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Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: SURETY: (Mame, legal status and address) (Mane, legal stains and principal place C f hzcriness) Travelers Casualty and Surety Company of America Kast Construction Company, LLC 701 Northpoint Parkway, Suite 400 West Palm Beach, FL 33407 One Tower Square Hartford, CT 06183 OWNER: (Main, legal status and address) Indian River County Board of County Commissioners 1800 27th St. Vero Beach, FL 32960 BOND AMOUNT: $ 5% Five Percent of Amount Bid This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. PROJECT: (,'Farre, location or address andProjectlumber, ifant) Project No. 1135 Intergenerational Recreation Facility at South County Regional Park The Contractor and Surety arc 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 specified 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 specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perform the work covered by said hid, then this obligation shall be null and void, otherwise to remain in lull 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 tite time lbr acceptance of bids specified in the hid documents,, and the Owner and Contractor shall obtain the Surety's consent lbr 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 or the Project any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herelront and provisions conlonning to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond : hall be construed as a statutory bond and not as a common law bond. Signed and seated this 22nd day of October, 2014 (Witness) Je i r Stephens Kast Construction Company, LLC (Principal) By: Mao U i./62 , . re (Seal) Travelers Casualty and Surety Company of America (Surety) (Seal) By: l J�-- (Titie)Kevin Wojtowicz Attorney -in -Fact S-0054/AS 8/10