Laserfiche WebLink
Document A310TM — 2010 <br />Conforms with The American Institute of Architects AIA Document 310 <br />Bid Bond <br />CONTRACTOR: SURETY: <br />(Nu ne, legal sialtrs.and address) (Name, legal status and principal phtce r f business) <br />Timothy Rose Contracting, Inc. <br />1360 SW Old Dixie Highway Suite 106 <br />Vero Beach, FL 32962 <br />Hartford Fire Insurance Company <br />One Hartford Plaza <br />Hartford, CT 06155-0001 <br />OWNER: <br />(Name, legal status and address) <br />Indian River County Purchasing Division, Room B1-301 <br />1800 27th Street <br />Vero Beach, FL 32960 <br />BOND AMOUNT: $ 5% Five Percent of Amount Bid <br />PROJECT: <br />(Name, location or address, and Project number, lion)) <br />Vero Lake Estates 85th Street Millings From 101st Avenue to 96th Avenue <br />2019012 <br />This document has important <br />legal consequences. Consultation <br />with an attorney is encouraged <br />with respect to its completion or <br />modification. <br />Any singular reference to <br />Contractor, Surety, Owner or <br />other party shall be considered <br />plural where applicable. <br />- Project No. IRC -1628 - Bid No. <br />The Contractor and -Surety arc bound to the Owner in the amount set forth above; for the payment of which the Contractor and Surety bind <br />themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this <br />Bond arc such that if the Owner acceptsthe bid of the Contractor within the time specified in the bid documents, or within such time.period <br />as may be agreed to by the Owner -and Contractor, and the Contractor either (1) enters into a contract with the Ower in accordance with <br />the terms of such bid, and gives such bond or bonds as May be specified in the bidding or Contract Docuimcnts, with a. surety admitted in <br />the, jurisdiction dale Project and otherwise acceptable to the Owner, for the'faithful performance of such Contract and for the prompt <br />payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owner the difference, not to exceed the -amount of <br />this I3ond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another <br />party to perlbrm the Work covered by said hid, then this obligation shall he null and void, otherwise to remain in full force and effect. The <br />Surety hereby waives any notice oIaii agreement between the Owner and Contractor to extend the time in which the Owner may accept the <br />hid. Waiver .1 notice by the Surety shall not apply to any extension exceeding sixty (60) days in the. aggregate beyond the time for , <br />acceptance of bids speoilied in the bid documents; and the Owner and Contractor shall obtain the Surety's consent for an extension beyond <br />sixty. (60) days. <br />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 <br />Subcontractor and the term Owner shall be deemed to be Contractor. <br />When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project, any provision in <br />this Bond conflicting with said statutory or legal requirement shall he deemed deleted herelrom and provisions confbmting to such <br />Statutory or other legal requirement shall be deemed. incorporated herein. When so furnished, the intent is that this Bond shall be construed <br />as -a statutory bond and not asa common law bond. <br />Signed and scaled this 15th day of <br />May, 2019 <br />(Witness) <br />(Witness) D nia Banks <br />Timothy Rose Contracting, Inc. <br />(Principal) <br />(Sea!) <br />PreAdt“-- <br />`(!'illi) <br />Hartford <br />;insurance Company <br />(Surety) jf y /� �: s 15ea!) <br />By: <br />(Til/e)Charl4s J. Nielson Attorney -in -Fact <br />S-0054/AS 8/10 <br />