Williams Paving Co. - Exhibit 7 Payment Bond EXHIBIT 7
PAYMENT BOND
Nielson, Hoover & Associates
Bond Department
Public Works Bond
In compliance with Florida Statutes 255,05(1)(a)
Bond No. 964 -014 -198
Contractor Williams Paving Co., .Inc.
Address 11300 Northwest South River Drive
Medley, Florida 33166
Phone No. (305) 882 -1950
Surety Company Liberty Mutual Insurance Company
Address 175 Berkeley Street
Boston, Massachusetts 02116
Phone No. (617) 357-9500
'Owner Name The City of Miami Beach
Address 1700 Convention Center Drive
Miami. Beach, Florida 33139
Phone No. (305) 673 -7234
Contract/Project. No. 1113 No. 37/09 -10
Project Name For job Order Contracting - Streetscape Utilities
Construction Projects
Project Location Various Locations
Legal Description N/A - Various Locations
and Street Address throughout The City, of Miami Beach
Description of Work Streetscaping Utilities - (paving and drainage work)
Front Page
All other bond page(s) are deemed subsequent to this page regardless
of any page number(s) that may be preprinted thereon.
Bond No. 964- 014 -198
Project Manual Form of Payment Bond
00915 FORM OF PAYMENT BOND
BY THIS BOND, We WILLIAMS PAVING CO., INC. as
Principal, hereinafter called CONTRACTOR, and Liberty Mutual Insurance Company as Surety,
are bound to the City of Miami Beach, Florida, as Obligee, hereinafter called CITY, in the •
amount of an initial One Million Dollars ($1,000,000) for Streetscape Utilities, for the
payment whereof CONTRACTOR and Surety bind themselves, theft heirs, executors,
administrators, successors and assigns, jointly and severally.
WHEREAS, CONTRACTOR has by written agreement entered into a Contract,
Bid /Contract No.: 37 -09/10 , awarded the 21St day of October , 20 10 , with
CITY which Contract Documents are by reference incorporated herein and made a part
hereof, and specifically include provision for liquidated damages, and other damages
identified, and for the purposes of this Bond are hereafter referred to as the "Contract ";
THE CONDITION OF THIS BOND is that if CONTRACTOR:
1. Pays CITY all losses, liquidated damages, expenses, costs and attorneys fees
including appellate proceedings, that CITY sustains because of default by
CONTRACTOR under the Contract; and
2. Promptly makes payments to all claimants as defined by Florida Statute 255.05(1)
for all labor, materials and supplies used directly or indirectly by CONTRACTOR in
the performance of the Contract;
THEN CONTRACTOR'S OBLIGATION SHALL BE VOID; OTHERWISE, IT SHALL
REMAIN IN FULL FORCE AND EFFECT SUBJECT, HOWEVER, TO THE FOLLOWING
CONDITIONS:
2.1. A claimant, except a laborer, who is not in privity with CONTRACTOR and
who has not received payment for its labor, materials, or supplies shall,
within forty -five (45) days after beginning to furnish labor, materials, or
supplies for the prosecution of the work, furnish to CONTRACTOR a notice
that he intends to look to the bond for protection.
2.2. A claimant who is not in privity with CONTRACTOR and who has not
received payment for its labor, materials, or supplies shall, within ninety (90)
days after performance of the labor or after complete delivery of the
materials or supplies, deliver to CONTRACTOR and to the Surety, written
notice of the performance of the labor or delivery of the materials or supplies
and of the nonpayment.
2.3. No action for the labor, materials, or supplies may be instituted against
CONTRACTOR or the Surety unless the notices stated under the preceding
conditions (2.1) and (2.2) have been given.
July 2010 City of Miami Beach Page 165 of 185
Project Manual Form of Payment Bond
2.4. Any action under this Bond must be instituted in accordance with the Notice
and Time Limitations provisions prescribed in Section 255.05(2), Florida
Statutes.
The. Surety hereby waives notice of and agrees that 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 the Surety's obligation under this Bond.
Signed and sealed this �� day of / fa . 20 /0
WITNESSES:
/ '/
` u / Williams Pav"' g Co /
Name of /�.rp rfr
t�pY1f�(P� Srv:14-11 By
- (Secretary) / ( /■nature
'(:CORPORATE SEAL)
Alan B. Rodriguez, Vice President
r.. (Type Name/Title Signed Above)
IN THE PRESENCE OF: 1NSURA CE COMPANY
Liberty ual Insurance Company
By
Agent and Attorney-in-Fact
Charles D. Nielson Y ,.
175 Berkeley Street .�}
(Address: Street)
Boston, Massachusetts 02116
(CitylState /zip)
Telephone No.: (617) 357-9500
July 2010 City of Miami Beach Page 166 of 185