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original Contracts to the Owner, together with a Payment Bond for 100% of they Bid,
<br />a Performance Bond for 100 percent of the Bid in the forms set forth in the Contract
<br />Documents and General Conditions; and all required insurance certificates before
<br />the Contract will be executed by the Owner.
<br />Failure upon the part of the Bidder to whom the Contract has been awarded to
<br />execute and deliver the Contract Payment and Performance Bonds and required
<br />insurance in the manner and within the time provided shall be dust cause for
<br />cancellation of the award. It is understood and agreed by said Bidder, that if the
<br />award is cancelled for the above persons, the certified check or Bid Bond shall
<br />become the property of the Owner, not as a penalty, but as liquidated damages.
<br />1 16 PAYME=NT AND PERFORMANCE BONDS
<br />The successful Bidder as Contractor shall furnish the County immediately upon execution
<br />of the Contract a Performance Bond in an amount equal to 100 percent of thG contract
<br />price and a Payment Bond in an amount equal to 1 OC - ercent of the contract price, each in
<br />the form provided in the Contract Docurnents The Surety shall be authorized to issue
<br />surety bonds in Florida and be included in the most recent United States Department of
<br />Treasury List of Acceptable Sureties. The successful Bidder shall require the attorney-in-
<br />fact, who executed the Payment Bond and the Performance Bond, to affix to each a current
<br />certified copy of their Power of Attorney, reflecting such person's authority as Power of
<br />Attorney in the State of Florida. Further, at the time of execution of the Contract, the
<br />successful Bidder shalt provide a copy of the Surety's current valid Certificate of Authority
<br />issued by the United States Department of the Treasury under 31 United States Code
<br />sections 93049308. "The Contractor shall provide two separate bonds. a combined
<br />Payment and Performance Bond for 100 percent of the contract price is not an acceptable
<br />substitute.
<br />1.17 PUBLIC DISCLOSURE STATEMENT
<br />Any entity entering into a contract with Indian River County as Owner shall disclose any
<br />relationship that may exist between the contracting entity and an Indian River County
<br />Commissioner or Indian River County employee. The relationship with either must be
<br />disclosed as follows: Father, mother, son, daughter, brother, sister, uncle, aunt, first cousin,
<br />nephew, niece, husband, wife, father-in-law, mother-in-law, daughter-in-law. son-in-law,
<br />brother-in-law, sister-in-law, stepfather, stepmother, stepson, .stepdaughter, stepbrother,
<br />half brother, half sister, grandparent, or grandchild. The term "affiliate' includes those
<br />officers, directors, executives, partners, shareholders, employees, members, and agents
<br />who are active in the management of the entity.
<br />1 18 FLORIDA PRODUCED LUMBER
<br />The selected Bidder as Contractor agrees to comply with the provisions of Section 255 20,
<br />Florida Statutes, as such statute may be amended from time to time, wherein Indian River
<br />County as Owner must specify lumber, timber and other forest products produced and
<br />manufactured in Florida whenever such products are available and their price, fitness and
<br />quality are equal.
<br />0010-7-7
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