2020-159A - Laserfiche WebLink

Home Browse Search

Bid Bond CONTRACTOR: (Name, legal status and address) Proshot Concrete, Inc. 4158 Musgrove Drive Florence, AL 35630 OWNER: (Nance, legal status mrd address) Indian River County 1800 27th Street Vero Beach, FL 32960 BOND AMOUNT: 5% Document A310 TM - 2010 Conforms with The American institute of Architects AIA Document 310 SURETY: (Name, legal status and principal place r f business) Fidelity and Deposit Company of Maryland 1299 Zurich Way, 5th Floor Schaumburg, IL 60196-1056 Mailing Address for Notices 1299 Zurich Way, 5th Floor Schaumburg, IL 60196-1056 Five Percent of Amount Bid PROJECT: (.'Farre. location or address mrd Project number; if mit% C.R. 512 Bridge Repairs (FDOT#884078 & #884079) 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 Surcty bind themselves, their lucirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond arc such that if the Owner accepts the bid of the Contractor within the time specified in the bid documents, or within such time 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 Contract Docuntents, 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 tMs Bond, between the amount specified in said bid and such Iarger amount for which the Owner may in good faith contract with another party to perlimm the wort: covered by said bid, then this obligation shall be null and void, otherwise to remain in full longe and ell'ect. 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. Waiver ofnotice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time lbr acceptance ol'bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty (60) days. If this Bond is issued in connection witli n subcontractor's bid ton Contractor, the tern Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been tarnished to comply vvilh a statutory, or other legal requirement in the location ol'the project, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herelmm and provisions conlbrming to such statutory or other legal requirement shall be deemed incorporated herein. When so lumished, the intent is that this Bond sha`hl�e�il as a statutory bond and not as a common law bond. CR Signed and scaled this 30th day of June 2020. GTS �— Proshot Concrete, Inc.= SEAL : Z = (Principal) f$mpJj r o S: (FitAnthony cDougle P esident�rit,�a008 h) rriiit�u Fidelity and Deposit Company of Maryland; (1f'inesay Rebecca P. Lo ' (Title)Thomas J. Bole , Attorney-ih Fact S-00541AS 8110