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PUBLIC CONSTRUCTION BOND <br />Bond No. 47-SUR=300088-01-0442 <br />(enter bond number) <br />Ferreira Construction Berkshire Hathaway Specialty <br />BY THIS BOND, We Southern Division Co., Inc. as Principal and Insurance Company a <br />corporation, as Surety, are bound to ren„n CnmmoennBoard r herein called Owner, in the sum of <br />$ 694,326.36 , 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 Decembei-14, 2021 between Principal and Owner for construction of <br />66TH AVENUE 8 8TH STREET SIGNALIZATION IMPROVEMENT <br />Sthe 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. ,aoY <br />formalities connected with the contract or the changes does not affect Surety's obliq�.l:ipd i6n"j'''`•x <br />this bond. r . , , , <br />DATED ON December 16,2821t; Irl. s <br />er eira C Hs ption(�;o t�}�i MSI Coy, Inc. <br />amekf Prin6iR�I�,,'RONW-P 1.39 f) <br />t <br />AV <br />,lttti�7 <br />Berkshire Hathaway Specialty Ins'raripe,C� ... any,r� , f <br />(Name of Surety) •j��s; r, <br />Public Construction Bond - 00610 - 3 <br />F:Publlc Works\ENGINEERING DIVISION PROJECTSt2002 66th Ave and W St Slgnallzationll-AdrantBidstBid DocumenlslDIV 0 -3 -Contract Forms - 20201002.docx <br />