Reso 2009-1434 - Laserfiche WebLink

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. . MODrFICATIONS TO THIS BOND ARE AS FOllOWS: Sub paragraph 4.3 is added as follows: 4.3 Claimant has fumished to Surety proof of elaim duly sworn to by Claimant, along with adequate supporting documentation which proves the amount claimed is due and payable. Paragraph 5 is amended as follows: 5 If a notice required by paragraph 4 is given by Owner to the Contractor and to the Surety, that is sufficient compliance. Paragraph 6 is deleted in its entirety and the following is substituted in its place: 6 When the Claimant has satisfied the conditions of Paragraph 4, and has submitted all supporting documentation and any proof of claim requested by the Surety, the Surety shall, within a reasonable period of time, notify the Claimant of the amounts that are undisputed and the basis for challenging any amounts that are disputed, including, but not limited to, the lack of substantiating documentation to support the claim as to entitlement or amount, and the Surety shall, within a reasonable period of time, payor makc arrangements for payment of any undisputed amount; provided, howcver, that the failure of the Surety to timely discharge its obligations undcr this paragraph or to dispute or identifY any specific defense to all or any part of a claim shall not be deemed to be an admission of liability by the Surety as to such claim or otherwise constitute a waiver of the Contractor's or Surety defenses to, or right to dispute such claim. Rather, the Claimant shall have the immediate right, without further notice, to bring suit against the Surety to enforce any remedy availab]e to it under this Bond. . . . TIlis Bond has been furnished to comply with the requirements of Section 255.05, 7132~,. or 7132.45. Flo~da S~~. whichever is applicable. It is hereby amended such that all provisions and Jimitations, including CO~dltlOns, ~Otice. and time lImitations of the applicable statute are incorpofllled herein by reference. Any ptovision of this bond winch conflicts WIth or purports to grant broa~ or more expanded coverage in excess of the minimum requirements of the applicable statute shall be deemed deleted herefrom, ThIs bond is a statutory bond. not a conunon law bond. (Space is provided below for additional signahlres of added parties, other than those appearing on the cover page.) CONTRACTOR AS PRINCIPAL SURETY Company: (Corporate Seal) Company: Signature: Name and Title: Address: Signature: Name and Title: Address: S-2149GE 012008 Page 3 of 3