2004-285 - Laserfiche WebLink

Home Browse Search

10 . PAYMENT BOND , The Contractor shall , upon execution and return of this Agreement to the County , furnish a Payment Bond in the required form covering the faithful performance of this Agreement and the payment of all obligations arising hereunder in the amount of one hundred percent ( 100 % ) of the total Contract Price with a Surety included in the most recent United States Department of the Treasury List of Acceptable Sureties and authorized to issue surety bonds in Florida . A complete copy of the fully executed Payment Bond shall be posted in a conspicuous place at the Project site . The form of the Payment Bond is attached to this Contract as Exhibit D and made a part hereof by this reference . The completed Payment Bond must be satisfactory to the County , and the Contractor shall coordinate with the County as to the recording of the Payment Bond in the public records of Indian River County as required by the Florida Statutes , 11 , PERFORMANCE BOND , The Contractor shall , upon execution and return of this Agreement to the County , furnish a Performance Bond in the required form in the amount of one hundred percent ( 100 % ) of the total Contract Price with a Surety included in the most recent United States Department of the Treasury List of Acceptable Sureties and authorized to issue surety bonds in Florida . A complete copy of the fully executed Performance Bond shall be posted in a conspicuous place at the Project site . The Contractor guarantees the Work to be free from defects for a period of one ( 1 ) year from final payment by the County , in accordance with the guarantee requirements of the Contract and the Performance Bond . The form of the Performance Bond is attached to this Contract as Exhibit E and made a part hereof by this reference . The completed Performance Bond must be satisfactory to the County , and the Contractor shall coordinate with the County as to the recording of the Performance Bond in the public records of Indian River County as required by the Florida Statutes . 11 . 1 . Surety . If the Surety on any Bond furnished by Contractor is declared bankrupt or becomes insolvent or its authorization to do business in the State of Florida is terminated or it ceases to be listed on the United States Department of Treasury List of Acceptable Sureties , Contractor shall within five ( 5 ) days thereafter substitute another Bond and Surety , each of which shall be in accordance with the Contract and acceptable to County . 12 . CONTRACT INTERPRETATION . All claims of Contractor and all questions the Contractor may have concerning interpretation or clarification of this Contract or its acceptable fulfillment shall be submitted immediately in writing to County for resolution . The County , or its representatives , shall render its determination concerning such resolution , which determination shall be considered final and conclusive . At all times , Contractor shall carry on the Work and maintain the progress schedule in accordance with the requirements of the Contract and the determination of the County , pending resolution of any dispute . 13 . FEDERAL AND STATE TAXES . The County is exempt from payment of Florida State Sales and Use Taxes , The Contractor shall not be exempt from paying sales tax to its suppliers for materials used to fulfill contractual obligations with the County, nor is the Contractor authorized to use the County's Tax Exemption Number in securing such materials . The Contractor shall be responsible for payment of all federal , state , and local taxes and fees applicable to the Work and same shall be included in the Contract Price . 8