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THE AMERICAN INSTITUTE OF ARCHITECTS AIA Document A310 Bid Bond KNOW ALL MEN BY THESE PRESENTS, that we Underwater Engineering Services, Inc. 3306 Enterprise Road Fort Pierce, FL 34982 as Principal, hereinafter called the Principal, and Lexon Insurance Company 240 Cedar Knolls Road, Suite 404 Cedar Knolls, NJ 07927 A corporation duly organized under the laws of the State of Texas as Surety, hereinafter called the Surety, are held and firmly bound unto Indian River County Florida 1800 27th St, BId B Vero Beach, FL 32960 as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Total Amount Bid (5%) for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for Wabasso Causeway Fishing Pier Demolition Project Project No. IRC -1712; Bid No. 2019035 NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms, of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee 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. Signed and sealed this 28th beth Schneider, Witness Surety Day of March, 2019 Underwater En • ineerin • Services, Inc. (Pr - .� 441M10(Title Tr Opel Lexon Insurance Company (Seal) (Seal) (Title Le lie A. Worley, Attorney In Fact Florida Non -Resident License No. W245125 Printed in cooperation with the American Institute of Architects (AIA). The language in this document conforms exactly to the language used in MA document A310, February 1970 ED..