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13 . c5
<br /> SECTION 00610 - Performance Bond
<br /> KNOW ALL MEN BY THESE PRESENTS :
<br /> BY THIS BOND , we
<br /> Ranger Construction Industries, Inc.
<br /> P . O. Box 14589
<br /> Ft. Pierce , FL 34979 (772) 464-6460 as Principal
<br /> (Contractor) ,
<br /> (Insert name, principal business address , and telephone number of Principal/Contractor)
<br /> and
<br /> United States Fidelity and Guaranty Company
<br /> 5801 Smith Ave.
<br /> Baltimore, MD 21203 800-242-8734 a corporation ,
<br /> as Surety,
<br /> (Insert name , principal business address, and telephone number of Surety)
<br /> are held and firmly bound unto the County of Indian River, Florida , 1840 , 25th Street, Vero
<br /> Beach , Florida 32960 , (772-567-8000) ,
<br /> in the sum of Nine Million Nine Hundred Three Thailand Four Hundred Ninety-Five and 25/100 Dollars ($ 919031495 .25 ) ,
<br /> amounting to 125 % of the total bid price . For the payment of said sum we bind ourselves , our
<br /> heirs , executors , administrators and assigns jointly anq severally, for the faithful performance
<br /> of a certain written Contract, dated the _ Nay of 2005 ,
<br /> entered into between the Principal and the County of Indiah River, for:
<br /> Bond Number: 104579277
<br /> Project Name : 41 "t Street Roadway Improvements
<br /> County Project Number: 0016 & 0236
<br /> Project Address : 415t4Street
<br /> Vero Beach, Florida
<br /> Project Description : Roadway Improvements to 41 St Street from 615` Avenue to 381h
<br /> Avenue
<br /> A copy of said Contract is incorporated herein by reference and is made a part hereof as if fully
<br /> copied herein .
<br /> NOW , THEREFORE , THE CONDITIONS OF THIS OBLIGATION ARE SUCH , that if the
<br /> Principal shall in all respects comply with the terms and conditions of said Contract and its
<br /> obligations thereunder, including all of the Contract Documents therein referred to and made a
<br /> part thereof, and such alterations as may be made in the Contract Drawings and Specifications
<br /> as therein provided for, and shall indemnify and save harmless the County of Indian River
<br /> against and from all expenses , damages , injury or conduct, want of care of skill , negligence or
<br /> default, including patent infringement on the part of the Principal, his agents or employees , in
<br /> the execution or performance of said Contract, including errors in the Drawings furnished by the
<br /> Principal , and further, if the Principal shall promptly make payments to all who supply him with
<br /> labor and/or materials used directly or indirectly by the Principal in the prosecution of the Work
<br /> provided for in said Contract, then this obligation shall be null and void ; otherwise , the Principal
<br /> and Surety, jointly and severally, agree to pay the County of Indian River any difference
<br /> between the sum that the County of Indian River may be obliged to pay for the completion of
<br /> said Work , by contract or otherwise , and any damages , whether direct, indirect, or
<br /> 0016-00610 - Performance Bond
<br /> 00610 - 1
<br /> F1Engimenng%Capital Projects=16 d 0236- 41M Street Improveffm0 gg16 & 023641st SI Contrad OOW0016.00610 . Performance aond.doc Rev. 05/01
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