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approvals , and to present the item at a Board meeting . A contract must be executed by the <br /> other party prior to submission to the Board Chairman to sign . A copy of the agenda item <br /> materials and the executed contract shall be provided to the Purchasing Division for its <br /> records . <br /> C . Notice of Award . Upon Board approval , the Purchasing Division shall send out a <br /> notice of award to the successful bidder and request submittal of any required certificate(s ) <br /> of <br /> insurance and bond( s ) . If a proposed or sample contract was included in the agenda item approved <br /> by the Board, the Purchasing Division shall also include two (2 ) copies of the contract <br /> to be <br /> executed by the vendor which shall be returned with the appropriate certificate(s) of insurance and <br /> bond(s) . <br /> D . Certificates of Insurance/Bones. Upon receipt of certificate( s) of insurance , <br /> bond( s ) , and contracts executed by the contractor, the Purchasing Division shall submit the <br /> certificate ( s) of insurance to the County Risk. Manager for approval and the bond(s) to the County <br /> Attorney for approval . After approval of the bond( s ) , the Purchasing Division or the contractor shall <br /> record the bond(s ) in the public records , if appropriate , and send copies of the bond(s ) , certificate ( s ) <br /> of insurance and the original executed contracts to the Originating Department . The Originating <br /> Department shall be responsible for proper routing and submission of the contracts for the Board <br /> Chairman ' s signature . <br /> E . Notice of Award . Public Construction Bond . <br /> 1 . Public Construction Bond Required on any Construction Contracts Equal to <br /> or in Excess of $ 100 , 000 . A public construction bond shall be required on any construction <br /> or public works contract for a project costing $ 100 , 000 , or more . Such bond shall <br /> be <br /> provided by a surety company authorized to do business in the State of Florida. An <br /> alternative form of security may be provided in the form of cash, a money order, a certified <br /> check, a cashier ' s check, an irrevocable letter of credit, or other form of security permitted <br /> by Florida Statute 255 . 05 ( 7 ) , in a form acceptable to the County Attorney and the County <br /> Budget Director. <br /> 2 . Bond Must be Delivered Prior to Issuing Contract Document. If required, a <br /> public construction bond or other form of security shall be delivered to the County prior to <br /> execution of the contract . All public construction bonds shall be recorded with the Clerk of <br /> the Court by the Purchasing Division or the contractor prior to commencement of the <br /> project . <br /> F . Executed Contract . The Originating Department shall be responsible for returning a <br /> fully executed original contract to the vendor and shall prepare and send a notice to proceed to the <br /> contractor when appropriate . <br /> G . Forfeiting of Bonds . <br /> Default by Contractor. All contracts for construction services shall contain a clause <br /> providing for termination upon default of the contractor and providing that in such cases the surety <br /> company shall bear responsibility for the completion of the contract, or if no surety company has <br /> 16 <br />