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a , THE AMERICAN INSTITUTE OF ARCHITECTS AIA Document A310 Bid Bond KNOW ALL MEN BY THESE PRESENTS, that we Dickerson Florida, Inc . as Principal, hereinafter called the Principal, and Travelers Casualty and Surety Company of America a corporation duly organized under the laws of the State of Connecticut as Surety , hereinafter called the Surety , are held and firmly bound unto Indian River County Board of County Commissioners as Obligee, hereinafter called the Obligee, in the sum of five percent ( 5 %) of the amount bid --- --------- ......—....... ------ for the payment of which sum well and truly to be made, the said Principal and the said Surety , bind ourselves , our heirs , executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS , the Principal has submitted a bid for 53RD St. Roadway Improvements I . R . F. W. C . D. Lateral H Canal to Indian River Boulevard - Bid Number 2011011 Indian River County, Florida NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the PrincJpal shall enter into a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may 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 Signed and sealed this 8th day of October 2010 . Dickerson Florida, Inc . ( Q (Seal) (bYrthless) By : `1 (Titre) Travelers Casualty and Surety Company of A r' a fS ( ai g r (77tre) Karen K. Beard, Attorney-in -Fact and Florida Licensed Agent AIA DOCUMENT A310 • BID BOND • AIA 0 . FEBRUARY 1070 ED . THE AMERICAN INSTITUTE OF ARCHITECTS, 1796 N.Y. AVE., N.W., WASHINGTON, D.C. 20000 " Inquiries 828 -236- 1000 "