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THE AMERICAN INSTITUTE OF ARCHITECTS <br /> L <br /> AIA Document A310 <br /> Bid Bond <br /> KNOW ALL MEN BY THESE PRESENTS , THAT WE Ocean Gate General Contractors 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 /> 1801 27th Street Vero Beach , FL 32960 <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 />, <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 <br /> 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 <br />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 , <br /> otherwise <br /> to remain in full force and effect. <br /> Signed and sealed this 9th day of April 2008 <br /> Ocean Gate General Contractors , Inc . <br /> L4WnXJrI (Seaq <br /> � 717 �� �(Witness) _D <br /> The Hanover Insurance Company <br /> (Surety) (seat/ <br /> Jason Katz fitness) B • <br /> Attomey-in-Fact Brett Rosenhaus (Tide) <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 />