of which sum well and truly to be made, we bind ourselves, our
heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these
presents.
THE CONDITION OF THIS OBLIGATION is such that whereas, the PRINCIPAL entered into a certain
contract with the OWNER, dated the __________ day of _______________, 20 _____, a copy of
which is hereto attached and made a part hereof for
_____________________________________________________________
__________________________________________________________________.
NOW, THEREFORE, if the PRINCIPAL shall properly make payment to all persons, firms, and
corporations furnishing materials for or performing labor in the prosecution of the WORK
provided for in such contract and any authorized extensions or modification thereof, including
all amounts due for materials, lubricants, oil, gasoline, coal and coke, repairs on machinery,
equipment and tools, consumed or used in connection with the construction of such WORK, and
for all labor cost incurred in such WORK, including that by a SUBCONTRACTOR, and to any
mechanic or material man lien holder, whether it acquires its lien by operation of State or
Federal law, then this obligation shall be void, otherwise to remain in full force and effect.
Last Revised – 10/17/2011 Page 31
PAYMENT BOND
PROVIDED, that beneficiaries or claimants hereunder shall be limited to the SUBCONTRACTORS,
and persons, firms and corporations having a direct contract with the PRINCIPAL or its
SUBCONTRACTORS.
PROVIDED, FURTHER, that the said SURETY, for value received hereby stipulates and agrees that
no change, extension of time, alteration or addition to the terms of the contract or to WORK to
be performed thereunder or the SPECIFICATIONS accompanying same shall in any way affect its
obligation on this BOND, and does hereby waive notice of any change, extension of time,
alteration or addition to the terms of the contract or to the WORK or to the SPECIFICATIONS.
PROVIDED, FURTHER, that no suit or action shall be commenced hereunder by any claimant: (a)
unless claimant, other than one having a direct contract with the PRINCIPAL, shall have given
written notice to any two of the following: The PRINCIPAL, the OWNER, or the SURETY above
named within ninety (90) days after such claimant did or performed the last of the work or labor,
or furnished the last of the materials for which said claim is made, stating with substantial
accuracy the amount claimed and the name of the party to whom the materials were
furnished, or for whom the work or labor was done or performed. Such notice shall be served by
mailing the same by registered mail or certified mail, postage prepaid, in an envelope
addressed to the PRINCIPAL, OWNER or SURETY, at any place where an office is regularly
maintained for the transaction of business, or served in any manner in which legal process may
be served in the state in which the aforesaid project is located, save that such service need not
be made by a public officer; (b) after expiration of one (1) year following the date of which
PRINCIPAL ceased work on said CONTRACT, is being understood, however, that if any limitation
embodied in the BOND is prohibited by any law controlling the construction hereof, such
limitation shall be deemed to be amended so as to be equal to the minimum period of limitation
permitted by such law.
PROVIDED, FURTHER, that it is expressly agreed that the BOND shall be deemed amended
automatically and immediately, without formal and separate amendments hereto, upon
amendment to the Contract not increasing the contract price more than twenty percent, so as
to bind the PRINCIPAL and the SURETY to the full and faithful performance of the CONTRACT as
so amended. The term “Amendment”, wherever used in this BOND, and whether referring to this
BOND, or the CONTRACT DOCUMENTS, shall include any alteration, addition, extension or
modification of any character whatsoever.
PROVIDED, FURTHER, that no final settlement between the OWNER and the PRINCIPAL shall
abridge the right of the other beneficiary hereunder, whose claim may be unsatisfied.
Last Revised – 10/17/2011 Page 32
PAYMENT BOND
IN WITNESS WHEREOF, this instrument is executed in 3 counterparts, each one of which shall be
deemed an original, this the _________ day of _____________, 20 ___.
ATTEST
______________________________ ______________________________
(PRINCIPAL) SECRETARY PRINCIPAL
(SEAL)
BY: _________________________(S)
______________________________
______________________________
ADDRESS
______________________________
WITNESS AS TO PRINCIPAL
______________________________
______________________________ ______________________________
ADDRESS SURETY
ATTEST
______________________________ BY: ___________________________
WITNESS TO SURETY ATTORNEY-IN-FACT
______________________________ ______________________________
______________________________ ______________________________
ADDRESS ADDRESS
Note: Date of BOND must not be prior to date of Contract. This bond is given to comply with
section 255.05 Florida Statutes, and any action instituted by a claimant under this bond
for payment must be in accordance with the notice and time limitation provisions in
Section 255.05(2), Florida Statutes.
If CONTRACTOR is partnership,
