2004-105 - Laserfiche WebLink

Home Browse Search

' PERFORMANCE BOND ' NOW , THEREFORE , THE CONDITION OF THIS OBLIGATION is such that, if Contractor shall promptly and faithfully perform said Contract, then this obligation shall be null and void ; otherwise it shall remain in full force and effect. ' The Surety hereby waives notice of any alteration or defaults under the contract or contracts of completion extension of time made by the Owner. arranged under this paragraph ) sufficient funds to pay the cost of completion less the balance of the contract price ; ' Whenever Contractor shall be , and declared by Owner but not exceeding , including other costs and damages to be in default under the Contract, the Owner having performed for which the Surety may be liable hereunder, the amount Owner's obligations thereunder, the Surety set forth in the first paragraph hereof. The term "balance may promptly remedy the default, or shall promptly of the contract price ," as used in this paragraph , shall mean ' the total amount payable by Owner to Contractor 1 ) Complete the Contract in accordance with its terms under the Contract and any amendments thereto , less and conditions , or the amount properly paid by Owner to Contractor. ' 2 ) Obtain a bid or bids for completing the Contract in Any suit under this bond must be instituted before accordance with its terms and conditions , and upon de- the expiration of two (2 ) years from the date on which termination by Surety of the lowest responsible bidder, final payment under the Contract falls due . or, if the Owner elects , upon determination by the ' Owner and the Surety jointly of the lowest responsible No right of action shall accrue on this bond to or for bidder, arrange for a contract between such bidder and Owner, the use of any person or corporation other than the and make available as Work progresses (even Owner named herein or the heirs , executors , adminis- ' though there should be a default or a succession of trators or successors of the Owner. ' THIS BOND HEREBY IS AMENDED SO THAT THE PROVISIONS FOR TIME , NOTICE AND OTHER LIMITATIONS OF SECTION 255 . 05 OR SECTION 713 . 23 , FLORIDA STATUTES , WHICHEVER IS APPLICABLE , ARE INCORPORATED HEREIN BY REFERENCE . ' THE ATTACHED TERRORISM RIDER FORMS AND BECOMES A PART OF THIS BOND . ' Signed and sealed this day of ' Sitewerks, Inc . /A� Zoa . (Princ (Seal) ' (Witness) vice Pass ►ur„cr ' (Title) United Fire & Casualty Company ' (Surety) 44 " ` ' . , (ueal) • lade a P P ' (Wifnes SUL A Leslie M . Donahue, (Title) Attorney-iryFact<' :) , ; ; U ? Florida Licensed Resident Agent Inquiries: (407) 786- 7770 ' AIA DOCUMENT A311 • PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND, • AIA ® 2 FEBRUARY 1970 ED. . THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 N .Y. AVE. , N .W. , WASHINGTON, D. C. 20006