HomeMy WebLinkAboutExhibit4SURETY BID BOND
Metro Express, Inc.
By this Bond, we , as Principal, whose principal business address is
8095 W. 21st Lane, Hialeah, FL 33016 , as respondent to the contract offeringdue September 26th
2007 , for Miami -Dade County construction of People's Transportation Plan (PTP) NW4th Street
.. 20070610 roWork
Contract No. (herein after referred W as ontrac a terms o w ie ontraet are
incorporated by reference in its entirety into this Bond and • Arch Insurance Company a
corporation. \\•hose principal business address is 2701 N. Rocky Point Drive, Ste. 980, Tampa, FL 33607
us Surety, :ire bound to Miami -Dade County (hCfcin:il-te,' rcIL•rrLd to ;i. Cotinl\") in Ilt. :unt vi
Five Percent of Amount Bid (U.S. tlt�Iltir:) S """ "5% "` liar pad nit ,a t l witich
we bind ourselves, our heirs, personal representatives, suct:CSSors, and assi�.ns, jointly and severally.
THE CONDITION OF THIS BOND is that Principal:
1. Whose submittal is found to be responsive to the solicitation, offered by a responsible
contractor, is the lowest such responsive and responsible bid and is found to he in the best
interest of the County shall be recommended for award by the County Manager; and
2. This Notice of Contract Award will be given to the successful respondent by a re2istered
or certified letter to the address stated in the submittal packa�v.e by the prospective Contractor:
and
3. lapun receipt of Notice of Conira:t Award, di,: rc_pund:rit to ww•ltutu t C'unira:t is
awarded Nvi11 be required to execute, in four (4) counterparts. each of which shall be deemed
an original, including but not limited to, the prescribed Contract Document and if applicable,
Performance and Payment Bonds within ten (10) calendar days from the date of notice to him
that the Contract document is ready for. execution. The required Insurance Certificates and
Policies, as stated in the General Covenants and Conditions, shall also be delivered within this
ten (10) day period.
The Respondent further agrees that, in the event be Nvitht.iruW s Iiis liii.l, after proper notification of
intent to Contract from the County, within ninety (90) days after the date of the submittal
package opening, or fails to comply with all requirements to contract with Miami -Dade County
or in the event he fails to comply with the Contract Documents or in the event he fails to enter
into a written Contract with Miami -Dade -County, Florida, in accordance with the submittal
package as accepted and provide required Bond(s) with good and sufficient surety and provide
the necessary Insurance Certificates, as may be required, all within ten (10) days after the
prescribed forms are presented to him for signature, the check or Bid Bond accompanying his
submittal package , and the monies payable thereon, shall become the property of and be retained
and used by Miami -Dade -County as Iiquidated damages, and not as a penalty; otherwise, the
certified check or Bid Bond shall be returned by Miami -Dade -County to the undersigned.
By executing this instrument Surety agrees that its obligation is not impaired by any extension(s)
of the time for acceptance of the bid that the Principal may grant to the County. Notice to the
Surety of extensions is waived. However, waiver of the notice applies only to extensions
aggregating not more than sixty (60) calendar days in addition to the period originally allowed
for acceptance of the bid.
Any changes in or under the Contract Documents and compliance or noncompliance with any
formalities connected with the Contract or the changes does not affect Surety's obligation under
this Bond.
I of 2 Published I2/27/04
SURETY BID BOND (Cont'd)
IN WITNESS WHEREOF, the above bounden parties have caused this Bond to be executed
by their appropriate officials as of the 26th tiny 0 rSeptember ^0 07
COUNTERSIGNED BY RESIDENT
FLODA AGENT OF SURETY:
c ael onet
CONTRACTOR
Metro Express, Inc.
(Contractor Name)
B \.[��..�
fI'arutcr\'eillurcrl
(SEAL)
SUArcF Insurance Company
(Copy of Agent's current
Iden ification Card as issued by
State of Florida Insurance Commissioner must be attached) By:
(CORPORATE SEAL)
Michael.Bonet
Attorney-ift-Fact
(Power of Attorney must be attached)
2 of 2 Published 12/27/04