DOCUMENT

FORM - Payment Bond

  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: FORM - Form
The document is a Payment Bond between a Design/Builder (referred to as the Principal) and a Surety, with Orange County, a Political Subdivision of the State of Florida, as the Obligee. The bond is for a project titled "Design/Build Services" under Contract No. Y0-800-JO. The bond states that the Principal and Surety are bound to pay the Obligee a specified sum of money, and they bind themselves, their representatives, heirs, executors, administrators, successors, and assigns to fulfill this obligation. The condition of the bond is that the Design/Builder must promptly make payments to all claimants for services, labor, and materials used or required for the project. The bond also states that claimants covered by Section 713.01 of the Florida Statutes have a direct right of action against the Principal and Surety, provided they give written notice of performance and non-payment. Additionally, claimants must satisfy the notice requirement and time limitations of Section 255.05 of the Florida Statutes. The bond is signed and sealed by the Design/Builder as the Principal, with a witness present. It is also countersigned by the Surety and their agent. The document includes a notary public section where the Attorney-in-Fact for the Surety appears before the notary public and confirms their authority to execute the Payment Bond on behalf of the Principal. The notary public then acknowledges the statement and signs the document. Overall, the document outlines the obligations and conditions of the Payment Bond between the Design/Builder and the Surety, ensuring that payments are made to all parties involved in the project and providing a mechanism for claimants to seek recourse in case of non-payment.
MEMBERS ONLY DOWNLOAD
Advertisement

Similar Documents

Document
Evaluation Committee Rules of Conduct
Year Created: 2025
Document
RFQ - ADA Self-Evaluation and Transition Plan
Year Created: 2023
Document
Establishing an Effective Supplier Diversity Program
Year Created: 2022