HomeMy WebLinkAboutRanger Construction Industries, Inc. Labor and Materials Bond -2005 04 21
SECTION 00620
LABOR AND MATERIALS PAYMENT BOND FORM
Ranger Construction
THIS INSTRUMENT WITNESSETH: That we (1) Industries, Inc. a (2) Corporation organized
under the laws of the State of Florida a.nd re ularl~ ~uthorized to do business in the State of (3)
Florida as Principal, and we (4) nited Fi el(tyand a (2) Corporation organized
under the laws of the State of Maryland and regularly authorized to do business in the State of (3) Florida
as Surety, are held and firmly bound unto (5) City of Winter s~n~s hereinafter called the Owner in accordance with
. . (6 I 0 unared One Thousand Two D II ($ 201 228 (0) I wf
a Contract hereinafter referred to. tn the penal sum of ) Hun"r,," Tw"nty_Fight <In" 00/100 0 ars " a ul
money of the United States, well and truly to be paid unto the said Owner, for the payment of which we bind
ourselves, our heirs, executors, administrators, successors and assignees. jointly and severally, firmly by these
presents. WHEREAS, ~ ~ftid rParinc~al has entered into a written contract with the Owner dated
for work designated as vari~~ s~~cros #ITB-005-05/AH located in Winter Springs, FL conformity 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 the terms thereof;
NOW, THEREFORE, the condition of this obligation is such that if the Principal shall faithfully satisfy all claims
and demands incurred by the Principal of said Contract, and shall pay all obligations 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, and shall promptly make
payment of prevailing wages to all persons supplying labor, equipment or materials for use in the prosecution of
the work, whether by subcontractor or otherwise, and including all insurance premiums on said work as provided
for in such 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 the Owner will be held
harmless from any liens, claims, demands or obligations in conjunction with materials or services provided with
respect to this Contract. This bond shall remain in effect for a periOd of one year from the date of final
acceptance. The Owner may sue on this Bond, and any person furnishing material or performing labor, either as
an individual or as a Subcontractor, shall have the right to sue on this Bond in the name of the Owner for his use
and benefIt. 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 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 tetms of the Contract or to the Work or
to the Contract Documents.
PROVIDED, FURTHER, that no final settlement between the Owner and the Contractor shall abridge the right of
any beneficiary hereunder, whose claim may be unsatisfied.
(1) Contractor
(2) Sole Proprietor, Partnership or Corporation
(3) State in which project is located
(4) Surety
(5) Owner
(6) 110 percent of the Contract Amount
Contractor: Ranger Construction Industries, Inc., 1200 Elboc Way, Winter Garden, FL 34787407/656-9255
Owner: City of Winter Springs, 110 N. Flamingo Ave., Winter Springs, FL 32708 407/327-2669
Surety: United States Fidelity and Guaranty Company, 5801 Smith Ave., Baltimore, MD 21203 800/242-8734
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IN WITNESS WHEREOF. this instrument is executed in several counterparts. each one of which shall be deemed
an original. this the 21st day of April. 20Q9
Ranger Construction Industries. Inc.
(SEAL) (1)
By:;;r~~
Title: v-: /'"
and Florida Resident Agent
(1) Contractor
(2) Surety
END OF SECTION
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