06/15/2021 - Laserfiche WebLink

Home Browse Search

Bid Bond CONTRACTOR: /,4'rrnre, legrrl surltrs rind crrldtx.cr) TLC Diversified, Inc. 2719 17th Street, East Palmetto, FL 34221 Document A310 TM - 2010 Conforms with The American Institute of Architects AIA Document 310 SURETY: {,'�'runc, Ic�rrlstrrlrrcnxdpsincipa/�ItrcCrJhrc+i+re�:r} Westfield Insurance Company P.O. Box 5001 Westfield Center, OH 44251-5001 OWNER: (Nanio, legal status and adcims) Indian River. County Board of County Commissioners 1800 27th Street Vero Beach, FL 32960 BOND AMOUNT: $ 5% Five Percent of Amount Bid PROJECT: (Xanre, location or address: and Project number, ijan) j South Oslo Road WP Improvements This document has important legal consequences. Consultation with an attorney is encouraged Will respect to its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shah 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 tate Contractor and Surety bind themselves. their heirs executors administrators, successors and assigns, jointly and severally, as provided herein. Tile conditions of this Bond are such that if the Onvner 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!) fsuch bid, and gives such bond or bonds as may be specified in the bidding or Contract Uocumcnts, with a surety admitted in the jurisdiction of tate Project mid othernvise 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 tine amount of this Bond, bct►eecn the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perlium the wart; covered by said bid, then this obligation shall be null and void, otherwise to remain in cull lbrce and elfect. The Surety hereby i-N-aives any notice gran agreement between the Owner and Contractor to extend the time in which the Owner may accept tire bid. Alaiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance orbids specilied in the bid documents, and the Owner and Contractor shall obtain the Surety's consent loran extension beyond sixty (60) days. If this Bond is issued in connection with d subcontractor's bid ton Contractor, the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. '4r<rhen this Bond has been furnished to comply with u statutory,or other tegal requirement in the location ut'tlec project, unv provision in this Bond conllicling with said statutory or legal requirement shall be deemed deleted herel'rom and provision%caiilimmling to such statutory or other legal requirement shall be deemed incorporated herein. When so rumished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. 19th / day of May, 2021 / TLC Diversified, Inc. �--.- (Princiyalj (Sea!) (47111ew) iffany Tayl r, A st. Secretary - (line) Dalas Lamberson, Vice President Westfield Insurance Company URgge, (JPi Vis) K / ) - j� • O By: / ccst f �� N:• ��l�.L b / ..k; (/ir1TCa'ura DxMosholder Attorney -in -Fact •. .r.r. .• s S-0054/AS 8110 151