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2006-018
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2006-018
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Last modified
5/18/2016 8:52:52 AM
Creation date
9/30/2015 8:09:47 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
01/17/2006
Control Number
2006-018
Agenda Item Number
7.M.
Entity Name
Lucas Marine Construction, Inc.
Subject
contract for Oslo Road bridge replacement
Area
Oslo road (CR 606)
Project Number
9705B
Bid Number
2006024
Supplemental fields
SmeadsoftID
4451
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SC4. 06 Hazardous Environmental Conditions at Site <br /> SC -4 . 06 . 13 Delete paragraph GC-4 . 06. G in its entirety. <br /> SC-4 . 06 . H Delete paragraph GC-4 . 06. H in its entirety. <br /> SC-5 . 01 Performance , Payment and Other Bonds <br /> SC - 5 . 01 . A . Delete paragraph GC-5. 01 . A in its entirety and insert the following paragraph in its <br /> place: <br /> A . Within ten ( 10 ) days of receipt of the Contract Documents for execution , the <br /> CONTRACTOR shall furnish a Performance Bond in an amount equal to 125 % of <br /> the Contract Price and a Payment Bond in an amount equal to 100 % of the <br /> Contract Price , <br /> 1 . The CONTRACTOR shall provide two separate bonds . A combined <br /> Payment and Performance Bond for 125 % of the Contract Price is not an <br /> acceptable substitute . <br /> 2 . Such Bonds shall continue in effect for one ( 1 ) year after acceptance of <br /> the Work by the OWNER . <br /> 3 , The CONTRACTOR shall record , the Payment Bond and the <br /> Performance Bond with the Public Record Section of the Indian River <br /> County Courthouse located at 2000 16th Avenue , Vero Beach , Florida <br /> 32960 . The recorded bonds shall be forwarded to the Indian River <br /> County Purchasing Division on or before the seventh day after they are <br /> recorded . The CONTRACTOR shall pay all costs . <br /> This paragraph may be acceptable to some private developers , but it is NOT acceptable <br /> to Indian River County : <br /> 4 . In lieu of the Performance and Payment Bonds , the CONTRACTOR may <br /> furnish an alternative form of security in the form of cash , money order, <br /> certified check , cashier' s check , irrevocable letter of credit or a security as <br /> listed in Part II of F . S . Chapter 625 . Any such alternative form of security <br /> shall be for the same purpose , and be for the same amount and subject <br /> to the same conditions as those applicable to the bond otherwise <br /> required . The determination of the value of an alternative form of security <br /> shall be made by the OWNER . <br /> SC-5 . 01 . B . Delete paragraph GC-5. 01 . 6 in its entirety and insert the following paragraph in its <br /> place: <br /> B . All Bonds shall be in the form prescribed by the Contract Documents except as <br /> provided otherwise by Laws or Regulations , and shall be executed by such <br /> sureties as are named in the current list of "Companies Holding Certificates of <br /> Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring <br /> Companies" as published in Circular 570 ( amended ) by the Financial Management <br /> Service , Surety Bond Branch , U . S . Department of the Treasury . The sureties for <br /> . all Bonds must be authorized to issue surety bonds in Florida . The <br /> CONTRACTOR shall require the attorney- in -fact who executes any Bond , to affix <br /> to each a current certified copy of their Power of Attorney , reflecting such <br /> 4 person ' s authority as Power of Attorney in the State of Florida . Further , at the <br /> time of execution of the Contract , the CONTRACTOR shall for all Bonds , provide <br /> a copy of the Surety' s current valid Certificate of Authority issued by the United <br /> States Department of the Treasury under 31 United States Code sections 9304- <br /> 9308 . <br /> 00800 - Supplementary Conditions 2006041 <br /> 00800 5 <br /> FAPublic Works\Capital Projects\Oslo Road Lateral J\BID DOCUMENTS 2006041 \00800 - Supplementary Conditions 2006041 . doc Rev. 05/01 <br />
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