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THE AMERICAN INSTITUTE OF ARCHITECTS AIA Document A310 7 Bid Bond FOND P BB0241 9 INOW ALL MEN BY THESE PRESENTS , that we Timothy Rose Contracting , Inc . 1360 SW Old Dixie Hwy _ , Ste 106 (HcrtimCArullturnL ,andaddresork:galtitle ofContractor) Vero Beach , FL 32962 as Principal, hereinafter called the Principal, and DevelopPYa Rtirr� tty anrd Tnrdemni +- y Company a corporation duly organized under the laws of the State of :I owa as Surety, hereinafter called the Surety, are held and fsrnly boundunu, Indian River County 1800 27 Street , Vero Beach , FL 32960 (He`c imert full twit ,and address or legal title or Owner) as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Amount Bid-- -Dollars ($ 5 % ) , for the paytnent 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 Principalllassubmittedabid for North WTP RAw Water Transimision System North County WTP Bid No . 2010024 (HMC insert full tumC, address and dtscription of project) NOW, THEREFOR);, if the Obligee shall accept the bid of the Principal and the Principal 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 scaled this 20 dayofianuary 2010 Timothy Rose Contracting , Inc . (Principal) (Seal) (Witness) Te Tiiot y use President _.op s Surety and Indemnity Company to ) (Seal) ( Witness ) (Title)Robert Barra Attorney In Fact ALA DOCUMENT A310 IIID BOND AIA O 1=E$RUARY 1970 ED THE AMERICAN I \LSTlofiYrF. OFARCHlorrCloS, 1735 N.Y . AVE_, Now. WASHINGTON, D,C_ 20006 Y WARWNG: Unlicensed photocopying violates U.S . copyright laws and is subject to legal prosecution ,