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>; i -AIA Document A310TM -2010 Bid Bond CONTRACTOR: SURETY: (Name, legal status and address) (frame, legal status and principal place JOHNSON-DAVIS INCORPORATED of business) 604 Hillbrath Drive LIBERTY MUTUAL INSURANCE COMPANY Lantana, FL 33462 175 Berkeley Street This document has important -legal Boston, MA 02116 consequences. Consultation with an attorney is encouraged with OWNER: respect to Its completion or (Name, legal status and address) INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONER modification. 1800 27th Street, Vero Beach, FL 32960 Any singular reference to Contractor, Surety, Owner or BOND AMOUNT: Five percent of amount bid. other party shall be considered (5% of Amount Bid) plural where applicable. PROJECT: (Name, location or address, and Project number, if any) 74th Avenue & 1st Street SW Culvert - #2018024 Project Number, if any: The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor acid 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 terns 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 bid, then this obligation shall be null and void, otherwise 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 requirement shall bo a med in herein. When so furnished, the intent is that this Bond shall be construed as a statutory no d not as a common law bond. Signed a ealed this 19th day of January, 2018 JOHNSO - V ORPORATED (Prind i (Seal) (Witness) ..1vbi v pI e). r'^ LIBERTY MUTUAL INSURANCE COMPANY ure (Seal) (Witness) Lien Mier (n de) Maria Slgnorile, Attorney in Fact AIA Document AE107m — 2010. Copyright ®1963,1970 and 2010 by The American Institute of Architects. All rights reserved.