HomeMy WebLinkAboutChinchor Electric Payment Bond 2002 01 25* Bond #
* * * * • • OCN516294
*' ~ * PAYMENT BOND
* The American Institute of Architects, AIA Document No. A312
* * } * * (December, 1984 Edition). Any singular reference to Contractor, Surety,
Owner or other party shall be considered plural where applicable.
CONTRACTOR (Name and Address): SURETY (Name and Principal Place of Business):
Chinchor Electric Inc. Old Republic Surety Company
P.O. Box 4311 P.O. Box 4668
Enterprise, Fl 32725 Winter Springs, Fl. 32793
OWNER (Name and Address):
City Of Winter Springs
1126 East State Road 434
Winter Springs, Fl. 32708
CONSTRUCTION CONTRACT
Date:012102
Amount: 108,395.96
Description (Name and Location): Traffic Signalization at S.R. 434 & Vistawilla Blvd, Winter Springs, Fl.
BOND
Date (Not earlier than Construction Contract Date):O1/25/02
Amount: 108,395.96
Modifications to this Bond: ® None ^ See Page 2
CONTRACTOR AS PRINCIPAL SURETY
Company: (Corporate Seal) Company: (Corporate Seal)
Chinchor Electric Irc. Old Republic S ompany
~~
Signature: ~ ^r4'`r""e Signatur
Name and T' e: ~i Cliffor asurer Name and Title: PATRICIA V. HIELSCHER
as Attorney in Fact
fAnv additional sionatures appear on oaoe 2.) ,_,~
(FOR INFORMATION ONLY-Name, Address and Telephone) OWNER'S REPRESENTATIVE (Architect, Engineer or other
AGENT or BROKER: Blackadar Insurance Agency, Inc. party):
407-831-3832
1 The Contractor and the Surety, jointly and severally, bind them-
selves, their heirs, executors, administrators, successors and assigns
to the Owner to pay for labor, materials and equipment furnished for
use in the performance of the Construction Contract, which is incor-
porated herein by reference.
2 With respect to the Owner, this obligation shall be null and void if
the Contractor:
2.1 Promptly makes payment, directly or indirectly, for all sums due
Claimants, and
2.2 Defends, indemnifies and holds harmless the Owner from
claims, demands, liens or suits by any person or entity whose
claim, demand, lien or suit is for the payment for labor, materials
or equipment furnished for use in the performance of the Construc-
tion Contract, provided the Owner has promptly notified the Con-
tractor and the Surety (at the address described in Paragraph 12)
of any claims; demands, liens or suits and tendered defense of
such claims, demands, liens or suits to the Contractor and the
Surety, and provided there is no Owner Default.
3 With respect to Claimants, this obligation shall be null and void if
the Contractor promptly makes payment, directly or indirectly, for all
sums due.
4 The Surety shall have no obligation to Claimants under this Bond until:
4.1 Claimants who are employed by or have a direct contract with the
Contractor have given notice to the Surety (at the address described
in Paragraph 12) and sent a copy, or notice thereof, to the Owner,
stating that a claim is being made under this Bond and, with sub-
stantial accuracy, the amount of the claim.
4.2 Claimants who do not have a direct contract with the Contractor:
.1 Have furnished written notice to the Contractor and sent a copy,
or notice thereof, to the Owner, within 90 days after having last
performed labor or last furnished materials or equipment included
in the claim stating, with substantial accuracy, the amount of the
claim and the name of the party to whom the materials were fur-
nished or supplied or for whom the labor was done or performed;
and
.2 Have either received a rejection in whole or in part from the Con-
tractor, or not received within 30 days of furnishing the above notice
any communication from the Contractor by which the Contractor
has indicated the claim will be paid directly or indirectly; and
.3 Not having been paid within the above 30 days, have sent a
written notice to the Surety (at the address described in Paragraph
12) and sent a copy, or notice thereof, to the Owner, stating that
a claim is being made under this Bond and enclosing a copy of
the previous written notice furnished to the Contractor.
ORIC 22114 (7-93) Page 1 of 2