DOCUMENT

MODL - Bond Consent Surety Form

  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: MODL - Model, Templates
The document is a consent of surety and increase of penalty bond. The document includes several sections and fields to be filled out. Section 1 asks for the bond number, contract number, modification number, and date. Section 2 states that the surety consents to the contract notification and agrees that its bond or bonds shall apply and extend to the contract as modified or amended. Section 3 mentions that the principal and surety agree to increase the penalty of the performance bond and payment bond by a certain amount of dollars. Section 4 specifies that the increase in liability of each co-surety resulting from this consent should not exceed certain sums. Section 5 requires the name of the surety and the increase in liability limit under the performance bond. Section 6 requires the increase in liability limit under the payment bond. Section 7 includes the surety's address, signature, typed name and title, and the date the consent is executed. Section 8 asks if the surety is a licensed Florida agent and if yes, requires the license number. If not, a countersignature is required. Section 9 includes the countersignature by another party if applicable. Section 10 includes the notary public section where the attorney-in-fact for the surety appears before the notary public and states that they have been authorized to execute the performance bond on behalf of the contractor named in the bond. The document ends with the notary public's signature, printed name, and commission information.
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