HomeMy WebLinkAboutSpecialty Contracting & Construction Performance Bond -1997 05 22
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~ MAINTE~ANCE BUILDING EXPANSION/CENTRAL WINDS PARK
City of Winter Springs
SAI Project No. 9612
,
00309
PERFORMANCE BOND FORM
PERFORMANCE BOND FORM
B:n:l #[vE2018
THIS INSTRUMENT WITNESSETH: That we (I) Sl:B::ialty 0:ntJ:c:ct:ing & 0:nstn.J:tim. In::.
(2) QJrp:n:atim organized under the laws of the State of FJadda
O:ntrccLaU:i B::niing ani
and regularly authorized to be business in the state of Florida as Principal, we (3) IrEuran:::E CJ::n:p:lr1f
a
a
(2) 9Jrety organized under the laws of the State of W:Elringtrn
and regularly authorized to do business In the State of Florida as Surety, as held and firmly bound unto
City of Winter' Sprinq:;, Flodda , hereinafter referred to, in the penal sum of (4) *
Dollars ($ 96,500.00 ) lawful money of the United States, well and truly to be paid unto the said Owner,
of the payment of which we bind ourselves, our heirs, executors, administrators, successors and assignees, jointly and
severally, firm Iy by these presents.
*n.irety six tln..Earrl, five h.Irl:ID:rl
eigrty & 00/100 d::illars
WHEREAS, The said Principal her entered into a written contract with the Owner dated /lJ 11 r 2 2..-. I 7 7"7
, M:rint::m:ln::E B Ii kling &fErEim .., ,~
for the work deSignated as CEnt:rr=Jl wirrlc:: PArk located In Wmter Springs confonl1lng with Contract
Documents hereby referred to and made a part hereof, the same to all, intents and purposes as if written at length herein,
in which Contract the said Principal has contracted to perform the work specified in said Contract in accordance with
term tern1S thereof:
NOW, THEREFORE, the condition of this obligation is such that if the Principal shall faithfully perform the Contract
on his (its) part, and satisfy and covenants, terms, conditions and agreements incurred by the Principal in the
performance of said Contract, during the original term thereof, and any extensions thereofwhich may be granted by the
,Owner, with or without notice to the Surety, and shall satisfy all claims and demands arising thereunder, and shall fully
indemnify and save harmless the Owner from all cost and damage which the Owner might suffer by reason of the failure
of the Principal to do so, and shall fully reimburse and repay to the Owner all costs, damages, and expenses which the
Owner may incur in making good any default by the Principal, including any default based upon failure of the Principal,
to fulfill his obligation to furnish maintenance, repairs, or replacements for any period of time after the work is
comple:ed, if provided for in said Contract, then this obligation shall be null and void, otherwise it shall remain in full
force and effect.
IN ADDITION, the Principal and Surety, jointly and severally, expressly guarantee that all materials furnished and
workmanship performed under the Contract and in the construction of the work shall fulfill all requirements of the
Contract and the Contract Documents with respect to them, This bond shall remain in effect for a period of one year
from the date of final acceptance,
IT IS HEREBY STIPULATED AND AGREED that any suit based upon any default of the Principal in fulfilling his
obligations to furnish maintenance, repairs, or replacements for any period or time after the Work is completed, if
"
00309
PERFORMANCE BOND FORM
MAINTENANCE BUILDING EXPANSION/CENTRAL WINDS PARK
City of Winter Springs
SA! Project No, 9612
provided for in the Contract, may be brought at any time up to six months after the expiration of the time specified in
the Contract during which the Contractor has agreed to furnish such maintenance or make such repairs or replacements,
THE SAfD 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 the Work to be performed thereunder or the Contract Documents
accompanying the same shall in any way affect its obligations on this Bond, and it does hereby waive notice of any such
change, extension of time. alteration or addition to the terms of the Contract or to the Contract Documents,
PROVfDED, FURTI-IER, that no fmal settlement betvveen the Owner and the Contractor shall abridge the right of any
beneficiary hereunder, whose claim may be unsatisfied.
-o~ ~~-'Z
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~ia]ty O:ntra::t:ing & 0:rEtru:::tim, In::.
BJ ltJl ~I\I{- ~'
(I) Contractor
(2) Sole Proprietor, Partnership, or Corporation
(3) Surety
(4) 110 percent of the Contract
na .._ . ....-080 1MT 1IIE I'ItOVI8DNS AND
~ CIf ... 2IU5 .. SIC1ION n3ARDRlDA
STATU1D. WllCHEVElII M'PUCABLE. ME .-oRATED
tDEIIlY IOOEJG.
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GlErll1 H. Rn:aill - ~.in Fed: & Flar:ida
R2sidmt JI.g:nt
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