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Document A310 TSI - 2010 Conforms with The American Institute of Architects AIA Document 310 -f-w / M CONTRACTOR: ('%lane, legal slatrcc and addmg) Florida Site Contracting 866 11th CT SW Vero Beach, FL 32962 OWNER: l,' Nine, legal strrtr(s and address) Indian River County Purchasing Department 1800 27th Street Building B - Room BI -301 Vero Beach, FL 32960 SURETY: ( ione, legal staters and principal place r fbialnecs) North American Specialty Insurance Company 1200 main Street, Suite 800 Kansas City, iY1O 64105 This document has important legal consequences: Consultation Mailing Address for Notices with an attorney is encouraged with respect to its completion or modFication. BOND AMOUNT: $ 5% Five Percent of Amount Sid PROJECT: (Name, location or address andIlrojectnumber, ifar{hj 4th Street Culvert Replacement at 90th Avenue Indian River County Project Pio. IRC -2022 Indian River County Bid No. 2021045 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 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 tie Owner 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 tike jurisdiction of the Project and otherwise acceptable -to theOwtner, for the faithful performance of such. Contract and for tate prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owner t(ne difference, not to exceed thezanomnt of this Bond, betwoen the amount specified in said bid and such larger anhount for which tine Owner inay in good faith contract with another party to perronn file work covered by said bid, then this obligation shall he null and void, otherwise to remain in li lI tierce and ell'ect. The Surety hereby waives any notice ol'tun agreenhent 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 lime for ucceptance ol'bids specitied in the bid documents; and the O%tner and Contractor shall obtain the Surety's consent liar an extension beyond sixty (60) days. If this Bond is issued in connection with a subco tractoes bid to a Contractor, the terns 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 furnished to comply with a statutory or Other legal requirement in the location onhe Project, any provision in this Bond contlicting %with said statutory or legal requirement shall be deemed deleted herefrom and provisions con1brming to such xtatutoryahr other legal requirement shall be deemed incorporated herein: When sin htmished, the intent is that this Bond shall be construed as a statutory bond nndnot as it common law bond. Signed and scaled this Sth day of May, 2021 Florida Site Contracting_ e fPrirrcipril} / .gal) Insurance Company rely Phone No. 813-498-1184 .