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2010-091
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2010-091
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Last modified
2/10/2016 10:22:54 AM
Creation date
10/1/2015 2:09:36 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/06/2010
Control Number
2010-091
Agenda Item Number
12.J.1.
Entity Name
R.K. Contractors
Bond-Hanover Insurance Company
Indian River State College
Subject
College Lane Extension Water Main
Supplemental fields
SmeadsoftID
9641
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THE ATTACHED STATUTORY COVER PAGE FORMS AND BECOMES A PART OF THIS BOND . <br /> Bond No . 1931817 executed in 2 counterpart ( s ) <br /> Bid No , 2010036 <br /> PUBLIC CONSTRUCTION BOND <br /> BY THIS BOND , We R . K . Contractors Inc . <br /> 2860 S Brocksmith Road , Ft . Pierce , FL 34945 , ( 772 ) 462 - 0770 <br /> (insert name , principal business address and telephone number of contractor) <br /> as Principal and The Hanover Insurance Company <br /> 440 Lincoln Street, Worcester MA 01653 ( 508 ) 853 - 7200 <br /> (insert name principal business address and telephone number of surety) <br /> as Surety , are bound to Indian River County Board of County Commissioners <br /> 1800 27th Street Vero Beach FL 32960 ( 772 ) 567 - 8000 <br /> (insert name , principal address and telephone number of owner of the property or contracting public entity and its contract number) , <br /> herein called the Owner , in the sum of $ 208 , 186 . 00 , for payment of which we bind <br /> ourselves , our heirs , personal representatives , successors , and assigns , jointly and <br /> severally . <br /> THE CONDITION OF THIS BOND is that if Principal : <br /> 1 . Performs the contracted dated Zt) yo .L between Principal and Owner <br /> ; ; construction of 16 " Water Transmission Main xtension on College Lane <br /> Vero Beach Indian River Co . FL <br /> ( insert legal description , street address of the property being improved , and general description of the improvement) <br /> the contract being made a part of this bond by reference , at the times and in the manner <br /> prescribed in the contract ; and <br /> 2 . Promptly makes payments to all claimants as defined in Section 255 . 05 ( 1 ) , <br /> Florida Statutes , supplying Principal with labor , materials , or supplies , used directly or <br /> r� ; tectly by Principal in the prosecution of the work provided for in the contract ; and <br /> 3 . Pays Owner all losses , damages , expenses , costs , and attorney ' s fees , <br /> including appellate proceedings , that Owner sustains because of a default by Principal <br /> under the contract ; and <br /> 4 . Performs the guarantee of all work and materials furnished under the contract <br /> for the time specified in the contract , then this bond is void ; otherwise it remains in full <br /> force . <br /> Any changes in or under the contract documents and compliance or noncompliance <br /> with any formalities connected with the contract or the changes does not affect Surety ' s <br /> obligation under this bond . <br /> DATED on � or I . lo c> <br />
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