HomeMy WebLinkAboutPrime Construction Group Labor and Materials Payment Bond Form Hayes Road Bridge -1996 11 0711i05i96 17:18 $ 407 856 8182. PRIME CONS GROUP P.07
SECTION 00620
LABOR AND MATERIALS PAYMENT 130ND FORM BONI~~B2710083
GROUP, INC.
THIS INSTRUMENT WITNESSEtN: That we (1) PRIl~ CONSTRUCTION/a Cz) CORPORATION organized under
the laws of the State of FiARIDA and regul~arly~atTltThoN ell to do business in the State of (3) `~
as Principal, and we (4) ~~~ INSURANCE~'~ (2) !J urgan¢ed under the laws of the State of E
and regularly authorized to do business in the State of (3) FLARIDA as Suroy, are held and firmly bound unto (5) CITY OF
WINTFIt SPRINGS hereinafter called the Owner in accordance with a Contrail hereinafter referred to, in the penal sum
of (6)1~ ~~ ~'~°'` Dollars (S r_) lawful money of the United States, well and truly to tae 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, the said prindpai has entered into a written
contrail with the Owner dated for work designated es ~~ ~~ BRIDGE **'* located in _
_,,,,,_,~ conformity with Contract Documents hereby referred to and made a part hereof. the same th all intents
and purposes as if written at Length herein, in which Contrail the said Principal has conEracted to pertorm the work
specified in said Contract in accordance with the terms thereof; ~*REPLAC11~gNT
~(~pANy **EIGHT THOUSAND EIGHJ' HUNDRED AND NO/100 C$~-8,800.00)
NOW, THEREFORE, the cvnditlon of this obligation is such that if the Prinapal shall faithfully satisfy a!I daims and
demands incurred by the Prinapal of said Contrail, and shall pay ell obligations arising thereunder, and shall fully
indemnify and save harmless Bte Owner from all cost and damage which the Owner might suffer by reason of the falure
of the Principal t0 do so, and shall fully reimburse and repay to the Owner all costa, damages, and expenses which the
Owner may incur in mekarrg good arty detauR by the Principal, end shall promptly make payment of prevailing wages
fp aU persons supplying labor, equipment or materials for use in the prosecution of the work, whether by subcontractor
Or otherwise. and includng all insurance premiums on said work as provided fvr in such Contract. then this obligation
shall be null and void, otherwise it shall remain in full force and effect.
IN gpD1770N, the Princpal and Surety, jointly and severally, expressly guarantee that the Owner will be held harmless
from arty liens, daims, demands or obligations in conjunction with materials or services provided with respell to this
Contras. 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 famishing material or performing tabor, either as an individual or as a Subcontractor,
shat{ have the right to sue on this Bond in the name of the Owner for his use and benefrt. The said Surety. for value
received, hereby stipulates and agrees that no change, extension of time, alteraton or addition to the terms of the
Corlaad or m the Wotk to be performed thereunder or the Contract Documents accompanying the same shall in any
way afted ils ot>~gatlons on this Bond. and it does hereby waive notice of any such change, extension of same, alteration
or addition to the terms of the CorlVad or to the Work or to the Contrail Documents.
PROVIDED, FURTHER, that no final settlement between the Owner and Vie Contractor shall abridge the right of any
beneficiary hereunder, whose claim maybe unsatisfied_
(1) Contractor
CZ) Sole Proprietor, Partnership or Corporation
(3) State in which prajed is located
(4) Surety
(5) Owner
(67 100 percent of the Contract
d082Q-1
11~05~96 17:19 $ 407 856 8182
~ ~ ± ,
W W(i'NESS WHEREOF, ttus lnstrum
original, this they th„~ day of ~,p:
(S~) (~) PRIME CONSTRUCT
By:
Tie; Presi
PRIME CONS GROUP
P.08
executed in several counterparts, each one of which shall be deemed an
1,D,1~ 9~6
INC.
Roy W. Smith, Jr.
(S~) (~} RELIANCE INSURANCE COMPANY
gy:
B H. ~ CH, A ~ -IN-FACT
Title:
(Atlomey in Fad)
(i) Contractor
(2) Surety
fiND OF SEG71ON
1
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