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6601544 4 SECTION 00430 - BID BOND J KNOW ALL MEN BY THESE PRESENTS, that we (BIDDER`S NAME ) Timothy Rose Contracting , Inc . as Principal , and Developers Surety & Indemnity Company (SURETY S NAME) a corproration duly organized under the Laws of the State of Florida as a Surety with its principal offices in the City of PI a n t a t i on and authorized to do business in the State of Florida ,. are held and firmly bound unto INDIAN RIVER COUNTY ( hereinafter called the . _ OWNER ) in the penal sum of F i v e Percent of Bid Amount Dollars ($ 5 of Bid ) , laWful money of the United States , .amounting to 5 % of the total bid price , for the payment of which. sum well and truly be made , we bind . ourselves , our heirs , executors , administrators , and successors , jointly and severally',�firmly by these presents . .Wliereas said -Principal- is herewith submitting a Bid dated ` March 3 2004 Jbr the construction of: Project Name : 41h Street Widening U .S . 1 to West of Old Dixie - County Project Number 9205 Project Address : The project location 41" Street from U . S . 1 to West of Did Dixie Vero Beach , Florida ProjecUDescription : Construction of Widening and Drainage Improvements NOW THEREFORE , the condition of the above obligation is such that if the Principal does not wI hdraw said Bid within the . period of time set forth in the Bid Documents , and on or before the fifteenth day after the Notice -of Award , the Principle enters into a written contract with the OWNER in accordance with the Bid as accepted , and if the Principal gives the required bonds with good and sufficient sureties for the faithful performance and proper fulfillment of such Contract and for the protection, of laborers and materialmen , then this obligation shall be null and ., q7oid .= Other " se , the �rincipal and Surety, jointly and severally, shall on or before the TJA4 ieth day after -request by the OWNER , pay to the OWNER in money, the difference between the amount specified in said Bid and the amount for which the OWNER may procure the`required work if the latter amount is greater than the former, together with any expense and reasonable attorney fees , including appellate proceedings , incurred by the OWNER if suit is brought hereon , but in no event shall Surety's liability exceed the penal sum hereof plus such expenses and attorney' s fees . 110 IN WITNESS WHEREOF , the above-bound parties have executed this instrument under their several seals this 2 7 day of February , 20 04 the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative pursuant to authority of its governing body. 5104/01 BID BOND 0430 - 1 F :\Public Works\Capital Projects\Fourth Streot-Old D1x1e-US1 \CONTRACT DOCUMENTS\00430. 131d [3ond .doe