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Bid Date: 10-16-19 THE AMERICAN INSTITUTE OF ARCHITECTS LPS iii�% Bid Bond KNOW ALL MEN BY THESE PRESENTS, that we _ Tern SvstPmS Inc 1801 N Wickham Rd Suite 3 Melbourme FL 32935 (Here insert full name and address or legal title of Contractor) as Principal, hereinafter called the Principal, and Contractors Bonding and Insurance Company (Here insert full name and address or legal title of Surety) 9025 N. Lindbergh Dr. Peoria, IL 61615 P 8 Bex 3867 Peeria, 16 61612 3967 a corporation duly organized under the laws of the State of Illinois as Surety, hereinafter called the Surety, are held and firmly bound unto Indian River County Board of County Commissioners (Here insect full name and address or legal title of Owner) 1800 27th Street Vero Beach FL 32960 as Obligee, hereinafter called the Obligee, in the sum of Five Percent of the Amount Bid Dollars ( 5% of Amt. ), 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. North County Regional Park Aquatic Facility WHEREAS, the Principal has submitted a bid for Roof Replacement (IRC -1826) (Here insert full name and address and description of project) , Indian River County Bid # 2019074 9450 County Road 512 Sebastian FL 32958 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 contact 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 16th day of October 2019 Tech Systems, Inc. (Principal) (Seal) a Thomas H. Ca President Contractors Bonding and Insurance Comply (Surety) (Seal) AIA DOCUMENT A310• BID BOND- AIA®- .FEBRUARY 1970 ED- THE INSTITUTE OF ARCHITECTS, 1735 N.Y. AVE., N.W., WASHINGTON, D. ® Printed on Recycled Paper 9193 in Fact C0037809-50,0