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=•- =AIA Document A310T"" —2010 CONTRACTOR: (.Name, legal status and address) COMMUNITY ASPHALT CORP. 2975 Industrial Boulevard Vero Beach, FL 32967 SURETY: (frame, legal status and principal place of business) LIBERTY MUTUAL INSURANCE COMPANY 175 Berkeley Street Boston, MA 02116 OWNER: (.Name, legal status and address) INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS 1800 27th Street, Vero Beach, FL 32960 BOND AMOUNT: Five percent of amount bid. (5% percent Bid) PROJECT: (.Name, location or address, and Project number, if any) Indian River County Project No. IRC -1305 Indian River County Bid No. 2018009 CR 512 Resurfacing & Shoulder Widening from Myrtle Street to 125th Avenue This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. 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 and 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 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 the prosecution thereof, or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specked 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 die 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 be deemed incorporated he;ei-t. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed andSealed S 15th day of June, 2018 COMMUNITY A PHALT CORP. _ (Principal) (Se, z,) (Il' .ss) Cert �1a V� tum ✓ `. (Title) s LIBERTY MUTUAL INSURA ECO ANY ' , I (Surety) (Seal) (Witness) Andrea E. Gorbert (Title I Anne Potter, Attorney in Fact AIA Document A310TM — 2010. Copyright O 1963, 1970 and 2010 by The American Institute of Architects. All rights reserved