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CONTRACTOR: (Name, legal status and address) Sunshine Land Design, Inc 3291 SE Lionel Terrace Stuart, FL 34997 OWNER: (Nance, legal status mud address) Indian River County 1801 27th Street Vero Beach, FL 32960-3365 BOND AMOUNT: 5% C�c�py Document A310 TM -2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: (Name, legal status and principal place ofhuviness) Philadelphia Indemnity Insurance Company One Bala Plaza East, Suite 100 Bala Cynwyd, PA 19004-1403 Mailing Address for Notices One Bala Plaza East, Suite 100 Bala Cynwyd, PA 19004-1403 Five Percent of Amount Bid PROJECT: ,(.'Name, location or address mtdi'rojectnumber, ifmlt% 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. Indian River Blvd and Grand Harbor Blvd Signalization Rebid BID No: 2019-076 PROJECT NO. IRC -1806 i 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 hairs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond are slrch 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 Otwner 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 specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perlbrm the work covered by said bid, then this obligation shall be null and void, otherwise to remain in fill lbrce and effect. The Surety hereby waives any notice ol'an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiverol'notice by the Surely shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time liar acceptance ol'bids specified in the bid docunnents, and the Owner and Contractor shall ()blain the Stiret)• s consent liar 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 ilia term Owner shall be deemed to be Contractor. When this Bond has been fiimishcd to comply with a stalutory or other legal requirement in the location ol'the Project, any provision in this Bond conllicling with said statutory or legal requirement shall be deemed deleted heretcom and provisions conibm" ling to such statutory or other legal requirement shall be &erred incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common lawibond. Signed and scaled this h day of September, 2019 ( Miessy L Baker S-0054/AS 8110 Sunshine Land Design, Inc (Principal) (seal) B: 4��OLL (Title) rQ }o(1, V . Philadelphian Indemnity Insurance Company (.Sure!}) By: (Ttile) An nette Wisong j , Attorney -in -Fact