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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 <br /> Goodson Paving , Inc . , 630 Cidco Road , Cocoa , FL 32926 <br /> as Principal , hereinafter called the Principal , and <br /> The Hanover Insurance Company, 440 Lincoln Street, Worcester, MA 01653 <br /> a corporation duly organized under the laws of the State of New Hampshire as Surety , hereinafter called the Surety , <br /> are <br /> held and firmly bound unto <br /> Indian River County, Florida <br /> 1801 27th Street Vero Beach , FL 32960 =3365 <br /> as Obligee , hereinafter called the Obligee , in the sum of FIVE Percent of the amount bid <br /> Dollars ( $ ) <br /> for the payment of which sum well and truly to be made , the said Principal and the said Surety , bind ourselves , <br /> our heirs , <br /> executors , administrators , successors and assigns , jointly and severally , firmly by these presents . <br /> WHEREAS , the Principal has submitted a bid for <br /> Old Dixie Highway Sidewalk Improvements from 38th Lane to 65th Street <br /> NOW , THEREFORE , if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract <br /> with the <br /> Obligee in accordance with the terms of such bid , and give such bond or bonds as may be <br />specified in the bidding or <br /> Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment <br /> of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter <br /> such Contract <br /> and give such bond or bonds , if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof <br /> between <br /> the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another <br /> party <br /> to perform the Work covered by said bid , then this obligation shall be null and void , otherwise to <br /> remain in full force and <br /> effect . <br /> Signed and sealed this 1stday of June 2011 . <br /> Goodson Paving , Inc. <br /> rincipal ) ( Seal ) <br /> (Witness) <br /> OH /l ' O ST1 FP'Plf - - VV! , fl'oopenrT <br /> The Hanover Insurance Company <br /> ( Surety (Seal ) <br /> Witness ) <br /> Beniam n H . French . Attomev- in - Fact <br /> & Florida Licensed Resident Agent <br /> AIA DOCUMENT A310 - BID BOND - AIA - FEBRUARY 1970 ED - THE AMERICAN INSTITUTE OF <br /> ARCHITECTS 1735 N . Y . AVE . N . W . WASHINGTON , D . C . 20006 <br /> G-23248-A <br />