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<br />181ST ACTIVE PARK DRIVE
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<br />I. The COntnlCIOr and the S~lY, jointly lUld ,ovcrally, bind themselves, their
<br />heirs. cxeeutOl'!l, adrn1n.lsntorll, succ:esson IUld lISaignQ to the Owner for rhe
<br />pcrfonnance of the Construction Conrracl, which is incorporated hlft'ein by
<br />",ference.
<br />2. If the Coneractor pc:rf~ we CCIlUtnlctian Coatl'llct, the S~ry llJId rhe
<br />ConU1lClor shall have: DO obllllarioa Wider this Bond. e;r;eq>t 10 pllllicipAte in
<br />eoafcmmc~ as provided In Subparagraph J.I.
<br />J. If th~ is no OW11m' Default. the Swely's obligation under this Bond shall
<br />Illise: after:
<br />3.\.
<br />
<br />The Owner has norified !he Contr.!l:lDr III\d the Surery llI. its addn:ss
<br />described in PlllUpph 10 below, thaI the OWllCl' i, conSidering
<br />declaring II Contl'llCtor Ddaull nnd has reque.'Ited md Attempted to
<br />lUTlUlge 11 ccnfm:nce with the Contr.lclQr and Ihe SurelY to be held
<br />nol Iller thllll flficcn M}ll lI'ter =clpt of such notice to discullll
<br />methods of performing lhe: COII$Q'Uction ContraCt If the Owner,
<br />rhe Ccmtnlclor And the SIWty 118=, !he Concmctor ahall be
<br />allowed a n:a.sonable time to pcdonn the CanslrUction COll~1.,
<br />but auch An agn:cmenl shall not waive tho Owner'a rieht, if any,
<br />subsequently to dcclpre a ConrraclOr Deflluh: lUId '
<br />The Owner has declared II Contractor Default and fuons.lly
<br />tcnnillntc:d the: Contractor', risht 10 complete the ccmtnlct. Sll(;h
<br />CanQ1lctor Defllult shall not be: deelEUt:d earlier lhan lWenty days
<br />lIftGr thCl Con1:nlCtor IJId the: Sumy have rc:r;ojved nOllce os
<br />provided in SubplInlgrqp!t 3.1: IDcI
<br />The Owner hJ1s agreed 10 pay Ihe BalDllce of the ConlnlCl Price 10
<br />the Slltllty In ac:con:l4nCC with rhe Imna of the: CotlAtrw:rlon
<br />Contract or 10 a COnQ1\Clor Selected to perfonn the Construcllon
<br />COOttllct In IlcccrclAncc with the: lel'\l1I of the CODlrIlCI with !he
<br />Owner.
<br />4. When lhe Owner hIlS satisfied the conditions of Paragraph J, the SWllty
<br />shnll promptly and at Ihe Sun::l)I's expCllUc llIlte OI\c of the following actions:
<br />4.1. Ammsc: for the Ccmtr.lctor. with coruc:nl of the Owner, to perform
<br />lUId complete the: CDnlll'lIctloa Ccm\nctl or
<br />Unc1mtake 10 perfcrm IIlId complete the ConslIUction Contnet
<br />Itself, throush ir.sl\BCI1ts or ~uSh indepondcnt COQtracton: or
<br />Obcaill bld& or negotlallld pnJpOsals from qUllllfled contracton
<br />acceptable to the Owner for a conlr.lCt for pcfonnancc lIDd
<br />completion of the CCIIIllll'\lClion CQntnl~t, OtTlItIge Cor A conlfllct to
<br />be prepared for exc:cufiDl1 by the Owner 4nd !he conmu:tor sek:cted
<br />with the: Owner's conclllm\cc, 10 be IClCUR:d wl!h perf'ClmIlU1ee lUId
<br />paytnmt boncb cucutcd by 9 qualified surety aqui\lllmlt 10 the
<br />bondt IsslJe:d on the CaD5!rUctiOll Ccn~t, Ilftd p,ny 10 the: Owner
<br />rhe amDWIt of dlllDllgcs as deseribed in Pmsroph 6 in ellCC:SS of the
<br />Balance of the COlUmct Prille iPc~ by the Owner resulring from
<br />the ConlnClor's default: or
<br />Waive Its right to perfonn and complete, 8mlJl8C for completion,
<br />or oblain a new cona'aclOr and with rtasonablc pmmprness under
<br />!he cUcumsW\ccs:
<br />1- AfIcr iIlvcstigarioll, de~e the lUDOWU for which it may
<br />be lIabla to the Own=' Ind, Il.G aoon lIS pmertcable lilt<< the
<br />llIDount is determined, tClldcr payment !herefor 10 !he Owner:
<br />or
<br />2. Deny Illlbllity In whole: or In pQlt IIlJd oodly the Ownl:!' citing
<br />IUllODS therefor.
<br />5. Jf rhe Sun:1Y does not proceec:I u prvvlded in Plll1lSl1lph 4 with rea&o"lIble
<br />prompmess, the SlWty shall be deemed to be in clc:faull on t1Us Bond fifteen days
<br />after ru:eipt of an additional writtml notice from the Owner 10 the: Surety
<br />demanding thlt the: SunllY pmform lIS obligBllons under Ibis Band, lIJId Ihe:
<br />Owner shall be: entitled to enfon:e any J'Cllledy available to, the: Owner. If the
<br />Surery pmc:eed& WI provided in SubpnJ'lBl:1lph 4,4, DlId the Owner refuses the
<br />payment ~ or Ihe Sursy bas denied liability, in whole or in p4I1. wJlhout
<br />
<br />3_2,
<br />
<br />3.3.
<br />
<br />4.2,
<br />
<br />4.3,
<br />
<br />4.4.
<br />
<br />APRIL 10, 2005
<br />
<br />further no/ice the Owncr shaH be entitled. 10 enforce any remedy available (C Ihe
<br />Owner,
<br />6. Mer the Owner has tmninatcd the Contnll:tor', right to complele u."
<br />COl1lllnlcncn Contract, lU1d If the Swt:ty elccr.s 10 aCI under Subpllnlgnlph 4
<br />4.2, or 4,3 above. then the MSpcnalbillrie.s of the Surety 10 the Owner shall not I..
<br />iR=D1er than those of the COOttllctor under the Constl'Ucuon Conuact, and the:
<br />rc:$por1IibiIltic:a of the Owner to tho S un;ly shall not be FAter thDll those of rho
<br />Owner Wider the ClllII.itroCtiOll OJntraCt. To !he limit of the IlIIlOlUJt of this Bond,
<br />butllubjCl:t to comrnitml:lU by tho Owner of ~ BBIMce of the ConlraA:t Price to
<br />m.ldgarion of COSIS lUld dBmAgcs on the: ConStnl"ICll Contract, the SW1;ty Is
<br />obligAted withDllt duplication for:
<br />6.1. The responslbmti~ of the Contnc:lor for cOl'l"CCtion of defCCltive
<br />work lIIld ~pletion of the: Constnlction Conrraa:
<br />6.2. Additional logAI. design plOfCllsionDl IUId dalllY 'os IS resulting
<br />ftom the ContlllClOt'$ DefaUlt, and n:sultillg from the actions or
<br />fallWlllQ lICt of the Surety undc:l' P&l1lJn1ph 4: and
<br />6,3. Uquidetal d4J\1llgc:s, or If no liquidated clamoge:.'l are specifl~ in
<br />the ConmuctiOll Canrracr, actual damages C3Ullcd by delayed
<br />pc:rtonnllllce or non-perfonnAnce of the ConlnlClOJ'.
<br />7. The Surely shall nOt be liable Co the Owner 9I' othcr'$ for obligations of the
<br />Contractor thae Itll WlI'CIllIlI:d 10 the Construction Conlr.lct. lUId the Blllance of the
<br />Contl'llCt Price shaIl not be Jduced ar Silt off on account of any such unrelated
<br />oblilatiOllS. No risht of action shall accrue on this BClld to any per.iOD or entity
<br />othe:r th4n the Owner or (tJ heirs, oXQ:utonJ, adml.nISlrIIIOl'!l, or succc:sson.
<br />8. The Surety hnby w~ves notice of my chang~, including changes of time.
<br />to lhe CORStnlccloD Cantmct or to related subccmtrllca, p!m:hasc ordem and other
<br />obligBtiom;,
<br />9. A.D.y proceeding, laSlI1 or cquilllble, undlll' this Bond mQy be inl!:tiflllcd in
<br />MY court of compelellt jurisdictlm in the location in which the work or plU'l of
<br />me worlc is located BIId shall be Uuliwtal within two years after COntliClor
<br />Default ar within tWo YClIlI after th~ COnlnlCtof cCllllcrl WOtking or within two
<br />yc:8l$ after the Surety refuses Dr fails to paform il:i obligations under thi! Bond,
<br />whlcbc1lor OCCUR flnt. If the prolfisiona of limitAtion available to 'lU'tIric::l 88 0
<br />defense bl the jurisdiction of Ihe suit shall bo appli12blc.
<br />10, Notice to the S~ly. the Owne:r or the ConlnlCtor shall be mo.i1ed or
<br />dollvend rD the .dIm:sa shown on 1M allflatUl"l:l pISO.
<br />II. Whllll this Bond has been furnished 10 comply with. a SlaRltory or otha
<br />legal mquUemel11 in tho location where the cODslnlction WB/l to ~ pl;Iforme'
<br />any provision in this Bond conflicting with .aid StatulClty at legal requlrcmc.
<br />shall be d=med deleted hr:refrom IlI1d provisions confonning to such stabJlOl')' or
<br />other legll mquimnCl1t shall be deemed inCOlpCruted h~in_ 'Ibe if!tent Is that
<br />Ibis Bond shall be construed as II ~tllt.ulOJ}' bond and not as a common law bend.
<br />12, Det"anldons.
<br />12.1. Balance of the Contract Price: The tomlBmount payable by the
<br />Owner to Ihe ClltIlrlctor under the ColtSD'Uclion ContrllCt ofier :Ill
<br />pmpc:r adjUlltm~tJ have bcCQ made, including aUowanec to the
<br />ConrraelOl' of any amourn~ R:Ccivcd or to be received by the Owncr
<br />In seltlement ot inllllllll~ or other elnim.s for damAges 10 which the
<br />ContnlClQr Is entitled, rcduci:d by all vilid and proP=' payments
<br />made to or Qn ~h.alf of Ihe ContnlclOr ,Wider the COIUlnlcrion
<br />COIltrllct.
<br />12.2, COpSll'lIccion ConQ1lct: The: acreem~l\lbelWccn the Owner and the
<br />CORlJ1IClCIr IdenllRc:d on the sisnlll.Un: page, including all Contnct
<br />Documetl.ts and c:hang~ themto.
<br />12.3, ConlnCIOr Default: FallW'e of the Contnletor, which ~ neIther
<br />been remedied nor waived. to pc:rfonn or olhc:rwise to comply with
<br />the temu of the Conslnlclion ConlrllCt.
<br />12.4, Owner Default: FIIIlW'e of the Owner, which hu nelthr:t b=n
<br />remedied nor waived. to PllY thc CQntnlctor as requited by the
<br />Conalnlelicn Conll1l~t or to pcrfonn llI\d r:omple:te or comply with
<br />the omer terms lher=f.
<br />
<br />(FOR INFORMATION ONLY-Name, Address and Telephone)
<br />AGENT or BROKER: OWNER'S REPRESENTATNE (Architect Enei~er or orhertlarty)'
<br />Nielson, Alter & Associates, Inc. Miller, Legg & Associates, Inc:, a/b/a MrIl~r Legg
<br />5979 Northwest 151st Street, #105 1800 North Douglas Road, Suite 200
<br />Miami Lakes, Florida 33014 Pembroke Pines, Florida 33024
<br />(305) 822-7800
<br />
<br />EICDC No. 1910-28A (1984 EdltJon)
<br />
<br />00601-2
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<br />Prepared throuih tho joint efforts of ~ Surc:ty As5oeiation of America, Engineers' Joint Contract Docwnents CommIttee, The Allllociated
<br />General Conlraetan'of America. Amene~ INtitutC of Atchlrecl$. AmcrlcSJ'l Subconrractors Association, end the ASSOCiated Specilllty
<br />Contractors.
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