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Document A3/0 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 CONTRACTOR: (Name, legal status and address) Sunshine Land Design, Inc. 3291 SE Lionel Terrace Stuart, FL 34997 OWNER: (Nacre, legal status and address) Indian River County 1800 27th Street Vero Beach, FL 32960 BOND AMOUNT: 5% SURETY: (Name, legal status and principal place of hucine.-s) 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: Wame. localiouoraddn:ss, andProjcctnumber, ifan)j Indian River Boulevard and 8th Street Signalization BID No: 2020-037 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. 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 tlmis Bond arc such that if the Owner accepts the bid of ilia Contractor within the time specified in ilia 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 Contmet 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 perlbrin the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full tiuce and e1kct. Tire Surety hereby waives any notice of an agreement between the Owner and Contractor to extend ilia time in which die Owner may accept lime bid. Waiver ol'notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance ol'bids specified in the bid document.,, and the Owner and Contractor shall obtain the Surety's consent fur an extension beyond sixty (60) days. If this Bond is issued in connection with a subcontractor's bid to a Contractor, the tcnn Contractor in this Bond shall be deemed to be Subcontractor and the tart Owner shall be deemed to be Contractor. When this Bond has been l'umished to comply with a statutory or other legal requirement in the locution of the Project. any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefirom and pn»visions confioniing to such statutory or other legal requirement shall be deemed incorporated herein. When so I'umished, the intent is that this Bond shall beconstrued as a statutory bond and not as a common lav bond. Signed and stated this 10th day of June, 2020. XYU�9--A �k*'V�� (INitnecr) Annette Wisong S-0054/AS 8110 Sunshine Land Design, Inc. (Principal) (Seal) B: Mile) V Ic (SSI d VA Philadelphia Indemnity Insurance Company (,tiurel}) (Seal) By: ml at ker , Attorney itr=Farms