Laserfiche WebLink
PUBLIC CONSTRUCTION BOND <br />Bond No. 21 BCSHP1472 <br />(enter bond number) <br />BY THIS BOND, We Guettler Brothers Construction, LLC , as Principal and <br />Hartford Fire Insurance Company , a corporation, as Surety, are bound to Indian River County <br />, herein called Owner, in the sum of $1,051,852.60 , 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 Septemb;oth 2019 , between Principal and Owner for <br />construction of 49th Street Milling and Resurfacing (58th Avenue to 31st Avenue) , 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 September 13th, 20,19 <br />00610 - 3 <br />Guettler Brothers Construction, LLC <br />By <br />(Name of Prin'cipal);' <br />(As Attornev(iri act)v <br />Hartford Fire InsuranceICpmpany.`;^ <br />(Name of Sutety)' <br />Miahae'I 41e 1:1glrries: <br />00610 - Public Construction Bond <br />F:\Public Works\ENGINEERING DIVISION PROJECTS\1414-49th St_58th Ave to 31st Ave\1-Admin\Bids\Bid Documents\Master <br />Contract Documents\00610 - Public Construction Bond.doc <br />