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Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 Bid Bond CONTRACTOR: (Name, legal status and address) Green Construction Technologies, Inc. 2130 N.E. 15th Terrace Wilton Manors FL 33305 OWNER: (Name, legal status acrd address) Indian River County Purchasing Division 1800 27th Street Vero Beach FL 32960 SURETY: (Name, legal status and principal place r fhrecinesv) United States Fire Insurance Company 305 Madison Avenue Morristown NJ Mailing Address for Notices (Same as Above) BOND AMOUNT: 5% Five Percent of Amount Bid 07962 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: tti'arrre, location or address audl'rojecruumber, ifmq% U. S. Highway 1 Landscaping - South County Line to Oslo Road (IRC -1631) - Bid No. 2019016 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 arc such that if the Owner accepts the bid of the Contractor within the time specified in the bid documents, or within such tine 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 1'roiect 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 perlimn the work cowered by said bid, then this obligation shall be null and void, otherwise to remain in 11611 lorce and ell'ecl. The Surely hereby waives any notice of aft agreement between the Owner and Contractor to extend the time in which the Owner may accept the hid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the lime tier acceptance ol'bids specilied in the bid documents, and the Owner and Contractor shall obtain the Surety's consent liar an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid ton Contractor, the temt Contractor in this Bond shall be deemed to be Subcontractor and the terns Owner shall be deemed to be Contractor. When this Band has been furnished to comply with a statutory or other legal requirement in the location of the Project. any pnwision in this Bond conflicting %with said statutory or legal requirement shall be deemed deleted herelrom and provisions confibmting to such statutory or other legal requirement shall be deemed incorporated herein. When so lumished, the intent is that this Bund shall be construed as a statutory bond and not as a common law bond. Signed and scaled this 3rd day of October, 2018. tiritness) Olga Iglesias S-0054/AS 8110 Green Construction Technologies, Inc. (Principal)- (Seal) (17th):_ United States Fire Insurance Company (,titrret)) (Seal) By: (Title)Charles J. Nielson , Attorney-I—n-Fact