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2008-399B
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2008-399B
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Last modified
4/20/2016 1:31:57 PM
Creation date
10/1/2015 1:09:24 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
12/09/2008
Control Number
2008-399B
Agenda Item Number
8.A.
Entity Name
Summerlin Marine Construction
Subject
Moorings Club & Indian River County Seawall Cost Sharing
Bid Number
2008070
Supplemental fields
SmeadsoftID
8196
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the County of Indian River may incur as a result of the failure of the Principal to properly execute all of the <br /> provisions of the Contract. <br /> AND , the said Principal and Surety hereby further bind themselves, their successors, executors, <br /> administrators and assigns, jointly and severally, that they will amply and fully protect the County of <br /> Indian River against, and will pay any and all amounts , damages, costs and judgments, including <br /> reasonable attorney fees (including appellate proceedings) which may be recovered against or which the <br /> County of Indian River may be called upon to pay to any person or corporation by reason of any damage <br /> arising from the performance of the said work, repair or maintenance thereof, or the manner of doing the <br /> same , or his agents or his servants, or the infringements of any patent rights by reason of the use of any <br /> material furnished or work done, as aforesaid or otherwise . <br /> Principal and Surety expressly acknowledge that any and all provisions relating to liquidated damages <br /> contained in the Contract are expressly covered by and made a part of this Bond. Principal and Surety <br /> acknowledge that any such provisions lie within their obligations and within the policy coverages and <br /> limitations of this Bond. <br /> AND , the said Surety, for value received, hereby stipulates and agrees that no change, extension of time , <br /> increase in the Contract price , alteration or addition to the terms of the Contract or to the Work to be <br /> performed thereunder, or the Specifications or Drawings accompanying the same , shall in any way affect <br /> its obligations on this Bond, and it does hereby waive notice of any such change , extension of time, <br /> alteration or addition to the terms of the Contract or to the Work or to the Specifications or Drawings . <br /> AND the Surety represents and warrants to the County of Indian River that it has a Best ' s Key Rating <br /> Guide , General Policy Holder' s Rating of "A" and Financial Size Category of Class "VII" . <br /> AND , the said Principal and Surety jointly and severally covenant and agree that this Bond will remain in <br /> full force and effect for a period of one year commencing on the date of Final Completion as established <br /> on the Certificate of Final Completion as issued by the County of Indian River. <br /> IN WITNESS WHEREOF, the above bound parties executed this instrument under their several seals, this <br /> day of , 20_, the name and corporate seal of each corporate party being hereto <br /> r affixed and these presents duly signed by its undersigned representative, pursuant to authority of its <br /> governing body . <br /> WHEN THE PRINCIPAL IS A CORPORATION : <br /> Attest : <br /> L <br /> Secretary Name of Corporation <br /> BY : <br /> (Affix Corporate SEAL) <br /> Printed Name <br /> Official Title <br /> Page 48 of 55 <br />
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