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AIA Document A310 — 2010 i Bid Bond CONTRACTOR. SURETY. OAC Action Construction Corp . Capitol Indemnity Corporation 12540 S .W. 130th Street, Suite 3 P .O . Box 5900 Miami , FL 33186 Madison , WI 53705 - 0900 OWNER: Indian River County Board of County Commissioners 1801 27th Street Vero Beach, FL 32960 i BOND AMOUNT. Five Percent of Amount Bid (5% of Amount Bid) PROJECT. Historic Dodgertown Room Renovations, Bid No. 2014003. 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 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, and gives such bond or bonds as may be specificed in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof: or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specifrfied in said bid and such larger amount forwhich the Owner may In good faith contract with another party to perform the work covered by said bid, then this obligation shall be null and void, otherise to remain in full force and effect. The Surety hereby waives any notice of 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 shall not 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 herefrom and provisions conforming to such statutory or other legal requreiment 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. Signed and sealed this 11th day of 0ct9ber 2013 i Witness/Attest: OA7(X�� tion Corp . By** (Principal) U s f // Capitollndemni Corporation (Surety) By: By: Warren Alter, Attorney-in-Fact This document conforms to AIA Document A310 - 2010 BID BOND . THE AMERICAN INSTITUTE OF ARCHITECTS , 1735 NY AVE NW , WASHINGTON , DC 20006 .