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-1 . Document A31 OTM 2010 IN Bid Bond CONTRACTOR: SURETY: (Name, legal status and address) (Name, legal status and principal place COMMUNITY ASPHALT CORP. of business) . 7795 Hooper Road TRAVELERS .CASUALTY AND SURETY West Palm .t3each, FL 33411 COMPANY OF AMERICA This document has Important legal IN 111 One Tower Square . consequences, Consultation with Hartford, CT 06183 IN INNER: an attorney Is encouraged with (Name legal status and address) respect to its completion or NNI INDIAN RIDER COUNTY BOARD OF COUNTY COMMISSIONERS modification. Any singular reference to 1601 27thSiresIN t;Vero Beactr, FL 32960 Contractor, Surety, Owner or IN BOND AMOUNT: Five paroent of amount bid. other party shall be considered -IN (5% of Amount Bid) plural where applicable. PRQJECT: (lYania, location or address, and Project number, if any) B10M. 2013007: Indian River Blvd . Resurfacing (41 st to 53rd Street) Project Number, if any: The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and IF severally, . as provided herein The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time specified.in the .bid documents, or within such time period as may be agreed to by the Owner and Contractor, and the Contractor either (1). enters into a contract with the Owner in accordance with the terms of such- - bid, andgives Bach bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the juimt diction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract df for protpprosecution thereof; or (2) pays to the Owner the differeto exceed the amount of this Bores, between the amount specified in said bid and such larger amount for which the Owner tray in good faith contract with another party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of IN an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shallnot apply :to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety 's consent for an extension beyond sixty :(60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project; any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrotn and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Si ed this 6th day of November, 2012 COMMUNITY ASPHA OR , (Principal) (Sep!) (Title) r , TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA tress) (Sur e (Tlt f Joseprh M. Pietrangelo, AttoZW in Fact AIA Document A3101m - 2010. Copyright 01863, 1970 and 2010 by The American Institute of Architects All rights reserved.