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Bond No BID <br />BID BOND <br />The American Institute of Architects, <br />AIA Document No. A310 (February, 1970 Edition) <br />KNOW ALL MEN BY THESE PRESENTS, that we SUMMIT CONSTRUCTION OF VERO BEACH, LLC <br />2837 Flight Safety Drive. Vero Beach. FL 32960 <br />as Principal hereinafter called the Principal, and Old Republic Surety Company <br />a corporation duly organized under the laws of the state of Wisconsin as Surety, hereinafter called the Surety, <br />are held and firmly bound unto Indian River County Board of County Commissioners <br />as Obligee, hereinafter called the Obligee, in the sum Five Percent of Amount Bid <br />Dollars ($ 5% of Bid ), for the payment of which sum well and truly to be made, the said Principal and the <br />said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly <br />by these presents. <br />WHEREAS, The Principal has submitted.a bid for INDIAN RIVER COUNTY COURTHOUSE JUDGES SECURITY <br />UPGRADE PROJECT; Bid No. 2017050 <br />NOW, THEREFORE, if the Obligee shall accept the bid of -the Principal and the Principal shall enter into a Contract <br />with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified 'in the, <br />bidding or Contract Documents With good and sufficient surety for the faithful performance of such Contract and for <br />the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the <br />Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference <br />not t� exceed the penalty hereof between the amount specified in said bid and such larger amount for which the <br />Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation <br />shall be null and void, otherwise to remainin full force and effect. <br />Signed and sealed this 24th <br />ORSC 21328 (5/97) <br />day of May , 12017 <br />By: <br />SUMMIT CONSTRUCTION OF VERO BEACH, LLC <br />Principal (Seal) <br />WUhiam B. Schuh, President <br />r <br />Name/Title <br />Old Republic Surety Company <br />Surety (Seal) <br />By: <br />rney-m-Fact <br />es E. Dicicrneyer <br />