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PUBLIC CONSTRUCTION BOND <br />Bond No. PB00058100089 <br />(enter bond number) <br />Sunshine land Design, Philadelphia Indemnity <br />BY THIS BOND, We Inc., as Principal and Insurance Comoanv a <br />corporation, as Surety, are bound to Indian River County , herein called Owner, in the sum of <br />$ 798,575.00 , for payment of which we bind ourselves, our heirs, personal representatives, <br />successors, and assigns, jointly and severally. <br />THE CONDITION OF THIS BOND is that if Principal: <br />1. Performs the contract dated July 14,, 2020 , between Principal and Owner for construction of <br />**See below** , the contract being made a part of this bond by reference, at the <br />times and in the manner prescribed in the contract; and <br />2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida Statutes, <br />supplying Principal with labor, materials, or supplies, used directly or indirectly by Principal in the <br />prosecution of the work provided for in the contract; and <br />3. Pays Owner all losses, damages, expenses, costs, and attorney's fees, including appellate <br />proceedings, that 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 <br />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 with the <br />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 with any . <br />formalities connected with the contract or the changes does not affect Surety's obligation_ under <br />this bond. <br />**Indian River Boulevard & 8th Street Signalization Improvements** <br />DATED ON August 5, 2020 Sunshi a Land Design, Inc., :1 <br />J <br />B <br />(Nar& of P nci al <br />Philadelphia Indemnity Insurance Company <br />^Sdrety, <br />4J 4 <br />Annette Wisong, Attor ytin:Fa�t <br />10 <br />`� ... <br />Public Construction Bond - 00610 - 3 <br />FAPublic Works\ENGINEERING DIVISION PROJECTS\1909 8th ST at IRB Signalization Improv\1-Admin\Bids\Bid Documents\DIV 0_3_Contract Forms.docx <br />