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A310 - 2090 Bid Bond C N R,V,70 - SIFEN., This document has important legal Hinterland Group, Inc: Berkley Insurance Company consequences. Consultation with an q 475 Steamboat Road attorney is encouraged with respect to its Greenwich, CT 06B30 completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. Indian River County '1800 27th Street, Vero Beach, Florida 32960 WNDAM LKr.$ Five Percent of Bid Amount (5%) PFU Ec.'r: Blue Cypress Lake Road Culvert Replacement IRC -1758 2018033 The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Conuxtetor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond ate 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 die prosecution thereof; or (2) pays to die Owner the difference, not to exceed the amount of tis 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 die 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 terns Owner shall be deemed to be Contractor. When this Bond has been finmished to comply with a statutory or other legal requirement in the location of the Project, any provision '81$11611111111"" this Bond conflicting %vith said statutory or legal requirement shall be deemed deleted hercfrom and provisions confornthtg to sue111o`` Ad G r . statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall bo$' 4\ • •' " construed as a statutory bond and not as a common Iaw bond. . c: GpRPOF. Signed mid seated this 22 day of January 2018 _' _ : SEA' Hinterland Group, Inc. June 2. pincpao 0001 (II'ilnesrJ '.,r 0 (tom) Berkley Insurance Company (S-0 Daniel F. Wagner �� attorney in fact