HomeMy WebLinkAboutPrime Construction Group Performance Bond Form Hayes Road Bridge -1996 09 0711/05/96 17:17 a 407 856 8182 PRIME LONS GROUP P, 05
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PERFORMANCE BOND FORM BOND46 B2710083
THIS INSTRUMENT WITNE55ETH: That we (1)~~ CONSTRIJCITON GROUP,~C'a (Z) CORPORATION
otgan'¢ed under the haws of the State of FT~ORIDA and regularly authorized to do business in the State of Florida
as Principal, and we (3] REC,IANCE INSURANCE COMPANY a (2) organized under
the laws of the. Slate. of DELA~IABi~_and regularly authorized to do business in the State of Florida as Surety, are
held and fimrly bound unto _ hereinafter called the Ovmer in acxordance with a Contrail hereinafter
referred Eo, in the parrot sum of (4)'~II ~ EIGHTY-T~II ~~ Dollars (S 383,680'00 )lawful
money of the United States, well acrd truly to be paid unto the said Owner, for the payment of which we bind ourselves.
our heirs, executors, administrators, successors and assignees, ointly and severally, firmly by these pr¢Sents;
*WINfEIt SPRINGS ~* SIX HUNDRID EIGHTY AND NO/100
tfVHF.REAS, tlticsaid principal has entered into a written contract with the Owner dated for
the work designated as HAYES ROAD BRIDGE ~ located in ~~ SPRINGS, ~ in conformity with Contract
Documerrls hereby referred to and made a part hereof, the same to al{ Intents and purposes as if written at length
hereaL in which Contrail the said Princpal has cvntractest tv perform the work speclflect in said Contract in accordance
with the terms thereof;
*REPIACII~TT
NOW, THEREFORE, the condtiien of this obligation is such that if the Principal shall fatthtully perform the Contrail on
tti, ~~) ~, and aa6sy all covenants, germs, conditions anti agreements incurced hy/ the Principal in the performance
of said Conbad, during the original term thereof, and any extensions thereof which may be granted by the Owner, wiftl
or without notice to the Surety, end shall satisfy all claims and demands arising thereunder, and shalt fully indemnify
and sage harmless the Owner from ail cost and damage which the Owner might softer by reason of the failuro of the
t0 do so, and stroll fully reimburse and repay b the Owner all costs, damages, and expenses which the Owner
may incur in malting good arty dtfauR by the Prindpal, including arty default based upon failune of the Principal. to fulfill
his obligation to fum'rsh maintenance, repairs, or replacements for any period of time after the work is completed, if
provided for in said Contrail, then this obligation shall be null and void, otherwise ft shall remain in full broo and efteat_
W ADOtTION, the Principal and Surety, jointly and severally, expressly guarantee that ail materials famished and
workmanship performed under the Contract and in the construction of the work shall fulfill all regrirrements of the
Contrail and the Contrail Documents with respect to them. This bond shall remain in effect br a period of one year
(LIBRARY NOTE lF A CRY OF SANFORD J08, THEY REQUIRE 1'WO YEARS, ANO SHOULD SO REVISED) from
the date of final acceptance.
R tS HEREBY STIPULATED AND AGREED that any suit based upon any default of the Principal in fulfilling hfs
obligations to famish maintenance, repairs, or replacements for any period of time attar the Work is completed, if
provided for in the Contrail, may be brought at any time up tv silt months after the expiration of the time specified in the
Contrail during which the Contractor has agreed to famish such maintenance or make such repairs or replacemends.
THE SAID SURETY, for value received, hereby stipulates and agrees that no change, extension of time, alteration or
addition to the temrs of the Contract or to the Work to be performed thereunder or the Contrail Documents
acwmparryirtg the same shall in arty way affect its obligations on this Band, and it does hereby waive notice of any such
change. extension of time, alteration or addition to the terms of rho Contract or to the Work or to the Contract
Dowmvrrta.
PROVIDED, FURTHER, that no final settlement between the Owner and the Contrector shall abridge the right of any
benefidary hereunder, whose claim may be unsatisfied.
(1) Contractor
(2) Sole Proprietor, Partnership, or Corporation
(3) Surety
(4) 1 i 0 percent of the Contras
00610-1
11~05i96 17:17 E 407 856 8182
/1
NV VNTNESS WHEREGF, this in n
original, this the 7 t h_ of
(S~J (t) PRIME CONSTRUCT
Br
Title: Presi en
PRIME CONS GROUP
P.06
executed in several courlterparis, each arle of which shall be deemed an
tPmhAr ,19 96 .
Roy W. Smith, Jr.
(SEAL) (~) RELIANCE INSURANCE C01`1PANY
ey: ~ c
H. CH, -IN-FACT
rjtlg;FLARIDA RESIDENT AGENT
(Attorney in Fac17
(1) Contractor
(Z) Surely
END OF SECTION
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