DOCUMENT

FORM - Performance Bond

  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: FORM - Form
This document is a performance bond between a contractor and a surety, with Orange County, a political subdivision of the state of Florida, as the obligee. The bond is for a specific project, as described in Contract No. ______. The bond states that the contractor and surety are bound to pay a specified sum of money to the county if the contractor fails to fully, promptly, and faithfully perform the contract and all obligations under it. The bond also includes provisions for the surety to remedy any defaults by the contractor, either by completing the contract themselves or arranging for another bidder to complete it. The surety is required to provide sufficient funds for the completion of the work. The bond also states that any changes to the contract or its terms do not affect the surety's obligation, and the surety waives notice of any such changes. The contractor is responsible for notifying the surety of any changes. The bond also includes provisions for the contractor to save the county harmless from any damages or defects in the work for a period of one year from the date of final completion. The document is signed and sealed by the contractor and surety, and a notary public verifies the authenticity of the signatures.
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