2001-054 - Laserfiche WebLink

Home Browse Search

i 4D PERFORMANCE BOND KNOW All MEN BY THESE PRESENTS that as Principal, hereinafter called CONTRACTOR, and , as surety, hereinafter called Surety, are held and firmly bound unto INDIAN RIVER COUNTY, Florida, as Obligee, herein ager called OWNER, in the amount of Dollars ($ ), for the payment whereof CONTRACTOR and Surety bind themselves, their heirs, executors, administrators, successors and assigns, j ointly and severally, firmly by these presents. WHEREAS, the CONTRACTOR has by written agreement, date , 19 entered into a contract with OWNER for in accordance with the specifications prepared by the OWNER, hereinafter called the Contract. NOW THEREFORE, THE CONDITION OF THIS OBLIGATION is such that if the principal,. 1. Faithfully performs the contract at the times and in the manner prescribed in the Contract; and 2. Promptly makes payments to all persons, including claimants as defined in Section 255.05(1), Florida Statutes, supplying labor, materials and equipment used directly or indirectly by the said CONTRACTOR, CONTRACTORS, SUBCONTRACTOR or SUBCONTRACTORS in the prosecution of the work provided for in the contract; and 3. Satisfies all claims and demands incurred for the same and fully indemnifies and saves harmless the OWNER from all losses, damages, expenses, costs and attorney's fees, including appellate proceedings, which the OWNER suffers by reason of failure to do so and fully reimburses and repays the OWNFIR all outlay and expense which the OWNER may incur in making good any such defect; and 4. Performs the guarantee of all work and materials furnished under the contract for the time specified in the Contract, then this obligations shall be null and void; otherwise it shall remain in full force and effect. And provided that any alterations which may be made in the terms of the Contract or in the work to be done under it, or the giving by the OWNER of any extension of time for the performance of the Contract, or any other forbearance on the part of either the OWNER or Principal to the other shall not in any way release the Principal and Surety or Sureties, or either or any of them, their heirs, executors, administrators, successors or assigns for their liability thereunder, notice to the Surety or Sureties, of any such alteration, execution or forbearance being hereby waived.