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THE AMERICAN INSTITUTE OF ARCHITECTS <br />AIA Document A310 <br />Bid Bond <br />KNOW ALL MEN BY THESE PRESENTS, THAT WE Ocean Gate General Contractorst Inc. <br />2854 SE Federal Hwy, Stuart FL 34994 <br />as Principal, hereinafter called the Principal, and The Hanover Insurance Company <br />440 Lincoln Street Worcester MA 01653 <br />a corporation duly organized under the laws of the State of NH <br />as Surety, hereinafter called the Surety, are held and firmly bound unto Indian River County Board of County Commissioners <br />as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Amount Bid <br />Dollars ($ 5% � <br />for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, <br />executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for Wabasso Beach Park Restoration <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with <br />the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or <br />Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt <br />payment of labor and materials furnished in the prosecution thereof, or in the event of the failure of the Principal to enter <br />such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the <br />penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith <br />contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise <br />to remain in full force and effect. <br />Signed and sealed this <br />�71V����t: <br />Jason Katz <br />9th day of April , 2008 <br />Ocean Gate General Contractors, Inc. <br />n 41 (seaq <br />The Hanover Insurance Company <br />ccuratyl (seal) <br />AIA DOCUMENT A310 • BID BOND • AIA • FEBRUARY 1970 ED. • THE AMERICAN <br />INSTITUTE OF ARCHITECTS, 1735 N.Y. AVE., N.W., WASHINGTON, D.C. 20006 <br />