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CONTRACTOR: (Xiatte, legalmalavandaddrag) Advanced Roofing,lnc. 1950 NW 22ND Street Fort Lauderdale, FL 33311 OWNER: (Nance. legal status and addrrss) Document A310 TM - 2010 Conforms With The American Institute of Architects AIA Document 310 SURETY: (Monte, legal xtatas mrd prfnciptil place orf htnliwv.v) The Guarantee Company of North America USA One Towne Square, Suite 1470 Southfield, MI 48076 This document has important legal consequences. Consultation Mailing Address for Notices with an attorney Is encouraged with respect to its completion or modification. Indian River Board of County Commissioners 1801 27th Street Vero Beach, FL 32960 BOND AMOUNT: $ 5% Five Percent of Amount Bid Any singular reference to Contractor, Surely, Owner or other party shall be considered plural where applicable. PROJECT: Dante, locollorroradt/wn andl'mJectuatuher, ljaro) Bid No. 2017040 / Project No. 1705 - Indian River County Administration Complex Bldgs. A & B Roof Replacement Located at 1800 & 1801 27th Street, Vero Beach, FL 32960 The Contractor and Surety are bound to die Owner in the amount sct forth above, for the payment of which the Contactor and Surety bind themselves, their heirs, oxocutom administrators, successors and assigns, jointly and severally. as provided herein. The conditions of this Bond aro such .that if the Owncr accepts the bid of the Contactor within the time specified in the bid documents, or within such time period as may be agreed to by the Owner and Contactor, and tiie Contractor either (1) enters into a contract with the Owner in accordance with the temps of such bid, and gives such bond or bonds as nay, be specified in the bidding or Contact Documeu% with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful perforniance of such Contact and for the prompt payment of labor and material furnished in die 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 Ovviier may in good faith contract with miother laity it) perfiorm the work covered by said bid, then this obligation shall be null and void, othernise to remain in full force and ellect. The Surely hereby waives any notice of an agreement between the Owner and Contactor to extend the Onto in which die Owner may accept the Md. Waiver of native by the Surety shall not apply to any extension exceeding sixly (60) days in the aggregate beyond die time for acceptance of bids specilied in the bid documents, and [tic Owner and Gmlructor shall obtain the Surelyrs consent for an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractors bid to a Contactor, the term Contactor in this Bond shall bo docnned to be Subcontractor and the term Ow mcr shall be deemed to be Contractor. When this Mond has been furnished to comply vvith a statutory or other legal requirement in the location of the PrajecL any provision in this Bond conflicting with Said statutoryor legal requirement shall be deemed deleted hererrom and provisions conromming to such statutory or' other legal requirement sliall be deemed incorporated herein. When so furnished, the intent is that this Band shall be construed as a statutory• bond and not as a common law timid. Signed and scaled this 6th .day of March, 2017. Z— (11 mess) Michael `Kornahrens, V. P. (lfrfhtesvy S-00541AS 8110 Advanced Roofing,lnc. (Principal) (Sea/) By: mile) Robert P. Kornahrens, President The Guarantee Company of North America USA (Slowly) (Seal) By: (Tolle) Michael Marinottr�orneyiin