PUBLIC CONTRUCTION BOND - CM @ RISK PROPOSALBond No
PUBLIC CONSTRUCTION BOND
(1)
This bond is given to comply \pith ` 255.05. Horida Statutes. and any action instituted by a claimant under this pond for
payment must he in accordance with the notice and time limitation provisions in subsections (2) and ( 10).
Pursuant to § 255.1)5(1 lib). Florida Statute;. "Before commencing the work or before recommencing the work after a
default or abandonment. the contractor shall provide to the public entity a certified cony of the recorded bond.
Notw ithstandin<g the terms of the contract or any other law governing prompt payment for construction services, the public
entity may not make a payment to the contractor until the contractor has complied with this paragraph."
CONTRACTOR
KEYSTONE EXCAVATORS, INC.
371 SCARLET BLVD.
OL.DSMAR, FI. 34677
813-854-2342
Si RETY
TI IE OHIO CASUALTY
INSURANCE COMPANY
9721 EXECUTI VE CEN l ER DR., S tE 105
ST. PETERSBURG, FL 33702
727-568-8728
OWNER
City of Clearwater
Parks & Recreation Dept
100 S. Myrtle Avenue
Clearwater, FL 33756
(727) 562-4285
PROJECT NAME: McKay Park Site Improvements
PROJECT NO.: TBD
PROJECT DESCRIPTION: Overall site improvements 10 include: Installation of Picklebcrll Courts, Storm Pipe,
Sidewalks, Curbs. and Fencing.
BY THIS BOND, We, KEYSTONE EXCAVATORS, INC, as Contractor, and THE OHIO CASUALTY INSURANCE
COMPANY, a corporation, as Surety, are bound to the City of Clearwater, Florida, herein called Owner, in the sum of
S1,337,048.04, for payment of which we bind ourselves, our heirs, personal representatives, successors, and assigns, jointly
and severally.
THE CONDITION OF THIS BOND is that if Contractor:
1. Performs the proposal dated May 29, 2024, between Contractor and Owner for construction of McKay Park Site
Improvements, the contract documents being made a part of this bond by reference (which include the Advertisement for
Bids, Proposal, Contract, Surety Bond, Instructions to Bidders. General Conditions, Plans, Technical Specifications and
Appendix, and such alterations as may he made in said Plans and Specifications as therein provided for), at the times and
in the manner prescribed in the contract; and
2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida Statutes, supplying Contractor
with labor, materials, or supplies, used directly or indirectly by Contractor in the prosecution of the work provided for in
the contract; and
3. Pays Owner all losses, damages, expenses, costs, and attorney's fees, including appellate proceedings. that Owner
sustains because of a default by Contractor under the contract; and
Bond No.:
PUBLIC CONSTRUCTION BOND
(2)
To the limits of § 725.06(2). Florida Statutes. shall indemnih and hold harmless Owner. their officers and
employees, from liabilities, damages, losses and cost,. including. but not limited to, reasonable attorney's fees, to the extent
caused hs the negligence, recklessness. or intentional wrongful misconduct of Contractor and persons employed or utilized
by Contractor in the performance of the construction contract, and
Performs the guarantee of all work and materials furnished under the contract for the time specified in the contract.
then this bond is void; otherwise it remains in full force.
6. Any action instituted by a claimant under this bond for payment must he in accordance with the notice and time
limitation provisions in Section 255.05(2), Florida Statutes.
7. 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. and Surety does hereby waive notice
of any such change, extension of time. alteration or addition to the terms of the contract or to the work or to the specifications.
IN TESTIMONY WHEREOF, witness the hands and seals of the parties hereto this day of
. 20
Of sole Ownership or Partners/rip, two (2) %yitnesses required).
(/f Corporation, Secretary only will cutest and gliix seal).
WIT,1i SS:
,f ass
Corporate Secretary or Witness
Print Name: Christie Truxton
(affix corporate seal)
Keystone Excavators, Inc.
By:
Title:
Print .'ate: kir Truxton
WITNESS:
Print Name:
The Ohio Casualty Insurance Company
By:
ATTORNEY-IN-FACT
Print Name: Warren M. Shrum, Jr.
(affix corporate seal)
(Power of Attorney Hurst be attached)
;'! 4 I
1. ;1,,
May 30, 2024
To.
KEYSTONE EXCAVATORS, INC.
CM @ Risk Proposal
Mr. Craig Wilson
Parks Senior Division Manager
City of Clearwater
100 S. Myrtle Ave., Suite 120
Clearwater, FL 33756
RE: Clearwater Parks & Recreation -- McKay Park Site Improvements
City Project No.
As requested, enclosed is the proposal for site improvements at McKay Park for a
Guaranteed Maximum Price of $1,337,048.04.
Scope of Work:
Overall site improvements to include; Installation of Pickleball Courts, Storm Pipe,
Sidewalks, Curbs, and Fencing.
Cost Detail:
Cost of Work
Description
Subtotal
General Conditions (Bond)
Contingency 10 %
Guaranteed Maximum Price
Amount
$ 1,194,206.25
$ 1,194,206.25
$ 26,850.00
$ 115,991.79
$1,337,048.04
Project Duration shall be _180_ calendar days from the date of the Notice to Proceed.
KEN.SToNF. EXCAVATORS, ORS, INC'.
Exist:n,4 This proposal is submitted in conjunction with the existing Construction
Manager at Risk Services Continuing Contract entered into with the City of Clearwater on Auuust
21, 2020. based on RFO #40-20.
1f t ti1P Exceeds 5150,000: Per Section 111, Article 5.1 of the Contract Specifications. the
contractor shall prox idc to the public entity a certified copy of the recorded bond. Once the City
receives a certified copy of the recorded bond. a Notice to Proceed may be issued. Include the
attached bond form as well as the Power of Attorney.
For work performed, invoices shall be submitted to the City of Clearwater. Parks Department.
Attention: Craig Wilson, 100 S. Myrtle Avenue, Suite 120, Clearwater, Florida, 33756.
Contingency services may he billed only after written authorization is provided by the City to
proceed with those services.
KEYSTONE EXCAVATORS, INC.
By:
I ruxton, President
CITY OF CI,EARWATER, FLORIDA
Date
Approved as to form: Attest:
— Melissa Isabel
Senior Assistant City Attorney
Countersigned:
Bruce R
Mayor
By:
-r ; Rosemarie Call
City Clerk
Poirrier
y anager
Date Date