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Liberty mut>u��.l.� <br />SURETY <br />January 19, .2018 <br />Indian River County Purchasing Division <br />1800 27th St. <br />Vero Beach, FL 32960 <br />Att: Jennifer Hyde, Purchasing Manager <br />RE: Johnson -Davis, Incorporated as Contractor <br />Prequalification Bonding Letter <br />Dear Jennifer Hyde: <br />It is our understanding that you are considering Johnson -Davis, Incorporated as the contractor for <br />your construction project. We are prepared to provide surety bond credit for them well in excess <br />of your requirements as we entertain a single project bonding capacity of Thirty -Five Million <br />Dollars ($35,000,000) and a total aggregate bonding capacity in excess of Eighty Million dollars <br />($80,000,000). <br />Liberty Mutual Insurance Company has supported Johnson -Davis since 1999, and considers <br />Johnson -Davis, Incorporated to be one of our most valued clients. Liberty Mutual has never <br />declined a bond request for this fine account. Liberty Mutual Insurance Company is an "A" <br />(Excellent) rated carrier with a financial size category of XV ($2 billion+) by A.M. Best <br />Company, a US Treasury limit exceeding $1.3 billion and is licensed to do business in the State <br />of Florida. <br />A Performance and Payment Bond equal to one hundred percent of the contract amount is <br />subject to our review and acceptance of the contract terms and conditions, bond forms, <br />construction financing details and a satisfactory underwriting requirement review at the time of <br />the request. We assume no liability to third parties or to you by the issuance of this letter if for <br />an reason we do not execute such bonds. <br />Johnson -Davis is properly financed, well equipped and very capably managed. Their <br />construction team consistently brings their projects in within the budget and on time. Their <br />payment record is excellent and they enjoy an enviable reputation. <br />We highly recommend Johnson -Davis, Incorporated and should you have any questions or <br />require additional information, please contact Wes Williams at 404-264-3221. <br />Sincerely Yours, ; .. <br />LIBERTY MU'rUAL INSURANCE COMPANY <br />Maria Si 4or�ire, Attorney -in -Fact <br />