DOCUMENT

FORM - Bond Form

  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: FORM - Form
The document is a proposal bond for a construction project in Orange County, Florida. The bond is between the Principal (the contractor) and the Surety (the party providing the bond). The bond is in the penal sum of a certain amount of money, which the Principal and Surety are bound to pay to Orange County if certain conditions are not met. The conditions include the Principal withdrawing the bid or failing to enter into a written contract with Orange County within a specified time period. The Principal is also required to provide a Performance Bond and a Payment Bond with good and sufficient surety. If the Principal fails to meet these conditions, they may be required to pay the County the difference between the bid amount and the amount the County may procure the required work and/or supplies for. The document is signed and sealed by the Principal and Surety, and includes their business addresses and contact information.
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