2008-016 - Laserfiche WebLink

Home Browse Search

ORDINANCE 2008-016 (g) Award of contract. The county commission after review of bids received may award the contract to the bidder who, in the view of the county commission, has submitted the bid that is in the overall best interest of the county. The county administrator shall have this same authority with respect to submittals and bids for contracts under the purchasing authority of the county administrator. (Section 105.01) (h)Payment and performance bonds. (1) Contracts under twenty five one -hundred thousand dollars ($25 $100,000.00). Normally, payment and performance bonds shall not be required; however, if the county administrator determines that payment and performance bonds are desirable in a particular instance, the public notice inviting bids soliciting competitive bids or proposals/advertisement shall specify the requirements for payment and performance bonds and the procedures in subparagraphs (2)1 and (3), and (4) of this paragraph shall apply. Except for a contract subject to paragraph (i) when there is no bond requirement the county shall make only one payment for the entire amount when the terms of the contract have been fulfilled. (2) Contracts -twenty-five one -hundred thousand dollars ($25 $100,000 00) and er over. Payment bonds equal to one hundred (100) percent of the contract price and performance bonds equal to one hundred (100) percent of the contract price shall be provided by the successful bidder at the time of the execution of the contract The public notice soliciting competitive bids or proposals/advertisement inviting -1414s shall specify the requirements for payment and performance bonds. (3) Payment and Performance Bond requirements. TheEach payment and performance bond shall be provided by a surety company authorized to do business in the State of Florida. cashier's check or an irrevocable lottor of credit. The check or letter of credit shall be provisions of Section 255 05 F.S. The bond shall remain in effect for at least thirty (30) days after final completion. (4) Security in lieu of Payment and Performance Bonds. In lieu of the bond required by this subparagraph (h) a contractor may file with the county an alternative form of security in the form of cash, a money order, a certified check, a cashier's check, or an irrevocable letter of credit. Any such alternative form of security shall be for the same purpose and be subject to the same conditions as those applicable to the payment and performance bonds required by this subparagraph (h). The determination of the value of an alternative form of security shall be made by the county administrator. (i) Waiver of bonds. At the time of award of contract, the county may waive the requirement for payment and performance bonds and the cost of said bonds shall be deducted from the contract price. 0) Payment when bond of this section not required. Except for a contract subject to paragraph (0, when there is no bond requirement the county shall make only one 4 • - a • a •• • • - e Al- •. OA •-•-- - - -, - - - -- - - tot to -- -e• cashier's check or an irrevocable lottor of credit. The check or letter of credit shall be provisions of Section 255 05 F.S. The bond shall remain in effect for at least thirty (30) days after final completion. (4) Security in lieu of Payment and Performance Bonds. In lieu of the bond required by this subparagraph (h) a contractor may file with the county an alternative form of security in the form of cash, a money order, a certified check, a cashier's check, or an irrevocable letter of credit. Any such alternative form of security shall be for the same purpose and be subject to the same conditions as those applicable to the payment and performance bonds required by this subparagraph (h). The determination of the value of an alternative form of security shall be made by the county administrator. (i) Waiver of bonds. At the time of award of contract, the county may waive the requirement for payment and performance bonds and the cost of said bonds shall be deducted from the contract price. 0) Payment when bond of this section not required. Except for a contract subject to paragraph (0, when there is no bond requirement the county shall make only one 4