Laserfiche WebLink
PUBLIC CONSTRUCTION BOND <br />Bond No. PB00058100071 <br />(enter bond number) <br />BY THIS BOND, We Sunshine Land Design, Inc. , as Principal and <br />Philadelphia Indemnity Insurance Compa9ya corporation, as Surety, are bound to Indian River County <br />, herein called Owner, in the sum of $481,780.68 , for payment of which we <br />bind 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 contract dated October 1, 2019 , between Principal and Owner for <br />construction of Indian River Boulevard and Grand Harbor Blvd Si nalization IRC -1806 the contract being <br />made a part of this bond by reference, at the times and in the manner prescribed in the <br />contract; and <br />2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida <br />Statutes, supplying Principal with labor, materials, or supplies, used directly or indirectly <br />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, including <br />appellate proceedings, that Owner sustains because of a default by Principal under the <br />contract; and <br />4. Performs the guarantee of all work and materials furnished under the contract for the <br />time specified in the contract, then this bond is void; otherwise it remains in full force. <br />Any action instituted by a claimant under this bond for payment must be in accordance <br />with the notice and time limitation provisions in Section 255.05(2), Florida Statutes. <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 October 2, 201 Sunshine Land Design, Inc. <br />g0VU-FLA%n V. 0. (Wme of rinci 'al <br />�J <br />By ;r <br />Annette Wisong, As Attorne i 16 , ..j �. <br />_Philadelphia Indemnity Insurafi'ee Comdany' <br />(Name of Surety <br />00610-3 <br />00610 - Public Construction Bond <br />F:\Public Works\ENGINEERING DIVISION PROJECTS\1806 Indian River Blvd and Grand Harbor Blvd -Mast Arms\1-Admin\Bid <br />Documents\Master Contract Documents Re-Bid\00610 - Public Construction Bond.doc <br />