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Bid No. 2019074/IRC-1826 <br />PUBLIC CONSTRUCTION BOND <br />Bond No. RCB0014392 <br />(enter bond number) <br />Contractors Bonding and <br />BY THIS BOND, We TPrh SyGtPm-inr. as Principal and Insurance Company, Illinois a <br />corporation, as Surety, are bound to Indian River County , herein called Owner, in the sum of <br />$212,005 , for payment of which we bind ourselves, our heirs, personal representatives, successors, and <br />assigns, jointly and severally. <br />THE CONDITION OF THIS BOND is that if Principal: North County <br />1. Performs the contract dated 11-12, 2019 , between Principal and Owner for construction of Regional Park <br />Aquatic Facility Roof Replacement , the contract being made a part of this bond by reference, at the times and in <br />the manner prescribed in the contract; and <br />2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida Statutes, supplying <br />Principal with labor, materials, or supplies, used directly or indirectly by Principal in the prosecution of the work <br />provided for in the contract; and <br />3. Pays Owner all losses, damages, expenses, costs, and attorney's fees, including appellate proceedings, that <br />Owner sustains because of a default by Principal under the contract; and <br />4. Performs the guarantee of all work and materials furnished under the contract for the time specified in the <br />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 with the notice and -time <br />limitation provisions in Section 255.05(2); Florida Statutes. <br />Any changes in or under the contract documents and compliance or noncompliance with any for'rrialties,'' <br />connected with the contract or the changes does not affect Surety's obligation under this bond. <br />DATED ON November 13, 2019 Tech Systems, Inc. <br />Page 40 of 42 <br />